On November 20, 2024, Ankur Sinha, the Chief Product and Technology Officer at Remitly Global Inc, sold 1,112 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns 326,576 shares of Remitly Global Inc. Remitly Global Inc (RELY, Financial) is a financial services company that provides digital remittance services to customers around the world. The company enables users to send money internationally through its mobile app and website, offering a convenient and cost-effective alternative to traditional money transfer services. Over the past year, Ankur Sinha has sold a total of 35,050 shares and has not purchased any shares. The insider transaction history for Remitly Global Inc indicates that there have been no insider buys in the past year, while there have been 36 insider sells during the same period. On the day of the recent sale, shares of Remitly Global Inc were trading at $20.5 each, giving the stock a market cap of $4.167 billion. The stock's GF Value is estimated at $18.54, resulting in a price-to-GF-Value ratio of 1.11. This suggests that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's past returns and growth, as well as 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.
