17,577 Shares in Galaxy Digital Inc. $GLXY Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC acquired a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,577 shares of the company’s stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLXY. JPMorgan Chase & Co. purchased a new stake in Galaxy Digital during the 2nd quarter worth about $80,000. Invesco Ltd. purchased a new stake in Galaxy Digital during the 2nd quarter worth about $53,233,000. EverSource Wealth Advisors LLC purchased a new stake in Galaxy Digital during the 2nd quarter worth about $116,000. First Trust Advisors LP purchased a new stake in Galaxy Digital during the 2nd quarter worth about $13,376,000. Finally, Cerity Partners LLC acquired a new stake in Galaxy Digital during the second quarter worth approximately $219,000.

Insider Buying and Selling

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the sale, the director owned 1,505,419 shares of the company’s stock, valued at approximately $43,310,904.63. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 51.53% of the company’s stock.

Galaxy Digital Stock Performance

Shares of GLXY stock opened at $29.58 on Friday. Galaxy Digital Inc. has a one year low of $16.43 and a one year high of $45.92. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.70 and a current ratio of 1.70. The company has a 50 day moving average price of $25.04 and a 200 day moving average price of $25.05. The firm has a market capitalization of $11.53 billion and a price-to-earnings ratio of -61.62.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.10. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. The firm had revenue of $10.21 billion during the quarter. During the same period last year, the company posted ($0.86) EPS. Sell-side analysts anticipate that Galaxy Digital Inc. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GLXY. Wall Street Zen upgraded shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 target price on shares of Galaxy Digital in a research report on Friday, May 1st. Weiss Ratings lowered shares of Galaxy Digital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday. Citizens Jmp restated a “market outperform” rating and set a $55.00 target price on shares of Galaxy Digital in a research report on Wednesday, April 29th. Finally, BTIG Research reiterated a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a research report on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

Galaxy Digital 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.