Remitly is a durable, growing business at 6x '28 earnings
Remitly dominates its core corridors through superior speed and network effects, enabling 10%+ annual send volume growth. Trading at 6-7x 2028 earnings with a clear path to 25% operating margins, the valuation significantly undervalues a durable, competitive business with high barriers to entry.
At post $22.32·Now $22.79+2.1% since postedas of Nov 12, 4:31 PM ET
1d—
3d+7.4%
1w+2.5%
1m—
3m—
6m—
1y—
Sold 23,249 @ $26.30 avg · $611,396 · 2026-08-17
Form 4: MORRIS NIGEL W sold RELY
MORRIS NIGEL W (Director at Remitly Global, Inc.) reported an open-market sale of 23,249 shares of RELY at an average $26.30, roughly $611,396, in a Form 4 filed 2026-08-19.
At post $25.06·Now $22.79-9.1% since postedas of Nov 12, 4:31 PM ET
1d-1.4%
3d+6.4%
1w+2.8%
1m-12.5%
3m—
6m—
1y—
Sold 31,000 @ $25.98 avg · $805,490 · 2026-08-13
Form 4: MORRIS NIGEL W sold RELY
MORRIS NIGEL W (Director at Remitly Global, Inc.) reported an open-market sale of 31,000 shares of RELY at an average $25.98, roughly $805,490, in a Form 4 filed 2026-08-17.
At post $26.30·Now $22.79-13.3% since postedas of Nov 12, 4:31 PM ET
1d-3.3%
3d-6.0%
1w+1.1%
1m-15.8%
3m—
6m—
1y—
Sold 69,818 @ $23.54 avg · $1,643,814 · 2026-08-12
Form 4: Riese Phillip John sold RELY
Riese Phillip John (Director at Remitly Global, Inc.) reported an open-market sale of 69,818 shares of RELY at an average $23.54, roughly $1,643,814, in a Form 4 filed 2026-08-13.
At post $25.33·Now $22.79-10.0% since postedas of Nov 12, 4:31 PM ET
1d+3.8%
3d+3.8%
1w-2.4%
1m-13.2%
3m-9.7%
6m—
1y—
Sold 260,182 @ $24.47 avg · $6,367,939 · 2026-08-07
Form 4: Riese Phillip John sold RELY
Riese Phillip John (Director at Remitly Global, Inc.) reported an open-market sale of 260,182 shares of RELY at an average $24.47, roughly $6,367,939, in a Form 4 filed 2026-08-11.
At post $23.61·Now $22.79-3.5% since postedas of Nov 12, 4:31 PM ET
1d+2.6%
3d+11.4%
1w+7.8%
1m-7.1%
3m+1.5%
6m—
1y—