IREN proposes $875 million convertible notes offering due 2031
Somalya Saema, CLCAO of Remitly Global, Inc. (NASDAQ:RELY), sold 4,479 shares of common stock on August 28, 2025, at a price of $18.40, totaling $82413. The $3.82 billion market cap company has seen its stock surge 38.61% over the past year, with shares currently trading at $18.92.
The transaction was executed automatically under a pre-arranged Rule 10b5-1 trading plan. Following the sale, Saema directly owns 54,677 shares of Remitly Global . InvestingPro analysis shows the company maintains strong financial health with liquid assets exceeding short-term obligations and a healthy current ratio of 2.85. Get access to 8 more key insights and comprehensive analysis with InvestingPro’s detailed research report.
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 expected $0.19, an 84.21% negative surprise. However, Remitly’s revenue exceeded forecasts, reaching $411.9 million, which is a 6.88% increase over expectations and a 34% rise year-over-year. Following these results, KeyBanc raised its price target for Remitly Global to $28 from $27, maintaining an Overweight rating. The decision was influenced by the company’s solid quarterly performance and increased guidance for fiscal year 2025. KeyBanc also noted the potential growth from product innovations like Remitly One and Remitly Business. These developments highlight the company’s ongoing efforts to expand its platform capabilities.
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