On December 11, 2024, Matthew Oppenheimer, the CEO of Remitly Global Inc (RELY, Financial), sold 29,166 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 4,402,428 shares of the company.
Remitly Global Inc is a financial technology company that provides digital remittance services to customers around the world. The company facilitates the transfer of money across borders, offering a convenient and cost-effective solution for individuals sending money to family and friends in other countries.
The insider transaction history for Remitly Global Inc shows that there have been 0 insider buys in total over the past year. Meanwhile, there have been 36 insider sells over the same timeframe. Over the past year, Matthew Oppenheimer has sold 266,660 shares in total and purchased 0 shares in total.
Shares of Remitly Global Inc were trading for $21.24 apiece on the day of Matthew Oppenheimer’s recent sell. This gives the stock a market cap of $4.301 billion. With a price of $21.24 and a GuruFocus Value of $18.57, Remitly Global Inc has a price-to-GF-Value ratio of 1.14. This means the stock is modestly overvalued based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus that is calculated based on the following three factors:
- Historical multiples (price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow) that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
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.
