To understand who really controls Remitly Global, Inc. (NASDAQ:RELY), it’s important to understand the business’s ownership structure. We can see that the institution owns most of the company with his 44% ownership. In other words, the group faces the greatest upside potential (or downside risk).
Last week’s US$89 million market cap gain will be appreciated by institutional investors, especially after a year of 42% losses.
Let’s take a closer look at what different types of shareholders tell us about Remitly Global.
Check out Remitly Global’s latest analysis
What can institutional ownership tell us about Remitory Global?
Many financial institutions measure their performance against indices that approximate local markets. As such, they typically pay more attention to companies included in major indices.
As you can see, institutional investors have a sizeable stake in Remitly Global. This indicates a certain level of credibility among professional investors. But that fact alone cannot be relied upon. Because institutional investors, like everyone else, sometimes make bad investments. If multiple institutions change their views on a stock at the same time, the stock price can fall rapidly. So, it’s worth taking a look at his Remitly Global earnings history below. Of course, the future really matters.
Remitly Global is not owned by a hedge fund. Looking at the data, we can see that the largest shareholder is Naspers Limited, with his 22% of outstanding shares. By contrast, the second and his third largest shareholder holds about 8.5% of the stock and his 6.5%. Additionally, CEO Matthew Oppenheimer is the owner of his 3.1% stake in the company.
Further investigation reveals that over half of the company’s stock is owned by the top six shareholders. This suggests that the interests of large shareholders are to some extent balanced by minor shareholders.
Researching institutional ownership of companies can add value to your research, but it’s also a good idea to research analyst recommendations to get a better understanding of the stock’s expected performance. . Quite a few analysts cover stocks, so it’s very easy to look up forecast growth.
Insider Ownership of Remitly Global
The definition of an insider can be subjective and varies by jurisdiction. Our data reflects individual insiders, or at least board members. Management finally answers to the board. However, it is not uncommon for managers to be members of the board of directors, especially for founders and CEOs.
Most people view insider ownership positively because it can indicate that the board works well with other shareholders. However, in some cases, this group may be overly privileged.
It turns out that an insider owns shares of Remitly Global, Inc. This is a fairly large company, so seeing potentially meaningful partnerships is generally positive. In this case, they own shares worth about US$115 million (at current prices). Good to see this level of investment by insiders. You can check if an Insider has made a recent purchase here.
The general public (consisting primarily of private investors) with 14% ownership has some influence over Remitly Global. Ownership of this magnitude is substantial, but may not be sufficient to change company policy if decisions are out of sync with other major shareholders.
Private equity ownership
With a 14% ownership interest, the private equity firm is positioned to play a role in shaping corporate strategy focused on value creation. Private equity can be long-lived, but generally speaking, private equity has a short investment horizon and, as the name suggests, does not invest much in public companies. After some time, they may consider selling the capital and relocating it elsewhere.
public company ownership
A public company appears to own 22% of Remitly Global. It’s hard to say for sure, but this suggests they have intertwined business interests. It’s worth keeping an eye on the space.
It’s always worth thinking about the different groups that own shares in the company. But to better understand Remitly Global, many other factors need to be considered.Take risk as an example – Remitly Global four warning signs (and one you can’t ignore) you should know about.
Finally the future is the most important. You can access this freedom A report on the company’s analyst forecasts.
Note: The numbers in this article are calculated using the last 12 months of data. This refers to his 12-month period ending on the last day of the month in which the financial statements are dated. This may not match the annual report figures for the full year.
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This article by Simply Wall St is general in nature. We provide comments based on historical data and analyst projections using only unbiased methodologies and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. We aim to deliver long-term focused analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Is not …