Polianta Ltd Acquires Shares of 61,700 Galaxy Digital Inc. $GLXY

Polianta Ltd bought a new position in Galaxy Digital Inc. (NASDAQ:GLXY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,700 shares of the company’s stock, valued at approximately $1,379,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Galaxy Digital by 15.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,206,111 shares of the company’s stock worth $547,950,000 after purchasing an additional 2,179,540 shares in the last quarter. Seven Grand Managers LLC bought a new position in shares of Galaxy Digital during the second quarter valued at $27,375,000. SG Americas Securities LLC purchased a new stake in shares of Galaxy Digital during the third quarter valued at $3,119,000. Resolute Capital Asset Partners LLC bought a new stake in Galaxy Digital in the 2nd quarter worth about $1,752,000. Finally, Rovida Investment Management Ltd increased its holdings in Galaxy Digital by 21.2% in the 3rd quarter. Rovida Investment Management Ltd now owns 1,861,200 shares of the company’s stock worth $62,890,000 after buying an additional 325,000 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BTIG Research restated a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a research note on Tuesday, March 10th. Rosenblatt Securities reissued a “buy” rating and set a $46.00 price objective on shares of Galaxy Digital in a report on Friday, January 30th. HC Wainwright lowered their price objective on shares of Galaxy Digital from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings cut shares of Galaxy Digital from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 target price on shares of Galaxy Digital in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.77.

Galaxy Digital Price Performance

Shares of NASDAQ:GLXY opened at $17.15 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.67 billion and a PE ratio of 142.92. The firm’s 50 day moving average price is $23.07 and its 200-day moving average price is $27.94. Galaxy Digital Inc. has a twelve month low of $8.20 and a twelve month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last announced its earnings results on Tuesday, February 3rd. The company reported ($1.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.16. The business had revenue of $10.22 billion for the quarter, compared to the consensus estimate of $13.08 billion.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was purchased at an average price of $20.80 per share, with a total value of $520,000.00. Following the transaction, the director directly owned 59,000 shares in the company, valued at approximately $1,227,200. The trade was a 73.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.