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Remitly Global , Inc. (NASDAQ:RELY), a $3.56 billion market cap fintech company showing strong revenue growth of 34% over the last twelve months, saw Chief Executive Officer Matthew B. Oppenheimer sell a total of 29,166 shares of common stock on July 16 and 17, 2025, for approximately $504,280. According to InvestingPro analysis, the stock is currently trading below its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, the sales were executed in two separate transactions. On July 16, 14,583 shares were sold at a weighted average price of $17.28, with individual sales prices ranging from $17.07 to $17.65. On July 17, another 14,583 shares were sold at a weighted average price of $17.30, with individual sales prices ranging from $17.11 to $17.53. With the company’s next earnings report due on July 30, InvestingPro subscribers can access detailed financial analysis and 8 additional ProTips to make informed investment decisions.
The filing indicates that these transactions were executed automatically pursuant to a Rule 10b5-1 trading plan previously adopted by Oppenheimer. Following these transactions, Oppenheimer directly owns 4,198,266 shares of Remitly Global, Inc. The company maintains a healthy financial position with a current ratio of 2.78, indicating strong liquidity to meet short-term obligations.
In other recent news, Remitly Global Inc reported strong first-quarter financial results for 2025, showcasing substantial growth in customer engagement and transactions from larger senders. KeyBanc Capital Markets responded by raising its price target for Remitly from $24.00 to $27.00, maintaining an Overweight rating due to the company’s impressive 34% revenue growth and expanding profit margins. Meanwhile, JMP Securities reiterated its Market Outperform rating with a $32.00 price target, citing Remitly as a top secular growth story with significant barriers to competition. BMO Capital also maintained an Outperform rating, noting the potential positive impact of Wise (LON:WISEa)’s U.S. listing on Remitly’s valuation. The firm emphasized that Remitly’s growth prospects remain strong despite regulatory challenges. Wolfe Research maintained a Peerperform rating, highlighting Remitly’s focus on product optimization and customer retention. These recent developments indicate a continued positive outlook from analysts, although concerns around U.S. immigration policies and remittance taxes persist.
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