Galaxy Digital (NASDAQ:GLXY - Get Free Report) CEO Michael Novogratz sold 3,372,875 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $61,049,037.50. Following the completion of the transaction, the chief executive officer now owns 348,921 shares in the company, valued at approximately $6,315,470.10. This represents a 90.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Galaxy Digital Stock Performance
NASDAQ:GLXY traded down $0.01 during trading hours on Thursday, hitting $20.07. 4,020,590 shares of the company traded hands, compared to its average volume of 841,311. Galaxy Digital has a one year low of $6.89 and a one year high of $26.60.
Analysts Set New Price Targets
GLXY has been the subject of several research reports. HC Wainwright raised shares of Galaxy Digital to a "strong-buy" rating in a research report on Friday, May 16th. Atb Cap Markets raised shares of Galaxy Digital to a "strong-buy" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Galaxy Digital to a "sell" rating in a research report on Saturday, May 24th.
Check Out Our Latest Analysis on Galaxy Digital
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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