Nigel W. Morris, a director at Remitly Global Inc., sold 16,751 common shares for a total of $444,906 on Aug. 24, according to regulatory filings. The weighted average sale price was $26.56 per share, with prices ranging between $26.50 and $26.79.
Morris retained 1,811,056 shares of Remitly Global after the transaction. The company’s stock has gained 87% year-to-date and 53% over the past six months.
Remitly reported record quarterly revenue of $495.2 million in the second quarter of 2026, a 20% increase from the prior year. Adjusted earnings per share reached $0.93, exceeding the $0.13 estimate. The firm also reported over 10 million active users per quarter.
Cantor Fitzgerald raised its fiscal 2026 revenue estimate to a range of $505 million to $507 million and projected adjusted EBITDA between $92 million and $94 million. Wolfe Research estimated fiscal 2027 adjusted EBITDA at $522 million. Both firms raised their price targets to $30 and $31, respectively.
