Ryno Blignaut Sells 4,500 Shares of Remitly Global (NASDAQ:RELY) Stock

Remitly Global, Inc. (NASDAQ:RELY) Director Ryno Blignaut sold 4,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $12.89, for a total transaction of $58,005.00. Following the completion of the transaction, the director owned 32,576 shares in the company, valued at $419,904.64. The trade was a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ryno Blignaut also recently made the following trade(s):

• On Wednesday, November 26th, Ryno Blignaut sold 4,500 shares of Remitly Global stock. The shares were sold at an average price of $13.25, for a total transaction of $59,625.00.

Remitly Global Stock Performance

Shares of NASDAQ:RELY opened at $13.61 on Thursday. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $15.34. The company has a market cap of $2.85 billion, a P/E ratio of 151.22 and a beta of 0.11. Remitly Global, Inc. has a 52-week low of $12.08 and a 52-week high of $27.27.

Remitly Global (NASDAQ:RELY) last announced its earnings results on Wednesday, February 18th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.17. The firm had revenue of $442.18 million during the quarter, compared to the consensus estimate of $427.27 million. Remitly Global had a return on equity of 3.12% and a net margin of 1.36%.The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. As a group, equities analysts predict that Remitly Global, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RELY shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Remitly Global in a research report on Monday, December 29th. Monness Crespi & Hardt cut their price target on Remitly Global from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on Remitly Global from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Zacks Research upgraded Remitly Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $17.00 target price on shares of Remitly Global in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Remitly Global presently has an average rating of “Moderate Buy” and an average price target of $23.70.

Key Stories Impacting Remitly Global

Here are the key news stories impacting Remitly Global this week:

• Positive Sentiment: Q4 results beat expectations — EPS of $0.19 (vs. ~ $0.01–$0.02 est.) and revenue of $442.2M (vs. ~$427M est.), with revenue up ~25.7% year-over-year, signaling accelerating top-line growth. Remitly Reports Fourth Quarter and Full Year 2025 Results Above Outlook
• Positive Sentiment: Guidance was raised/updated: FY‑2026 revenue implied in the $1.9B–$2.0B range and Q1 revenue guidance of $436M–$438M versus consensus ~ $428M — the revenue targets suggest continued demand and provide near-term revenue visibility. Remitly Reports Fourth Quarter and Full Year 2025 Results Above Outlook
• Positive Sentiment: Leadership change — Sebastian J. Gunningham was named CEO, a governance event investors often view as positive when tied to a clear strategy or operational experience; this may boost confidence in execution of the growth plan. Remitly Appoints Sebastian J. Gunningham as Chief Executive Officer
• Neutral Sentiment: Analyst and institutional context — the stock carries a consensus “Moderate Buy” from brokers and recent institutional buying raised ownership to ~74% institutional ownership, which supports liquidity and analyst attention but does not guarantee near-term moves. RELY Stock Profile & Analyst Ratings
• Neutral Sentiment: Market activity — trading volume spiked well above average alongside the news, and the share price is sitting below the 200‑day moving average; technicals may influence short-term price action but are secondary to the fundamental beats and guidance. RELY Trading Snapshot
• Negative Sentiment: Insider sale — Director Ryno Blignaut sold 4,500 shares (~$58k) recently; while small relative to institutional holdings, insider selling can be viewed cautiously by some investors. SEC Form 4 — Insider Sale

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RELY. Torren Management LLC acquired a new stake in shares of Remitly Global in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new position in Remitly Global during the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its position in Remitly Global by 280.2% in the fourth quarter. GAMMA Investing LLC now owns 2,209 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,628 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Remitly Global in the third quarter valued at about $33,000. Finally, HighMark Wealth Management LLC bought a new stake in Remitly Global during the fourth quarter worth about $35,000. 74.25% of the stock is currently owned by institutional investors and hedge funds.

Remitly Global Company Profile

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.