Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) saw an uptick in trading volume on Monday . 2,269,593 shares changed hands during trading, an increase of 43% from the previous session's volume of 1,586,000 shares.The stock last traded at $21.78 and had previously closed at $19.97.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. HC Wainwright upgraded shares of Galaxy Digital to a "strong-buy" rating in a research report on Friday, May 16th. Atb Cap Markets upgraded shares of Galaxy Digital to a "strong-buy" rating in a report on Tuesday, May 20th. Wall Street Zen raised shares of Galaxy Digital to a "sell" rating in a report on Saturday, May 24th. Finally, 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 target price on the stock.
View Our Latest Analysis on Galaxy Digital
Galaxy Digital Trading Up 9.7%
Insider Activity
In other Galaxy Digital news, COO Erin Elizabeth Brown sold 353,956 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total transaction of $6,406,603.60. Following the completion of the transaction, the chief operating officer owned 198,088 shares of the company's stock, valued at $3,585,392.80. This represents a 64.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher C. Ferraro sold 1,250,000 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 $22,625,000.00. Following the completion of the sale, the insider owned 1,437,921 shares in the company, valued at approximately $26,026,370.10. This represents a 46.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,668,671 shares of company stock valued at $175,359,900.
About Galaxy Digital
(
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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.
See Also
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