Galaxy Digital (NASDAQ:GLXY) Shares Gap Up on Insider Buying Activity

Galaxy Digital Inc. (NASDAQ:GLXY) shares gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $19.52, but opened at $20.80. Galaxy Digital shares last traded at $20.4810, with a volume of 815,334 shares.

Specifically, Director Steven John Bandrowczak bought 5,100 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $19.63 per share, with a total value of $100,113.00. Following the purchase, the director owned 39,186 shares in the company, valued at approximately $769,221.18. This represents a 14.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

GLXY has been the topic of a number of analyst reports. Zacks Research downgraded Galaxy Digital from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Citizens Jmp reissued a “market outperform” rating and issued a $55.00 target price on shares of Galaxy Digital in a report on Wednesday, April 29th. Cantor Fitzgerald restated an “overweight” rating and set a $30.00 target price on shares of Galaxy Digital in a research report on Friday, May 1st. BTIG Research lowered their price target on shares of Galaxy Digital from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Galaxy Digital has an average rating of “Moderate Buy” and an average target price of $38.83.

Key Galaxy Digital News

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

• Positive Sentiment: Director Steven John Bandrowczak purchased 5,100 shares at an average price of $19.63, investing approximately $100,113 and increasing his direct ownership by nearly 15%. The purchase may signal confidence that the recent selloff has created value. Galaxy Digital Director Steven John Bandrowczak Purchases 5,100 Shares
• Neutral Sentiment: Galaxy Digital reported second-quarter EPS of negative $0.09, better than the consensus estimate of negative $0.36, on revenue of $8.71 billion. However, the company remained unprofitable, with a negative net margin and negative return on equity. A newly announced $125 million partnership with Sharplink could provide a future growth catalyst, although its financial impact is not yet clear. Galaxy Digital in Focus After Q2 Miss and New Sharplink Partnership
• Negative Sentiment: Maxim Group’s earnings forecasts point to prolonged losses. The firm estimates negative EPS of $1.18 for fiscal 2026 and negative $2.90 for fiscal 2027, substantially worse than the current full-year consensus estimate of negative $0.74. Maxim expects a return to approximately break-even EPS in fiscal 2028, but the forecasts reinforce concerns about the timing of Galaxy Digital’s path to sustainable profitability.

Galaxy Digital Price Performance

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. The company has a market cap of $8.12 billion, a price-to-earnings ratio of -32.05 and a beta of 5.06. The company has a fifty day simple moving average of $26.19 and a two-hundred day simple moving average of $25.02.

Galaxy Digital (NASDAQ:GLXY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.27. The business had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative return on equity of 6.10% and a negative net margin of 0.75%.During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts anticipate that Galaxy Digital Inc. will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Galaxy Digital

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Galaxy Digital by 27.5% in the 4th quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock valued at $462,310,000 after buying an additional 4,463,782 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Galaxy Digital by 184.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 80,708 shares of the company’s stock worth $1,808,000 after acquiring an additional 52,334 shares during the period. Encompass More Asset Management purchased a new position in shares of Galaxy Digital during the 4th quarter worth about $896,000. Capelight Capital Asset Management LP acquired a new stake in shares of Galaxy Digital in the fourth quarter worth approximately $4,025,000. Finally, Riposte Capital LLC acquired a new stake in shares of Galaxy Digital in the first quarter worth approximately $2,952,000.

About Galaxy Digital

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.