Hemanth Munipalli, the Chief Financial Officer of Remitly Global Inc (RELY, Financial), has sold 6,164 shares of the company on February 29, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $20.64 per share, resulting in a total value of $127,262.56.
Remitly Global Inc is a digital financial services provider specializing in international money transfers. The company's platform offers a secure, fast, and cost-effective way to send money across borders, catering to immigrants and their families who rely on remittances.
Over the past year, the insider has engaged in multiple transactions, selling a total of 42,759 shares and making no purchases. This latest sale continues the trend observed in the insider's trading behavior.
The insider transaction history for Remitly Global Inc indicates a pattern of more frequent selling than buying among insiders. In the past year, there have been 27 insider sells and only 2 insider buys.
On the date of the insider's most recent transaction, shares of Remitly Global Inc were trading at $20.64, giving the company a market capitalization of $3.862 billion.
Investors often monitor insider transactions as they can provide insights into the company's performance and insiders' perspectives on the stock's value. However, insider transactions are not necessarily indicative of future stock performance and should be considered as one of many factors in investment decision-making.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
