Riposte Capital LLC Purchases New Stake in Galaxy Digital Inc. $GLXY

Riposte Capital LLC acquired a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $2,952,000. Galaxy Digital comprises 0.8% of Riposte Capital LLC’s holdings, making the stock its 19th largest holding.

Several other large investors have also recently bought and sold shares of GLXY. Vanguard Group Inc. boosted its holdings in Galaxy Digital by 27.5% during the fourth quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after buying an additional 4,463,782 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Galaxy Digital by 173.8% in the 4th quarter. SG Americas Securities LLC now owns 252,558 shares of the company’s stock worth $5,647,000 after acquiring an additional 160,305 shares during the period. Pictet Asset Management Holding SA raised its holdings in Galaxy Digital by 184.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 80,708 shares of the company’s stock worth $1,808,000 after purchasing an additional 52,334 shares during the last quarter. Encompass More Asset Management purchased a new stake in Galaxy Digital during the fourth quarter worth $896,000. Finally, Capelight Capital Asset Management LP purchased a new position in shares of Galaxy Digital in the fourth quarter valued at $4,025,000.

Galaxy Digital Price Performance

Shares of Galaxy Digital stock opened at $20.94 on Wednesday. The business’s fifty day moving average price is $27.82 and its 200 day moving average price is $25.59. Galaxy Digital Inc. has a twelve month low of $16.43 and a twelve month high of $45.92. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $8.16 billion, a P/E ratio of -43.62 and a beta of 4.84.

Galaxy Digital (NASDAQ:GLXY) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. Galaxy Digital had a negative return on equity of 2.30% and a negative net margin of 0.54%.The company had revenue of $10.21 billion for the quarter. During the same quarter last year, the business earned ($0.86) earnings per share. As a group, research analysts anticipate that Galaxy Digital Inc. will post -0.5 earnings per share for the current year.

Insider Buying and Selling

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of Galaxy Digital stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the transaction, the director directly owned 1,505,419 shares of the company’s stock, valued at $43,310,904.63. The trade was a 14.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 51.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLXY shares. Citizens Jmp restated a “market outperform” rating and set a $55.00 target price on shares of Galaxy Digital in a research report on Wednesday, April 29th. Zacks Research downgraded Galaxy Digital from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Piper Sandler reduced their target price on shares of Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Chardan Capital reissued a “buy” rating and issued a $35.00 price objective on shares of Galaxy Digital in a research report on Monday, May 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a research note on Friday, April 24th. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.62.

Galaxy Digital 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.