Galaxy Digital Inc. $GLXY Shares Purchased by Clear Street Group Inc.

Clear Street Group Inc. increased its position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,176,854 shares of the company’s stock after acquiring an additional 42,961 shares during the quarter. Clear Street Group Inc.’s holdings in Galaxy Digital were worth $26,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GLXY. Capital Research Global Investors acquired a new position in Galaxy Digital during the fourth quarter worth about $406,102,000. Vanguard Group Inc. grew its holdings in Galaxy Digital by 27.5% during the fourth quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after acquiring an additional 4,463,782 shares during the period. Invesco Ltd. acquired a new position in Galaxy Digital during the second quarter worth about $53,233,000. Tidal Investments LLC acquired a new position in Galaxy Digital during the second quarter worth about $48,452,000. Finally, Norges Bank acquired a new position in Galaxy Digital during the fourth quarter worth about $32,045,000.

Insiders Place Their Bets

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the sale, the director directly owned 1,505,419 shares in the company, valued at approximately $43,310,904.63. This trade represents a 14.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 51.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GLXY shares. Morgan Stanley reaffirmed an “overweight” rating and set a $37.00 target price on shares of Galaxy Digital in a report on Wednesday, April 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $55.00 target price on shares of Galaxy Digital in a report on Wednesday, April 29th. Rosenblatt Securities reissued a “buy” rating and issued a $39.00 price target on shares of Galaxy Digital in a research note on Thursday, April 23rd. Wall Street Zen raised Galaxy Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Citigroup lifted their price target on Galaxy Digital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Galaxy Digital presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Galaxy Digital Trading Up 0.3%

Shares of GLXY opened at $33.36 on Friday. The business’s 50-day moving average price is $27.15 and its 200 day moving average price is $25.26. The stock has a market capitalization of $13.01 billion and a P/E ratio of -69.50. Galaxy Digital Inc. has a 1-year low of $16.43 and a 1-year high of $45.92. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. The firm had revenue of $10.21 billion for the quarter. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.During the same period in the prior year, the business posted ($0.86) EPS. Analysts expect that Galaxy Digital Inc. will post -0.32 earnings per share for the current year.

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.