AGF Management Ltd. Takes $4.71 Million Position in Galaxy Digital Inc. $GLXY

AGF Management Ltd. purchased a new stake in Galaxy Digital Inc. (NASDAQ:GLXY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,297 shares of the company’s stock, valued at approximately $4,711,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GLXY. Balyasny Asset Management L.P. bought a new position in shares of Galaxy Digital during the second quarter worth approximately $113,435,000. Invesco Ltd. bought a new position in Galaxy Digital in the second quarter valued at about $53,233,000. Tidal Investments LLC bought a new position in Galaxy Digital in the second quarter valued at about $48,452,000. Geode Capital Management LLC bought a new stake in shares of Galaxy Digital during the second quarter worth about $43,525,000. Finally, Marshall Wace LLP acquired a new position in shares of Galaxy Digital in the second quarter valued at approximately $35,568,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GLXY shares. Morgan Stanley started coverage on shares of Galaxy Digital in a research report on Thursday, November 6th. They issued an “overweight” rating and a $42.00 price target for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $27.00 price objective on shares of Galaxy Digital in a report on Tuesday, January 20th. Benchmark lifted their target price on Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $46.00 price target on shares of Galaxy Digital in a research note on Friday, January 30th. Finally, Cantor Fitzgerald cut their price objective on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $46.42.

Galaxy Digital Trading Down 16.9%

NASDAQ:GLXY opened at $21.98 on Wednesday. Galaxy Digital Inc. has a one year low of $8.20 and a one year high of $45.92. The company has a market cap of $8.59 billion and a PE ratio of 18.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day moving average of $26.92 and a 200-day moving average of $29.47.

Galaxy Digital (NASDAQ:GLXY) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.24) by $0.16.

Insiders Place Their Bets

In other news, Director Douglas R. Deason acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $29.59 per share, for a total transaction of $295,900.00. Following the purchase, the director owned 10,000 shares in the company, valued at approximately $295,900. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Galaxy Digital News Summary

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

• Positive Sentiment: Q4 adjusted results showed operational resilience: Galaxy reported record adjusted gross profit and positive adjusted EBITDA for the year, signaling core business strength even amid price volatility. Earnings Call Highlights
• Positive Sentiment: Galaxy beat EPS expectations for the quarter (reported diluted EPS of $(1.08) vs. consensus $(1.24)), showing results were slightly better than Street estimates. Earnings Summary
• Positive Sentiment: Balance sheet and liquidity remain strong: Galaxy reported total equity of ~$3.0B and cash + stablecoins of ~$2.6B as of Dec. 31, which supports operations and optionality during volatile crypto markets. PR Newswire
• Positive Sentiment: Analyst support: BTIG reaffirmed a “buy” rating with a $50 price target, implying significant upside from current levels and providing a credible bullish view for longer-term investors. Benzinga
• Neutral Sentiment: Corporate housekeeping: Galaxy completed its reorganization and domestication as a Delaware-incorporated company and began Nasdaq trading as part of its structural transition — a one-time corporate event with limited near-term impact on fundamentals. PR Newswire
• Neutral Sentiment: Short-interest data reported is anomalous/insufficient (shows zero shares), so it does not provide a reliable signal on current investor positioning. (Note: reported average volume is high, but short-interest reporting appears inconsistent.)
• Negative Sentiment: Large Q4 net loss: Galaxy reported a Q4 net loss of ~$482M (diluted EPS $(1.08)), primarily due to depreciation in digital asset prices — this headline loss is the main driver of the negative market reaction. Q4 & Full‑Year Results
• Negative Sentiment: Market reaction: News outlets reported sharp share declines and intraday plunges after the loss was disclosed, reflecting investor sensitivity to mark-to-market crypto losses and earnings headlines. Market Reaction Additional Coverage
• Negative Sentiment: Full-year pressures and one-time items: FY2025 net loss of ~$241M and roughly $160M of one-time costs weigh on near-term profitability, keeping earnings recovery contingent on crypto price improvements. Full-Year Results

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.