Galaxy Digital (NASDAQ:GLXY) Shares Gap Down – Here’s What Happened

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) gapped down prior to trading on Tuesday . The stock had previously closed at $26.44, but opened at $25.23. Galaxy Digital shares last traded at $24.10, with a volume of 1,967,750 shares trading hands.

Galaxy Digital News Summary

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Director insider purchase — Director Douglas R. Deason bought 25,000 shares at about $20.80, increasing his stake ~73.5%, a vote of confidence from management-level ownership. SEC Form 4
• Positive Sentiment: Analyst support — BTIG reiterated a “Buy” rating on GLXY, signaling some analysts still see upside despite the weak quarter. BTIG Reiterates Buy
• Positive Sentiment: Citizens JMP reaffirmed a “market outperform” rating with a $60 price target, indicating bullish long‑term conviction from at least one shop. Citizens JMP PT
• Neutral Sentiment: Morgan Stanley kept an “overweight” rating but lowered its price target from $43 to $36 — still above current levels but a trimming of near‑term expectations. Morgan Stanley PT Cut
• Neutral Sentiment: HC Wainwright trimmed its price target (from $45 to $40) but maintained a “buy” stance — mixed signal: continued bullish view, but reduced conviction on near-term upside. HC Wainwright PT Change
• Negative Sentiment: Weak Q4 results — Galaxy reported a roughly $482 million net loss for Q4 2025 and revenue below Street expectations (company reported ~$10.37B vs. ~$13.08B expected), which triggered a sharp selloff and prompted analysts to cut forecasts. Q4 Loss Report
• Negative Sentiment: Market reaction & commentary — Coverage and transcripts show investor concern about mark‑to‑market losses and crypto market conditions; multiple outlets reported the stock plunged after results and analysts trimmed models. Earnings Presentation

Analyst Ratings Changes

GLXY has been the subject of a number of recent analyst reports. HC Wainwright lowered their price target on Galaxy Digital from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Cantor Fitzgerald reduced their price target on shares of Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup initiated coverage on Galaxy Digital in a report on Tuesday, December 9th. They set an “outperform” rating on the stock. JMP Securities set a $60.00 price target on Galaxy Digital in a research note on Tuesday, December 9th. Finally, Morgan Stanley decreased their price objective on Galaxy Digital from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Galaxy Digital currently has an average rating of “Moderate Buy” and a consensus price target of $45.23.

Galaxy Digital Trading Down 16.5%

The stock’s 50 day moving average is $26.80 and its 200-day moving average is $29.40. The company has a market cap of $6.58 billion and a P/E ratio of 14.03. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.08) earnings per share for the quarter, beating the consensus estimate of ($1.24) by $0.16. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $13.08 billion.

Insider Activity

In other Galaxy Digital news, Director Douglas R. Deason acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average cost of $20.80 per share, with a total value of $520,000.00. Following the completion of the transaction, the director directly owned 59,000 shares of the company’s stock, valued at approximately $1,227,200. This represents a 73.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Galaxy Digital

A number of institutional investors have recently made changes to their positions in GLXY. ORG Partners LLC raised its holdings in shares of Galaxy Digital by 1,110.0% during the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock valued at $36,000 after purchasing an additional 888 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Galaxy Digital in the 3rd quarter worth approximately $34,000. CWM LLC purchased a new stake in Galaxy Digital during the 2nd quarter valued at $26,000. Manchester Capital Management LLC bought a new position in shares of Galaxy Digital during the 2nd quarter valued at $32,000. Finally, Centerpoint Advisors LLC purchased a new position in shares of Galaxy Digital in the 2nd quarter worth $33,000.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.