Galaxy Digital (NASDAQ:GLXY) Stock Price Down 5.1% – Time to Sell?

Galaxy Digital (NASDAQ:GLXY) shares were down 5.1% during trading on Tuesday . The stock traded as low as $19.75 and last traded at $19.87. Approximately 1,880,946 shares changed hands during trading, an increase of 95% from the average daily volume of 962,453 shares. The stock had previously closed at $20.93.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLXY shares. Wall Street Zen raised Galaxy Digital to a “sell” rating in a research report on Saturday, May 24th. Atb Cap Markets upgraded Galaxy Digital to a “strong-buy” rating in a research report on Tuesday, May 20th. Finally, HC Wainwright raised shares of Galaxy Digital to a “strong-buy” rating in a research report on Friday, May 16th.

Galaxy Digital Price Performance

Insider Buying and Selling

In other Galaxy Digital news, General Counsel Andrew N. Siegel sold 223,169 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $4,039,358.90. Following the completion of the transaction, the general counsel now directly owns 479,896 shares in the company, valued at approximately $8,686,117.60. This trade represents a 31.74% 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, COO Erin Elizabeth Brown sold 87,704 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $22.17, for a total value of $1,944,397.68. Following the completion of the transaction, the chief operating officer now directly owns 402,591 shares of the company’s stock, valued at $8,925,442.47. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,287,704 shares of company stock worth $96,064,398 in the last ninety days.

About Galaxy Digital

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.