Caitong International Asset Management Co. Ltd bought a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,643 shares of the company's stock, valued at approximately $145,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GLXY. CWM LLC acquired a new position in Galaxy Digital during the second quarter worth about $26,000. DHJJ Financial Advisors Ltd. acquired a new position in Galaxy Digital during the second quarter worth about $34,000. FNY Investment Advisers LLC acquired a new position in Galaxy Digital during the second quarter worth about $60,000. SJS Investment Consulting Inc. purchased a new stake in shares of Galaxy Digital during the second quarter worth about $77,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Galaxy Digital during the second quarter worth about $79,000.
Galaxy Digital Trading Up 3.4%
GLXY opened at $38.60 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. Galaxy Digital Inc. has a 52-week low of $8.20 and a 52-week high of $45.92. The stock's 50 day simple moving average is $31.81.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.14. The business had revenue of $8.66 billion for the quarter, compared to analysts' expectations of $13.11 billion.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on GLXY shares. The Goldman Sachs Group lifted their price target on shares of Galaxy Digital from $34.00 to $39.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Galaxy Digital in a report on Wednesday, October 8th. BTIG Research lifted their price target on shares of Galaxy Digital from $35.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday. Maxim Group started coverage on shares of Galaxy Digital in a report on Thursday, July 31st. They set a "buy" rating and a $40.00 price target for the company. Finally, Rosenblatt Securities lifted their price target on shares of Galaxy Digital from $35.00 to $44.00 and gave the stock a "buy" rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $44.63.
View Our Latest Stock Report on Galaxy Digital
Insider Buying and Selling at Galaxy Digital
In related news, COO Erin Elizabeth Brown sold 350,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $26.98, for a total value of $9,443,000.00. Following the sale, the chief operating officer directly owned 198,088 shares of the company's stock, valued at $5,344,414.24. This represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Novogratz sold 3,000,000 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $36.00, for a total transaction of $108,000,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,183,333 shares of company stock valued at $146,851,323.
Galaxy Digital Profile
(
Free Report)
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.
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