This cluster is too small to warrant any trading action. Monitor for any C-suite selling or larger director sales exceeding $1M before considering bearish positioning. The 94% analyst bullish consensus and strong institutional accumulation (11 funds doubled positions in Q2) suggest the company's fundamentals remain intact.
Price Chart
Executive Summary
Two Remitly directors sold a combined $308K in open-market sales over a 7-day window, with Nigel W. Morris selling at $27.03 and Joshua Hug selling at $25.03. The total value is only ~0.006% of RELY's $5.1B market cap, making this a trivial insider cluster that does not signal material bearish information. The sales are likely routine portfolio diversification, consistent with the company's 94% analyst bullish consensus and strong institutional backing from Fidelity, BlackRock, and Baillie Gifford.
Key Financial Metrics
Key Facts
- Two directors sold a combined $308K in open-market sales over 7 days
- Total sales represent ~0.006% of RELY's $5.1B market cap
- Nigel W. Morris sold 6.3K shares at $27.03 on 2026-09-02
- Joshua Hug sold 5.5K shares at $25.03 on 2026-09-08
- No C-suite executives participated in the cluster
- Analyst consensus is 94% bullish (16 Buy, 1 Hold)
- Top institutional holders Fidelity ($488M), BlackRock ($411M), Baillie Gifford ($278M) are accumulating
Financial Impact
Total insider sales of $308K are immaterial relative to $5.1B market cap
Risk Factors
- Insider sales could accelerate if the stock approaches $27+ levels where Morris sold
- No C-suite buying to offset the director sales
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RELY-1789074227466 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $25.32 | awaiting T+5 | — | $24.57 (−2.96%) |
Oct 21, 2026 5d ago | Press Release | $25.32 | awaiting T+5 | — | $24.57 (−2.96%) |
Oct 21, 2026 5d ago | SC 13G/A | $25.42 | awaiting T+5 | — | $24.57 (−3.34%) |
Oct 7, 2026 19d ago | 144 | $23.52 $24.65 | ▲ +4.80% | ▲ +5.08% | $24.57 (+4.46%) |
Oct 6, 2026 20d ago | 144 | $22.93 $23.49 | ▲ +2.44% | ▲ +3.42% | $24.57 (+7.15%) |
Sep 10, 2026 6w ago | Insider Cluster | $21.99 $21.93 | ▼ −0.27% | ▼ −0.05% | $24.57 (+11.73%) |
Sep 4, 2026 7w ago | Insider Cluster | $24.83 $21.83 | ▼ −12.08% | ▼ −10.96% | $24.57 (−1.05%) |
Aug 31, 2026 8w ago | Insider Cluster | $25.71 $24.07 | ▼ −6.38% | ▼ −6.46% | $24.57 (−4.43%) |
Aug 26, 2026 8w ago | Insider Cluster | $25.99 $26.92 | ▲ +3.60% | ▲ +3.33% | $24.57 (−5.45%) |
Aug 19, 2026 9w ago | Insider Cluster | $24.69 $25.99 | ▲ +5.25% | ▲ +4.13% | $24.57 (−0.49%) |
US Market Status
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