Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Remitly Global, Inc. NASDAQ:RELY Chief Business Officer Pankaj Sharma sold 9,000 shares of common stock on August 13 and 14, according to a Form 4 filing with the Securities and Exchange Commission. The fintech company, currently valued at $4.1 billion, has seen its stock decline 28% over the past six months, though InvestingPro data shows a strong return of nearly 4% in the past month.
The sales, totaling $178,550, were executed in two tranches. On August 13, Sharma sold 5,000 shares at a weighted average price of $19.71, with prices ranging from $19.61 to $19.96. The following day, August 14, Sharma sold an additional 4,000 shares at $20. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.85, indicating solid liquidity. The stock is currently trading near its Fair Value, with 8 additional exclusive insights available to Pro subscribers.
The filing indicates that the sales were executed automatically under a pre-arranged Rule 10b5-1 trading plan. Following the transactions, Sharma directly owns 182,926 shares of Remitly Global stock. The company has demonstrated robust revenue growth of 35% in the last twelve months, with analysts expecting continued profitability this year.
In other recent news, Remitly Global Inc. reported its second-quarter earnings for 2025, revealing mixed results. The company experienced a significant miss on earnings per share (EPS), reporting $0.03 compared to the forecasted $0.19, which represents an 84.21% negative surprise. However, Remitly exceeded revenue expectations, achieving $411.9 million, which is a 6.88% increase above forecasts and reflects a 34% year-over-year growth. Following these results, KeyBanc raised its price target for Remitly to $28 from $27, maintaining an Overweight rating. The firm’s decision was influenced by the company’s solid quarterly results and raised guidance for fiscal year 2025. KeyBanc also noted Remitly’s growing platform potential, highlighted by product innovations such as Remitly One and Remitly Business. These developments are part of the company’s strategy to enhance its service offerings and expand its market reach.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.