Galaxy Digital (NASDAQ:GLXY) Stock: Insider Medina Rhonda Adams Sells 12,000 Shares

Galaxy Digital Inc. (NASDAQ:GLXY) Director Medina Adams sold 12,000 shares of Galaxy Digital stock in a transaction on Friday, October 30th. The stock was sold at an average price of $16.45, for a total transaction of $197,400.00. Following the sale, the director directly owned 107,919 shares of the company’s stock, valued at approximately $1,775,267.55. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Galaxy Digital Trading Up 15.4%

NASDAQ:GLXY opened at $16.83 on Wednesday. The business’s fifty day moving average price is $21.54 and its 200 day moving average price is $24.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 1.50. Galaxy Digital Inc. has a 12 month low of $14.19 and a 12 month high of $36.10.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.54. The company had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative return on equity of 10.30% and a negative net margin of 0.89%. Analysts anticipate that Galaxy Digital Inc. will post -0.07 earnings per share for the current fiscal year.

Trending Headlines about Galaxy Digital

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

• Positive Sentiment: Galaxy Digital reported quarterly EPS of $0.83, above the $0.29 consensus, on $8.69 billion in revenue. A technical analysis sees buyers defending support and a possible double-bottom reversal, with higher resistance as a potential target. Galaxy Digital Price Forecast
• Positive Sentiment: Maxim Group maintained a Buy rating and $36 price target while raising several estimates, including FY2027 EPS to -$0.96 from -$2.90 and Q4 2027 EPS to $0.08 from -$0.43. It forecasts $1.55 EPS for FY2028. MarketBeat analyst coverage
• Neutral Sentiment: Maxim’s outlook is mixed: it also cut its Q1 2027 EPS estimate to -$0.79 from -$0.46, despite raising estimates for other periods. MarketBeat analyst coverage
• Neutral Sentiment: A Seeking Alpha commentary raises concerns that lenders may capture much of the benefit from Galaxy Digital’s cash-generating assets; the article’s headline does not provide further details. Galaxy Digital: The Landlord Is Getting Paid
• Negative Sentiment: Director Medina Adams sold 12,000 shares for about $197,400, reducing her direct stake by 10.01%. Insider sales can weigh on sentiment, though she retained 107,919 shares. Director share sale

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Galaxy Digital during the second quarter worth about $1,456,000. State Street Corp boosted its holdings in Galaxy Digital by 99.7% in the 2nd quarter. State Street Corp now owns 3,833,993 shares of the company’s stock valued at $104,821,000 after purchasing an additional 1,913,688 shares in the last quarter. Riposte Capital LLC purchased a new stake in Galaxy Digital in the 1st quarter valued at approximately $2,952,000. Bank of America Corp DE boosted its holdings in Galaxy Digital by 112.4% in the 2nd quarter. Bank of America Corp DE now owns 1,145,172 shares of the company’s stock valued at $31,309,000 after purchasing an additional 605,986 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Galaxy Digital by 67.5% during the 2nd quarter. Squarepoint Ops LLC now owns 144,335 shares of the company’s stock worth $3,946,000 after purchasing an additional 58,161 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GLXY. Weiss Ratings downgraded Galaxy Digital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. HC Wainwright cut their price objective on shares of Galaxy Digital from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Chardan Capital restated a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a research report on Tuesday, October 27th. The Goldman Sachs Group set a $20.50 target price on shares of Galaxy Digital in a report on Tuesday, October 27th. Finally, Rosenblatt Securities dropped their target price on shares of Galaxy Digital from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.29.

Galaxy Digital Company Profile

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.