SkyOak Wealth LLC Sells 4,873 Shares of Remitly Global, Inc. (NASDAQ:RELY)

SkyOak Wealth LLC cut its holdings in Remitly Global, Inc. (NASDAQ:RELY) by 34.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,088 shares of the financial services provider’s stock after selling 4,873 shares during the quarter. SkyOak Wealth LLC’s holdings in Remitly Global were worth $205,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RELY. The Manufacturers Life Insurance Company boosted its holdings in shares of Remitly Global by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 85,391 shares of the financial services provider’s stock valued at $1,035,000 after buying an additional 7,549 shares during the period. Point72 Asset Management L.P. acquired a new position in Remitly Global in the 2nd quarter worth $287,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Remitly Global during the 2nd quarter worth about $200,000. SG Americas Securities LLC acquired a new stake in shares of Remitly Global in the 3rd quarter valued at about $725,000. Finally, Quent Capital LLC lifted its holdings in shares of Remitly Global by 50.0% in the third quarter. Quent Capital LLC now owns 30,000 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 10,000 shares in the last quarter. 74.25% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Matthew B. Oppenheimer sold 14,583 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $20.86, for a total value of $304,201.38. Following the transaction, the chief executive officer now owns 4,417,011 shares of the company’s stock, valued at approximately $92,138,849.46. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pankaj Sharma sold 4,000 shares of Remitly Global stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $20.00, for a total value of $80,000.00. Following the sale, the insider now directly owns 151,576 shares of the company’s stock, valued at approximately $3,031,520. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,476 shares of company stock valued at $1,202,171 over the last ninety days. 8.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Remitly Global from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. JMP Securities raised their price target on shares of Remitly Global from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. KeyCorp lifted their price objective on shares of Remitly Global from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Barclays increased their target price on shares of Remitly Global from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.13.

Remitly Global Stock Down 1.0 %

Shares of Remitly Global stock opened at $23.50 on Monday. The business has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $17.47. Remitly Global, Inc. has a 1 year low of $11.60 and a 1 year high of $24.09.

Remitly Global Company 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.