Galaxy Digital Inc. $GLXY is Sullivan Wood Capital Management LLC's Largest Position

Key Points

• Sullivan Wood Capital Management boosted its Galaxy Digital (NASDAQ:GLXY) stake 6.7% in Q4 to 1,321,113 shares, making GLXY 44.6% of the firm's portfolio and worth about $29.54 million (0.34% of the company).
• Galaxy Digital reported Q4 EPS of ($1.08), beating estimates by $0.16 while revenue of $10.22 billion missed expectations; the stock has a $6.86 billion market cap, P/E of 147, and a 12‑month range of $8.20–$45.92.
• Analysts' consensus is a Moderate Buy with an average target of $42.77 amid mixed price‑target revisions, and insider director Douglas R. Deason purchased 25,000 shares, raising his stake by 73.5%.

Sullivan Wood Capital Management LLC boosted its position in shares of Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,321,113 shares of the company's stock after purchasing an additional 83,005 shares during the period. Galaxy Digital accounts for 44.6% of Sullivan Wood Capital Management LLC's investment portfolio, making the stock its biggest holding. Sullivan Wood Capital Management LLC owned 0.34% of Galaxy Digital worth $29,540,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GLXY. JPMorgan Chase & Co. purchased a new stake in shares of Galaxy Digital in the second quarter valued at $80,000. Invesco Ltd. purchased a new position in shares of Galaxy Digital during the second quarter valued at $53,233,000. EverSource Wealth Advisors LLC acquired a new position in Galaxy Digital during the second quarter valued at $116,000. First Trust Advisors LP acquired a new position in Galaxy Digital during the second quarter valued at $13,376,000. Finally, Marshall Wace LLP purchased a new stake in Galaxy Digital in the 2nd quarter worth about $35,568,000.

Galaxy Digital Stock Performance

GLXY opened at $17.64 on Friday. The firm has a market capitalization of $6.86 billion and a P/E ratio of 147.00. The stock's 50 day moving average price is $21.94 and its two-hundred day moving average price is $27.62. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.80. Galaxy Digital Inc. has a 12-month low of $8.20 and a 12-month high of $45.92.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, topping analysts' consensus estimates of ($1.24) by $0.16. The business had revenue of $10.22 billion for the quarter, compared to analyst estimates of $13.08 billion.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. HC Wainwright decreased their price objective on Galaxy Digital from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, February 4th. Citizens Jmp reissued a "market outperform" rating and issued a $60.00 price target on shares of Galaxy Digital in a research report on Wednesday, February 4th. The Goldman Sachs Group lowered their price target on Galaxy Digital from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, February 4th. Rosenblatt Securities restated a "buy" rating and issued a $46.00 price objective on shares of Galaxy Digital in a research note on Friday, January 30th. Finally, BTIG Research reaffirmed a "buy" rating and set a $50.00 price objective on shares of Galaxy Digital in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.77.

Insider Transactions at Galaxy Digital

In related news, Director Douglas R. Deason bought 25,000 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average price of $20.80 per share, with a total value of $520,000.00. Following the completion of the transaction, the director owned 59,000 shares of the company's stock, valued at $1,227,200. The trade was a 73.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Galaxy Digital Company 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.

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