1,500 Shares in Galaxy Digital Inc. $GLXY Purchased by Centerpoint Advisors LLC

Centerpoint Advisors LLC acquired a new position in Galaxy Digital Inc. (NASDAQ:GLXY) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,500 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also modified their holdings of GLXY. Harbour Capital Advisors LLC acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth about $349,000. AdvisorNet Financial Inc acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth about $125,000. SJS Investment Consulting Inc. acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth about $77,000. Accurate Wealth Management LLC acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth about $440,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Galaxy Digital in the 2nd quarter worth about $79,000.

Galaxy Digital Trading Up 1.8%

NASDAQ:GLXY opened at $40.55 on Tuesday. Galaxy Digital Inc. has a twelve month low of $8.20 and a twelve month high of $45.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50-day simple moving average is $32.36. The company has a market cap of $15.26 billion and a price-to-earnings ratio of 506.88.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.14. The business had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $13.11 billion.

Insider Activity at Galaxy Digital

In other news, Director Richard Tavoso sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $28.28, for a total transaction of $1,414,000.00. Following the completion of the transaction, the director owned 400,000 shares in the company, valued at approximately $11,312,000. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Novogratz sold 3,000,000 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $36.00, for a total transaction of $108,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,183,333 shares of company stock worth $146,851,323.

Wall Street Analysts Forecast Growth

GLXY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Galaxy Digital from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Rosenblatt Securities increased their target price on shares of Galaxy Digital from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Piper Sandler increased their target price on shares of Galaxy Digital from $36.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Canaccord Genuity Group increased their target price on shares of Galaxy Digital from $34.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Galaxy Digital in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Galaxy Digital has a consensus rating of “Buy” and an average target price of $44.63.

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.