Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $19.04, but opened at $20.51. Galaxy Digital shares last traded at $20.78, with a volume of 2,366,465 shares trading hands.
Analysts Set New Price Targets
GLXY has been the subject of a number of research reports. HC Wainwright upgraded Galaxy Digital to a "strong-buy" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Galaxy Digital to a "sell" rating in a research note on Saturday, May 24th. Finally, Atb Cap Markets upgraded shares of Galaxy Digital to a "strong-buy" rating in a research note on Tuesday, May 20th.
Read Our Latest Stock Analysis on Galaxy Digital
Galaxy Digital Price Performance
Insiders Place Their Bets
In other Galaxy Digital news, insider Christopher C. Ferraro sold 1,250,000 shares of Galaxy Digital stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $18.10, for a total value of $22,625,000.00. Following the sale, the insider now directly owns 1,437,921 shares in the company, valued at approximately $26,026,370.10. The trade was a 46.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Novogratz sold 4,380,967 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $18.10, for a total transaction of $79,295,502.70. Following the completion of the sale, the chief executive officer now owns 348,921 shares in the company, valued at approximately $6,315,470.10. The trade was a 92.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,668,671 shares of company stock worth $175,359,900 over the last three months.
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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