Michael Novogratz Sells 3,372,875 Shares of Galaxy Digital (NASDAQ:GLXY) Stock

Galaxy Digital (NASDAQ:GLXY) CEO Michael Novogratz sold 3,372,875 shares of Galaxy Digital stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $18.10, for a total value of $61,049,037.50. Following the completion of the transaction, the chief executive officer now owns 348,921 shares of the company’s stock, valued at approximately $6,315,470.10. The trade was a 90.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Galaxy Digital Trading Up 3.3%

Shares of NASDAQ GLXY opened at $19.13 on Wednesday. Galaxy Digital has a 12-month low of $17.99 and a 12-month high of $26.60.

Analyst Ratings Changes

GLXY has been the subject of a number of research reports. HC Wainwright upgraded Galaxy Digital to a “strong-buy” rating in a research note on Friday, May 16th. Wall Street Zen upgraded Galaxy Digital to a “sell” rating in a research report on Saturday, May 24th. Finally, Atb Cap Markets upgraded Galaxy Digital to a “strong-buy” rating in a research report on Tuesday, May 20th.

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.