New insider activity at Remitly Global ( (RELY) ) has taken place on March 13, 2026.
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Naspers Ltd, formerly a significant shareholder in Remitly Global, has sold 12,000,000 shares of Remitly Global stock in a major move that will cause it to cease being a 10% holder in the company. The transaction is substantial in scale, with the sale valued at $191,760,000, signaling a notable shift in Remitly Global’s ownership landscape.
Recent Updates on RELY stock
Remitly Global shares surged around 29% as investors reacted to strong Q4 results, a robust multi‑year outlook, and confirmation of profitable growth with expanding margins and cash flow. Analysts raising price targets cited the better‑than‑expected 2026 guidance, AI‑driven efficiency and fraud control, and reassurance from continued involvement of the co‑founder despite a surprise CEO change.
Spark’s Take on RELY Stock
According to Spark, TipRanks’ AI Analyst, RELY is a Neutral.
The score is driven primarily by improving fundamentals and strong 2025 cash generation, reinforced by confident 2026 profitability guidance. Offsetting factors are a weaker technical trend and a very high P/E with no dividend support, which increases sensitivity to the guided growth deceleration and margin normalization risks.
To see Spark’s full report on RELY stock, click here.
More about Remitly Global
YTD Price Performance: 12.54%
Average Trading Volume: 3,613,030
Technical Sentiment Signal: Hold
Current Market Cap: $3.27B