Tavis Luke, an insider at Remitly Global Inc (RELY), sold 5,336 shares of the company on November 24, 2025, at a price of $12.49 per share, totaling approximately $67,000. Following this transaction, Luke retains 5,336 shares of the company.
Remitly Global, headquartered in Seattle, Washington, specializes in digital financial services for immigrants and their families. The company went public on September 23, 2021, and currently has a market capitalization of $2.8 billion. It operates within the financial services industry and offers a mobile-centric suite of products for cross-border remittances, facilitating transactions in over 5,100 corridors.
The company's financial metrics indicate a price-to-earnings (P/E) ratio of 132.94 and earnings per share (EPS) of 0.09 as of November 27, 2025. Upcoming earnings reports are scheduled for May 5, 2026, and August 4, 2026, with estimated EPS of $0.06 and $0.09, respectively, and revenue estimates of $439.8 million and $488.2 million.
Insider transactions, such as this sale, must be reported to the SEC, providing transparency regarding the actions of company executives. While such sales can reflect various personal or financial considerations, they should not be the sole basis for investment decisions. Investors are encouraged to analyze insider activity patterns over time and across multiple insiders to gauge broader sentiment.