32,000 Shares in Remitly Global, Inc. (NASDAQ:RELY) Purchased by Nkcfo LLC

Nkcfo LLC acquired a new stake in shares of Remitly Global, Inc. (NASDAQ:RELY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,000 shares of the financial services provider’s stock, valued at approximately $722,000.

Other large investors also recently added to or reduced their stakes in the company. nVerses Capital LLC grew its stake in Remitly Global by 45.6% in the third quarter. nVerses Capital LLC now owns 13,100 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 4,100 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of Remitly Global by 29.1% during the third quarter. Bleakley Financial Group LLC now owns 15,178 shares of the financial services provider’s stock valued at $203,000 after buying an additional 3,422 shares during the period. Brighton Jones LLC raised its holdings in shares of Remitly Global by 17.3% in the third quarter. Brighton Jones LLC now owns 428,280 shares of the financial services provider’s stock valued at $5,735,000 after acquiring an additional 63,271 shares in the last quarter. Values First Advisors Inc. lifted its stake in Remitly Global by 30.2% in the third quarter. Values First Advisors Inc. now owns 14,788 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 3,426 shares during the period. Finally, WoodTrust Financial Corp grew its holdings in Remitly Global by 54.2% during the 3rd quarter. WoodTrust Financial Corp now owns 18,500 shares of the financial services provider’s stock worth $248,000 after acquiring an additional 6,500 shares in the last quarter. 74.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities boosted their price target on shares of Remitly Global from $22.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on Remitly Global from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Barclays boosted their price target on Remitly Global from $23.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp raised their price objective on Remitly Global from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.75.

Insider Buying and Selling at Remitly Global

In other news, insider Joshua Hug sold 22,198 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $20.62, for a total value of $457,722.76. Following the transaction, the insider now directly owns 3,873,811 shares of the company’s stock, valued at approximately $79,877,982.82. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew B. Oppenheimer sold 14,583 shares of Remitly Global stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $25.21, for a total value of $367,637.43. Following the sale, the chief executive officer now directly owns 4,358,679 shares of the company’s stock, valued at $109,882,297.59. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,059 shares of company stock worth $1,489,808. 8.10% of the stock is owned by corporate insiders.

Remitly Global Stock Up 3.6 %

Shares of Remitly Global stock opened at $27.14 on Friday. The company has a 50 day moving average price of $23.17 and a 200 day moving average price of $18.28. Remitly Global, Inc. has a 52 week low of $11.60 and a 52 week high of $27.24.

Remitly Global Profile

Remitly Global, Inc provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.