CORDA Investment Management LLC. purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,910 shares of the company's stock, valued at approximately $1,159,000.
A number of other hedge funds have also made changes to their positions in GLXY. Sullivan Wood Capital Management LLC acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $26,699,000. RFG Advisory LLC acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $898,000. Vontobel Holding Ltd. acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $766,000. Cidel Asset Management Inc. acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $548,000. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Galaxy Digital during the second quarter worth approximately $440,000.
Insider Buying and Selling
In other Galaxy Digital news, COO Erin Elizabeth Brown sold 350,000 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was 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 in the company, valued at approximately $5,344,414.24. This trade represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Novogratz sold 3,000,000 shares of Galaxy Digital stock in a transaction dated 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. Insiders sold a total of 4,183,333 shares of company stock valued at $146,851,323 in the last three months.
Galaxy Digital Trading Down 5.3%
GLXY stock opened at $37.78 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.28. Galaxy Digital Inc. has a 1 year low of $8.20 and a 1 year high of $44.33. The company has a fifty day moving average of $30.91.
Galaxy Digital (NASDAQ:GLXY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.14. The company had revenue of $8.66 billion during the quarter, compared to the consensus estimate of $13.11 billion.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on GLXY shares. Wall Street Zen upgraded Galaxy Digital from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Benchmark raised their price objective on Galaxy Digital from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Maxim Group started coverage on Galaxy Digital in a research note on Thursday, July 31st. They set a "buy" rating and a $40.00 price objective on the stock. BTIG Research restated a "buy" rating and set a $35.00 price objective on shares of Galaxy Digital in a research note on Tuesday, August 5th. Finally, Canaccord Genuity Group raised their price objective on Galaxy Digital from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $37.50.
View Our Latest Stock Analysis on Galaxy Digital
Galaxy Digital Company 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.
Featured Articles
Want to see what other hedge funds are holding GLXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Galaxy Digital Inc. (NASDAQ:GLXY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Galaxy Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Galaxy Digital wasn't on the list.
While Galaxy Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
