Stock Traders Buy High Volume of Galaxy Digital Put Options (NASDAQ:GLXY)

Key Points

• 27,422 put options were traded on Galaxy Digital—about 15% above typical daily put volume—indicating increased hedging or bearish positioning that could add downward pressure if sentiment shifts.
• Several firms (e.g., Citizens JMP with a $55 target, HC Wainwright $40, BTIG, Cantor Fitzgerald) have reiterated Buy/Outperform calls, leaving a MarketBeat consensus of "Moderate Buy" and an average price target of $39.50, well above the current share price.
• Insider director Douglas R. Deason bought 25,000 shares at $20.80, and Galaxy recently beat EPS estimates (‑$0.49 vs. ‑$0.59) despite negative margins; the stock traded around $28.82 midday.

Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) saw some unusual options trading activity on Friday. Investors purchased 27,422 put options on the stock. This is an increase of approximately 15% compared to the typical volume of 23,910 put options.

Key Galaxy Digital News

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

• Positive Sentiment: HC Wainwright raised Q2–Q4 and FY2026 EPS estimates (now projecting positive EPS of $0.09 for Q2 and FY2026) and reiterated a Buy rating with a $40 price target — a meaningful fundamental upgrade that supports higher valuation expectations. HC Wainwright Research
• Positive Sentiment: Citizens JMP reaffirmed a "Market Outperform" rating and set a $55 price target, a very bullish call that signals large upside among institutional analysts. Citizens JMP Rating
• Positive Sentiment: BTIG reiterated its Buy rating, adding another institutional endorsement reinforcing demand from buy‑side investors. BTIG Coverage
• Positive Sentiment: Cantor Fitzgerald reaffirmed an Overweight rating with a $30 target — a more conservative but still positive view that may support short‑term momentum. Cantor Fitzgerald Note
• Neutral Sentiment: Analyst commentary urging investors to "look beyond Q1" (Rosenblatt) may support patience among investors expecting the company’s performance to improve later in the year. Rosenblatt Article
• Neutral Sentiment: Industry writeups and roundups (e.g., Buy/Sell/Hold coverage) keep the stock in analysts’ view but provide mixed retail/institutional signals. Cantechletter Coverage
• Negative Sentiment: Unusually large put option activity — about 27,422 puts traded (≈15% above typical daily put volume) — signals increased hedging or bearish positioning that could add downward pressure if sentiment flips. (No direct link provided for the options data.)

Galaxy Digital Price Performance

Galaxy Digital stock traded up $1.38 during midday trading on Friday, hitting $28.82. The company's stock had a trading volume of 3,696,694 shares, compared to its average volume of 6,329,813. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.80. The stock's 50-day moving average price is $22.01 and its 200-day moving average price is $26.10. Galaxy Digital has a 12 month low of $16.43 and a 12 month high of $45.92. The company has a market capitalization of $11.21 billion and a PE ratio of -59.71.

Galaxy Digital (NASDAQ:GLXY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.10. The firm had revenue of $7.35 billion for the quarter. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.27%. During the same quarter last year, the firm posted ($0.86) earnings per share. Analysts anticipate that Galaxy Digital will post -0.78 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Douglas R. Deason purchased 25,000 shares of Galaxy Digital stock in a transaction dated Wednesday, February 4th. The stock was bought at an average price of $20.80 per share, with a total value of $520,000.00. Following the completion of the acquisition, the director owned 59,000 shares in the company, valued at $1,227,200. The trade was a 73.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 51.53% of the company's stock.

Institutional Trading of Galaxy Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in Galaxy Digital by 20.8% during the 3rd quarter. CWM LLC now owns 1,419 shares of the company's stock worth $48,000 after buying an additional 244 shares during the period. Victory Capital Management Inc. raised its holdings in Galaxy Digital by 2.1% during the 3rd quarter. Victory Capital Management Inc. now owns 19,596 shares of the company's stock worth $663,000 after buying an additional 411 shares during the period. Private Advisor Group LLC raised its holdings in Galaxy Digital by 6.9% during the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company's stock worth $186,000 after buying an additional 655 shares during the period. Dimensional Fund Advisors LP raised its holdings in Galaxy Digital by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,879 shares of the company's stock worth $1,182,000 after buying an additional 666 shares during the period. Finally, Main Management ETF Advisors LLC raised its holdings in Galaxy Digital by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company's stock worth $1,593,000 after buying an additional 728 shares during the period.

Wall Street Analysts Forecast Growth

GLXY has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Galaxy Digital in a report on Friday, April 24th. The Goldman Sachs Group reduced their price objective on shares of Galaxy Digital from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, April 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $30.00 price objective on shares of Galaxy Digital in a report on Friday. Wall Street Zen downgraded shares of Galaxy Digital from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $55.00 price objective on shares of Galaxy Digital in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.50.

Galaxy Digital Company Profile

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.

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