Sage Advisors LLC Buys Shares of 11,673 Galaxy Digital Inc. $GLXY

Key Points

• Sage Advisors LLC has acquired a new stake in Galaxy Digital Inc., purchasing 11,673 shares valued at approximately $256,000 in the second quarter.
• Multiple hedge funds have also invested in Galaxy Digital, with new positions acquired worth amounts ranging from $26,000 to $84,000.
• Analysts have a consensus target price of $36.88 for Galaxy Digital, with ratings that include two Strong Buy, seven Buy, and two Hold ratings.

Sage Advisors LLC bought a new stake in Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,673 shares of the company's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GLXY. CWM LLC acquired a new position in shares of Galaxy Digital during the second quarter worth approximately $26,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Galaxy Digital during the second quarter worth approximately $34,000. SJS Investment Consulting Inc. acquired a new position in shares of Galaxy Digital during the second quarter worth approximately $77,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Galaxy Digital during the second quarter worth approximately $79,000. Finally, IFP Advisors Inc acquired a new position in shares of Galaxy Digital during the second quarter worth approximately $84,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLXY. Weiss Ratings reiterated a "hold (c-)" rating on shares of Galaxy Digital in a research report on Wednesday, October 8th. Canaccord Genuity Group boosted their price objective on Galaxy Digital from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Galaxy Digital from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Jefferies Financial Group assumed coverage on Galaxy Digital in a research report on Wednesday, July 23rd. They set a "buy" rating and a $35.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on Galaxy Digital from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Galaxy Digital presently has a consensus rating of "Buy" and a consensus target price of $36.88.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, COO Erin Elizabeth Brown sold 350,000 shares of the company'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 transaction, the chief operating officer owned 198,088 shares of the company's stock, valued at approximately $5,344,414.24. This represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Medina Rhonda Adams sold 33,333 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $29.83, for a total value of $994,323.39. Following the completion of the transaction, the director directly owned 112,053 shares in the company, valued at $3,342,540.99. This represents a 22.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,333 shares of company stock valued at $11,851,323.

Galaxy Digital Price Performance

Shares of NASDAQ:GLXY opened at $41.23 on Tuesday. Galaxy Digital Inc. has a 12 month low of $8.20 and a 12 month high of $44.33. The business's 50 day moving average price is $29.91. 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 (NASDAQ:GLXY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.14. The firm had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $13.11 billion.

About Galaxy Digital

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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