Stock Traders Purchase High Volume of Galaxy Digital Call Options (NASDAQ:GLXY)

Galaxy Digital Inc. (NASDAQ:GLXY - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders purchased 19,916 call options on the company. This is an increase of 92% compared to the average volume of 10,386 call options.

Analyst Ratings Changes

GLXY has been the topic of a number of recent research reports. Wall Street Zen raised Galaxy Digital to a "sell" rating in a research report on Saturday, May 24th. Atb Cap Markets raised Galaxy Digital to a "strong-buy" rating in a research note on Tuesday, May 20th. Finally, HC Wainwright raised Galaxy Digital to a "strong-buy" rating in a research report on Friday, May 16th.

Insider Activity

In other news, CEO Michael Novogratz sold 3,372,875 shares of Galaxy Digital 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 sale, the chief executive officer now directly owns 348,921 shares of the company's stock, valued at approximately $6,315,470.10. The trade was a 90.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Erin Elizabeth Brown sold 87,704 shares of Galaxy Digital stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $22.17, for a total value of $1,944,397.68. Following the completion of the transaction, the chief operating officer now directly owns 402,591 shares of the company's stock, valued at approximately $8,925,442.47. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,668,671 shares of company stock valued at $175,359,900.

Galaxy Digital Stock Down 2.1%

NASDAQ:GLXY traded down $0.39 during mid-day trading on Monday, hitting $18.47. The stock had a trading volume of 8,577,988 shares, compared to its average volume of 1,456,446. Galaxy Digital has a twelve month low of $6.89 and a twelve month high of $26.60.

Galaxy Digital Company Profile

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.