Galaxy Digital (NASDAQ:GLXY) Shares Gap Up Following Insider Buying Activity

Key Points

• Galaxy Digital shares jumped from a $19.52 close to a $20.80 open after director Steven John Bandrowczak purchased 5,100 shares for approximately $100,113, increasing his ownership by nearly 15%.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus from 14 analysts and an average price target of $38.83, despite some target-price cuts and sell ratings.
• The company beat second-quarter EPS expectations with a loss of $0.09 versus the projected $0.36 loss, but remained unprofitable; forecasts still call for continued losses through at least fiscal 2027.

Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report)'s share price gapped up prior to trading on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $19.52, but opened at $20.80. Galaxy Digital shares last traded at $20.4810, with a volume of 815,334 shares trading hands.

Specifically, Director Steven John Bandrowczak bought 5,100 shares of the business's stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $19.63 per share, with a total value of $100,113.00. Following the transaction, the director owned 39,186 shares of the company's stock, valued at approximately $769,221.18. The trade was a 14.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLXY. Citizens Jmp reissued a "market outperform" rating and set a $55.00 price objective on shares of Galaxy Digital in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Galaxy Digital from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, May 26th. Cantor Fitzgerald restated an "overweight" rating and issued a $30.00 price objective on shares of Galaxy Digital in a research note on Friday, May 1st. Rosenblatt Securities cut their target price on Galaxy Digital from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Chardan Capital reissued a "buy" rating and issued a $35.00 target price on shares of Galaxy Digital in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.83.

Trending Headlines about Galaxy Digital

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Director Steven John Bandrowczak purchased 5,100 shares at an average price of $19.63, investing approximately $100,113 and increasing his direct ownership by nearly 15%. The purchase may signal confidence that the recent selloff has created value. Galaxy Digital Director Steven John Bandrowczak Purchases 5,100 Shares
• Neutral Sentiment: Galaxy Digital reported second-quarter EPS of negative $0.09, better than the consensus estimate of negative $0.36, on revenue of $8.71 billion. However, the company remained unprofitable, with a negative net margin and negative return on equity. A newly announced $125 million partnership with Sharplink could provide a future growth catalyst, although its financial impact is not yet clear. Galaxy Digital in Focus After Q2 Miss and New Sharplink Partnership
• Negative Sentiment: Maxim Group’s earnings forecasts point to prolonged losses. The firm estimates negative EPS of $1.18 for fiscal 2026 and negative $2.90 for fiscal 2027, substantially worse than the current full-year consensus estimate of negative $0.74. Maxim expects a return to approximately break-even EPS in fiscal 2028, but the forecasts reinforce concerns about the timing of Galaxy Digital’s path to sustainable profitability.

Galaxy Digital Trading Up 6.7%

The company has a 50 day simple moving average of $26.19 and a 200 day simple moving average of $25.02. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $8.12 billion, a PE ratio of -32.05 and a beta of 5.06.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.27. The company had revenue of $8.71 billion for the quarter. Galaxy Digital had a negative return on equity of 6.10% and a negative net margin of 0.75%.During the same quarter last year, the business posted $0.08 earnings per share. Analysts predict that Galaxy Digital Inc. will post -0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Galaxy Digital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in Galaxy Digital by 183.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company's stock worth $32,000 after buying an additional 928 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of Galaxy Digital by 200.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company's stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Galaxy Digital in the fourth quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital during the fourth quarter worth about $46,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Galaxy Digital during the fourth quarter worth about $49,000.

About Galaxy Digital

Galaxy Digital Holdings Ltd. NASDAQ: GLXY is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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