Shares of Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,765,128 shares traded hands during mid-day trading, an increase of 27% from the previous session's volume of 1,393,265 shares.The stock last traded at $19.01 and had previously closed at $18.86.
Analysts Set New Price Targets
A number of analysts have commented on GLXY shares. Rosenblatt Securities started coverage on Galaxy Digital in a report on Tuesday. They issued a "buy" rating and a $25.00 target price for the company. HC Wainwright raised Galaxy Digital to a "strong-buy" rating in a report on Friday, May 16th. Atb Cap Markets raised Galaxy Digital to a "strong-buy" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen raised Galaxy Digital to a "sell" rating in a report on Saturday, May 24th.
Read Our Latest Analysis on GLXY
Galaxy Digital Stock Performance
Insider Buying and Selling
In related news, General Counsel Andrew N. Siegel sold 223,169 shares of Galaxy Digital stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $4,039,358.90. Following the completion of the sale, the general counsel now owns 479,896 shares of the company's stock, valued at $8,686,117.60. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Erin Elizabeth Brown sold 87,704 shares of Galaxy Digital stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $22.17, for a total value of $1,944,397.68. Following the completion of the sale, the chief operating officer now directly owns 402,591 shares of the company's stock, valued at $8,925,442.47. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,668,671 shares of company stock valued at $175,359,900 over the last 90 days.
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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