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Director Phillip John Riese of Remitly Global, Inc. (NASDAQ: RELY), a $4.1 billion market cap fintech company showing strong 35% revenue growth, sold 5,000 shares of common stock on September 5, 2025, for a total of $100,000. The shares were sold at prices ranging from $20.00 to $20.02, close to the current trading price of $20.25.
On the same day, Riese also exercised options to acquire 5,000 shares of Remitly Global common stock at a price of $0.64, for a total value of $3,200. According to InvestingPro analysis, the company maintains strong financial health with a "GOOD" rating and healthy liquidity, as current assets significantly exceed short-term obligations.
Following these transactions, Riese directly owns 112,496 shares of Remitly Global, Inc. For deeper insights into insider trading patterns and comprehensive analysis of RELY’s valuation metrics, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Remitly Global Inc. reported its second-quarter earnings for 2025, which revealed a significant miss on earnings per share (EPS) expectations. The company’s EPS was $0.03, falling short of the anticipated $0.19, resulting in an 84.21% negative surprise. However, the company exceeded revenue forecasts with $411.9 million, marking a 6.88% increase over expectations and a 34% year-over-year growth. In addition to the earnings report, KeyBanc raised its price target for Remitly Global to $28 from $27 while maintaining an Overweight rating, citing the company’s solid quarterly results and raised guidance for fiscal year 2025. KeyBanc highlighted the potential of Remitly’s platform through innovations like Remitly One and Remitly Business. Wolfe Research also upgraded Remitly Global’s stock rating to Outperform from Peerperform, setting a price target of $25. This upgrade reflects Remitly’s strong positioning in the digital money transfer and financial services sectors. These developments indicate ongoing interest and confidence in Remitly Global’s market potential.
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