Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $32.44 and last traded at $32.26, with a volume of 3869984 shares. The stock had previously closed at $31.03.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on GLXY shares. HC Wainwright upgraded Galaxy Digital to a "strong-buy" rating in a report on Friday, May 16th. Piper Sandler upgraded Galaxy Digital from an "overweight" rating to a "strong-buy" rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Monday. Atb Cap Markets upgraded shares of Galaxy Digital to a "strong-buy" rating in a report on Tuesday, May 20th. Rosenblatt Securities assumed coverage on shares of Galaxy Digital in a research report on Tuesday, June 24th. They issued a "buy" rating and a $25.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Galaxy Digital in a research note on Wednesday. They set a "buy" rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $32.25.
Read Our Latest Stock Analysis on GLXY
Galaxy Digital Stock Up 5.3%
The firm's fifty day simple moving average is $21.25.
Insider Buying and Selling at Galaxy Digital
In other Galaxy Digital news, General Counsel Andrew N. Siegel sold 223,169 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $18.10, for a total transaction of $4,039,358.90. Following the completion of the sale, the general counsel directly owned 479,896 shares in the company, valued at $8,686,117.60. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Erin Elizabeth Brown sold 353,956 shares of Galaxy Digital stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $6,406,603.60. Following the completion of the transaction, the chief operating officer directly owned 198,088 shares in the company, valued at approximately $3,585,392.80. This represents a 64.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,668,671 shares of company stock worth $175,359,900.
Institutional Trading of Galaxy Digital
Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new stake in shares of Galaxy Digital during the 2nd quarter worth approximately $84,000. Vontobel Holding Ltd. acquired a new stake in shares of Galaxy Digital during the 2nd quarter valued at about $766,000. Belpointe Asset Management LLC bought a new stake in Galaxy Digital in the second quarter valued at about $280,000. DHJJ Financial Advisors Ltd. acquired a new position in Galaxy Digital in the second quarter worth about $34,000. Finally, Sullivan Wood Capital Management LLC acquired a new position in Galaxy Digital in the second quarter worth about $26,699,000.
Galaxy Digital Company Profile
(
Get 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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