Insider Selling: Galaxy Digital (NASDAQ:GLXY) Director Sells $197,400.00 in Stock

Galaxy Digital Inc. (NASDAQ:GLXY) Director Medina Adams sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $16.45, for a total value of $197,400.00. Following the completion of the transaction, the director owned 107,919 shares of the company’s stock, valued at approximately $1,775,267.55. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Galaxy Digital Stock Down 17.0%

Shares of GLXY stock opened at $13.97 on Thursday. The business’s fifty day moving average is $21.33 and its 200 day moving average is $24.01. Galaxy Digital Inc. has a twelve month low of $13.71 and a twelve month high of $36.10. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.54. The business had revenue of $8.69 billion during the quarter. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%. As a group, sell-side analysts predict that Galaxy Digital Inc. will post -0.07 EPS for the current fiscal year.

Key Stories Impacting Galaxy Digital

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

• Positive Sentiment: Maxim Group maintained a Buy rating and a $36 price target, raising several future earnings estimates. It now projects FY2027 EPS of ($0.96), up from ($2.90), and expects FY2028 EPS of $1.55. Maxim Group estimates and rating
• Positive Sentiment: A technical analysis article says GLXY rebounded after earnings, with buyers defending support and a possible double-bottom pattern suggesting room to test higher resistance. Galaxy Digital bullish reversal analysis
• Positive Sentiment: Galaxy Digital’s latest reported quarter delivered EPS of $0.83, above the $0.29 analyst consensus, providing a fundamental positive alongside the bullish technical view. Galaxy Digital insider transaction report with earnings information
• Negative Sentiment: Director Medina Adams sold 12,000 shares for about $197,400, reducing her direct stake by roughly 10%. The transaction may weigh on sentiment, particularly as GLXY has been declining. Director share sale details
• Negative Sentiment: A Seeking Alpha article raises concern that lenders may capture much of the value generated by Galaxy Digital’s real-estate activity, pointing to a potential financing or cash-flow concern. Galaxy Digital: The Landlord Is Getting Paid But The Lenders Are Getting Most Of It

Hedge Funds Weigh In On Galaxy Digital

Several institutional investors and hedge funds have recently modified their holdings of GLXY. New York Life Investment Management LLC bought a new stake in shares of Galaxy Digital during the third quarter valued at approximately $656,000. Fulcrum Asset Management LLP bought a new position in Galaxy Digital in the 3rd quarter valued at approximately $1,803,000. Commonwealth Equity Services LLC lifted its position in Galaxy Digital by 2.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 31,541 shares of the company’s stock valued at $717,000 after acquiring an additional 767 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Galaxy Digital during the 3rd quarter valued at $37,000. Finally, Apollon Wealth Management LLC boosted its stake in Galaxy Digital by 8.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 55,164 shares of the company’s stock valued at $1,254,000 after purchasing an additional 4,330 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GLXY. Chardan Capital reissued a “buy” rating and set a $35.00 price target on shares of Galaxy Digital in a research report on Tuesday, October 27th. Citigroup raised shares of Galaxy Digital from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $28.00 in a research note on Tuesday, October 13th. Zacks Research upgraded shares of Galaxy Digital from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. Morgan Stanley decreased their target price on shares of Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Finally, BTIG Research lowered their target price on shares of Galaxy Digital from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.29.

About Galaxy Digital

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.