Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) insider Christopher Ferraro sold 750,000 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $36.00, for a total value of $27,000,000.00. Following the completion of the transaction, the insider owned 687,921 shares in the company, valued at approximately $24,765,156. This trade represents a 52.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Galaxy Digital Stock Performance
GLXY stock opened at $41.92 on Thursday. Galaxy Digital Inc. has a 1 year low of $8.20 and a 1 year high of $44.33. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average price of $30.47.
Galaxy Digital (NASDAQ:GLXY – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.14. The firm had revenue of $8.66 billion during the quarter, compared to analysts’ expectations of $13.11 billion.
Institutional Investors Weigh In On Galaxy Digital
Wall Street Analyst Weigh In
A number of brokerages recently commented on GLXY. Maxim Group began coverage on Galaxy Digital in a report on Thursday, July 31st. They issued a “buy” rating and a $40.00 target price on the stock. The Goldman Sachs Group raised their target price on Galaxy Digital from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday. Canaccord Genuity Group raised their target price on Galaxy Digital from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Galaxy Digital in a report on Tuesday, August 5th. Finally, Benchmark raised their target price on Galaxy Digital from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Galaxy Digital currently has an average rating of “Buy” and a consensus price target of $37.50.
View Our Latest Report on Galaxy Digital
About Galaxy Digital
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.
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