Sequoia Financial Advisors LLC acquired a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,607 shares of the company's stock, valued at approximately $342,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC acquired a new position in shares of Galaxy Digital during the second quarter valued at $26,000. DHJJ Financial Advisors Ltd. acquired a new position in Galaxy Digital during the 2nd quarter valued at about $34,000. SJS Investment Consulting Inc. bought a new position in Galaxy Digital in the 2nd quarter worth about $77,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Galaxy Digital in the second quarter valued at approximately $79,000. Finally, IFP Advisors Inc bought a new stake in shares of Galaxy Digital during the second quarter valued at approximately $84,000.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Galaxy Digital in a report on Wednesday, July 23rd. They issued a "buy" rating and a $35.00 price objective for the company. Canaccord Genuity Group increased their price target on Galaxy Digital from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Benchmark raised their price target on Galaxy Digital from $38.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Rosenblatt Securities upped their price objective on shares of Galaxy Digital from $35.00 to $44.00 and gave the stock a "buy" rating in a report on Monday. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Galaxy Digital in a research report on Wednesday, October 8th. Two equities 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $40.50.
Read Our Latest Stock Report on GLXY
Galaxy Digital Stock Performance
Shares of Galaxy Digital stock opened at $42.86 on Wednesday. The company has a fifty day moving average price of $31.43. Galaxy Digital Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $45.92. 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 (NASDAQ:GLXY - Get Free Report) last issued its quarterly 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 business had revenue of $8.66 billion during the quarter, compared to the consensus estimate of $13.11 billion.
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, insider Christopher C. Ferraro sold 750,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $36.00, for a total value of $27,000,000.00. Following the sale, the insider owned 687,921 shares of the company's stock, valued at $24,765,156. This trade represents a 52.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,183,333 shares of company stock valued at $146,851,323.
About Galaxy Digital
(
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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