Steven John Bandrowczak Purchases 5,100 Shares of Galaxy Digital (NASDAQ:GLXY) Stock

Galaxy Digital Inc. (NASDAQ:GLXY) Director Steven John Bandrowczak acquired 5,100 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $19.63 per share, with a total value of $100,113.00. Following the acquisition, the director owned 39,186 shares in the company, valued at $769,221.18. The trade was a 14.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Galaxy Digital Trading Up 3.1%

Shares of Galaxy Digital stock opened at $20.13 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.70. The stock’s 50 day simple moving average is $26.01 and its 200-day simple moving average is $24.93. The stock has a market cap of $7.85 billion, a P/E ratio of -30.97 and a beta of 5.06. Galaxy Digital Inc. has a 1-year low of $16.43 and a 1-year high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.27. Galaxy Digital had a negative return on equity of 6.10% and a negative net margin of 0.75%.The firm had revenue of $8.71 billion during the quarter. During the same period in the prior year, the business posted $0.08 EPS. Analysts predict that Galaxy Digital Inc. will post -0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GLXY has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $37.00 price target on shares of Galaxy Digital in a research report on Wednesday, April 29th. BTIG Research reduced their target price on shares of Galaxy Digital from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Zacks Research lowered shares of Galaxy Digital from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Piper Sandler dropped their price target on shares of Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $30.00 price target on shares of Galaxy Digital in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.83.

Institutional Investors Weigh In On Galaxy Digital

Several large investors have recently added to or reduced their stakes in GLXY. Victory Capital Management Inc. lifted its stake in Galaxy Digital by 2.1% in the third quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock worth $663,000 after acquiring an additional 411 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Galaxy Digital by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock valued at $186,000 after purchasing an additional 655 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Galaxy Digital by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company’s stock valued at $1,182,000 after purchasing an additional 666 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in shares of Galaxy Digital by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock valued at $1,593,000 after purchasing an additional 728 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Galaxy Digital by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 32,963 shares of the company’s stock valued at $737,000 after purchasing an additional 742 shares in the last quarter.

Key Galaxy Digital News

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

• Positive Sentiment: AI infrastructure rally: Galaxy Digital participated in a broader rebound among “neocloud” and crypto-mining stocks after NVIDIA’s reported $500 billion AI investment pledge. Investors may view Galaxy’s data-center and digital-asset infrastructure exposure as a potential beneficiary of rising AI demand. Neocloud Stocks Rally After NVIDIA’s Pledge
• Positive Sentiment: Insider buying: Director Steven John Bandrowczak purchased 5,100 shares for approximately $100,000, increasing his direct ownership by nearly 15%. The purchase can be interpreted as a vote of confidence in Galaxy’s valuation and long-term prospects. Galaxy Digital Director Purchases 5,100 Shares
• Neutral Sentiment: Bitcoin hack commentary: Alex Thorn, Galaxy’s head of firmwide research, said Bitcoin will “survive” a breach involving Coinkite Coldcard wallets that reportedly drained about $130 million. His comments may help reinforce confidence in Bitcoin’s resilience, although the incident highlights ongoing security risks for digital-asset investors. Bitcoin Will Survive Cold Wallet Hack, Says Galaxy Digital’s Thorn
• Negative Sentiment: Weak earnings outlook: Maxim Group’s forecasts call for a $1.18-per-share loss in fiscal 2026 and a $2.90-per-share loss in fiscal 2027, with additional quarterly losses projected. Those estimates reinforce concerns that Galaxy’s profitability recovery may take time.

About Galaxy Digital

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.