Galaxy Digital (TSE:GLXY) Hits New 12-Month High – Here’s What Happened

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$27.18 and last traded at C$25.41, with a volume of 593180 shares traded. The stock had previously closed at C$25.87.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their target price on Galaxy Digital from C$20.00 to C$24.50 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Galaxy Digital Stock Down 2.6 %

The stock has a 50-day simple moving average of C$17.40 and a 200 day simple moving average of C$15.76. The company has a market cap of C$3.15 billion, a PE ratio of 4.74 and a beta of 3.17.

Insider Activity

In other news, Director Christopher Charles Ferraro sold 3,300 shares of Galaxy Digital stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$18.70, for a total value of C$61,709.67. In related news, Director Christopher Charles Ferraro sold 3,300 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$18.70, for a total transaction of C$61,709.67. Also, Director Erin Brown sold 10,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of C$18.00, for a total value of C$180,000.00. Insiders own 2.07% of the company’s stock.

About Galaxy Digital

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.