Galaxy Digital Inc. $GLXY Position Raised by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Galaxy Digital position by 36.1% in the first quarter, bringing its holdings to 214,273 shares valued at approximately $3.95 million. Other major institutions, including Vanguard and Capital Research Global Investors, also hold significant stakes or recently initiated positions.
• Galaxy Digital reported a quarterly loss of $0.09 per share, beating the expected $0.36 loss, on revenue of $8.71 billion. However, analysts still forecast a full-year loss, highlighting ongoing earnings uncertainty.
• GLXY opened at $20.17, well below the analyst consensus price target of $38.83; despite mixed ratings, the stock carries a “Moderate Buy” consensus, with ten analysts assigning Buy ratings.

California State Teachers Retirement System lifted its position in shares of Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) by 36.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 214,273 shares of the company's stock after acquiring an additional 56,867 shares during the period. California State Teachers Retirement System owned 0.05% of Galaxy Digital worth $3,953,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors bought a new position in Galaxy Digital in the 4th quarter worth about $406,102,000. Vanguard Group Inc. boosted its position in shares of Galaxy Digital by 27.5% during the fourth quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company's stock worth $462,310,000 after buying an additional 4,463,782 shares during the period. Invesco Ltd. bought a new position in Galaxy Digital in the 2nd quarter worth approximately $53,233,000. Tidal Investments LLC bought a new position in Galaxy Digital in the 2nd quarter worth approximately $48,452,000. Finally, Norges Bank acquired a new stake in Galaxy Digital in the 4th quarter valued at approximately $32,045,000.

Galaxy Digital Stock Performance

GLXY opened at $20.17 on Friday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -31.03 and a beta of 5.06. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.70. Galaxy Digital Inc. has a 1-year low of $16.43 and a 1-year high of $45.92. The business has a 50 day moving average price of $26.41 and a two-hundred day moving average price of $25.17.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the business posted $0.08 earnings per share. Research analysts predict that Galaxy Digital Inc. will post -0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Canaccord Genuity Group reiterated a "buy" rating and set a $50.00 price target on shares of Galaxy Digital in a research report on Friday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price target on shares of Galaxy Digital in a report on Friday, May 1st. Zacks Research cut shares of Galaxy Digital from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Galaxy Digital from a "sell (d+)" rating to a "sell (d-)" rating in a report on Tuesday, May 26th. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $55.00 target price on shares of Galaxy Digital in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.83.

Insider Buying and Selling at Galaxy Digital

In related news, Director Michael D. Daffey sold 250,000 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the transaction, the director owned 1,505,419 shares of the company's stock, valued at $43,310,904.63. This trade represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 51.53% of the stock is currently owned by company insiders.

Key Headlines Impacting Galaxy Digital

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

• Positive Sentiment: New $125 million onchain yield fund: Galaxy Digital and Sharplink launched the Galaxy Sharplink Onchain Yield Fund, with $100 million backed by Sharplink’s staked-ETH treasury and $25 million from Galaxy. Galaxy will manage the fund, expanding its asset-management platform and creating a potential source of fee revenue while strengthening its institutional digital-asset credentials. Galaxy Digital and Sharplink Launch $125 Million Onchain Yield Fund
• Positive Sentiment: Analyst support remains favorable: BTIG maintained a Buy rating on GLXY, while Chardan Capital also initiated or reiterated a Buy rating. A separate review highlighted Galaxy among financial stocks attracting bullish analyst attention. BTIG Remains a Buy on Galaxy Digital Galaxy Digital Earns Buy Rating from Chardan Capital
• Neutral Sentiment: Strong trading interest: Galaxy Digital reportedly experienced unusually large options volume, signaling heightened investor attention and potentially increasing short-term volatility, but the activity does not establish a clear directional outlook. Galaxy Digital Sees Unusually Large Options Volume
• Negative Sentiment: Earnings forecasts remain below zero: HC Wainwright projected losses of $0.60 per share for fiscal 2026 and $0.67 for fiscal 2027, including a $0.99 loss in the first quarter of 2027. These estimates underscore continued earnings uncertainty, despite the company recently exceeding quarterly loss expectations.
• Negative Sentiment: Price target reduction: BTIG lowered its GLXY price target to $45 from a higher previous level. Although the revised target remains well above the recent trading range, the reduction indicates some caution regarding valuation or near-term operating conditions. BTIG Research Lowers Galaxy Digital Price Target to $45

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.

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