Galaxy Digital Inc. $GLXY Shares Acquired by Moore Capital Management LP

Moore Capital Management LP increased its holdings in Galaxy Digital Inc. (NASDAQ:GLXY) by 32.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,362,250 shares of the company’s stock after buying an additional 330,000 shares during the period. Moore Capital Management LP’s holdings in Galaxy Digital were worth $46,069,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in Galaxy Digital during the second quarter worth about $1,948,000. PNC Financial Services Group Inc. acquired a new stake in shares of Galaxy Digital in the second quarter valued at approximately $53,000. Geode Capital Management LLC acquired a new stake in shares of Galaxy Digital in the second quarter valued at approximately $43,525,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of Galaxy Digital during the 2nd quarter worth approximately $1,256,000. Finally, Meridian Wealth Management LLC purchased a new position in shares of Galaxy Digital during the 2nd quarter worth approximately $243,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of Galaxy Digital in a research note on Wednesday, February 4th. Rosenblatt Securities reissued a “buy” rating and set a $46.00 price target on shares of Galaxy Digital in a research report on Friday, January 30th. Wall Street Zen cut Galaxy Digital from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup initiated coverage on Galaxy Digital in a research report on Wednesday, February 25th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Cantor Fitzgerald decreased their price objective on Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.54.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of $20.80 per share, for a total transaction of $520,000.00. Following the completion of the acquisition, the director directly owned 59,000 shares of the company’s stock, valued at $1,227,200. This trade represents a 73.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Galaxy Digital Stock Performance

Shares of GLXY opened at $23.10 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $9.02 billion and a price-to-earnings ratio of 192.50. The company’s 50 day simple moving average is $24.61 and its 200 day simple moving average is $28.23. Galaxy Digital Inc. has a 1 year low of $8.20 and a 1 year 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, topping analysts’ consensus estimates of ($1.24) by $0.16. The firm had revenue of $10.37 billion for the quarter, compared to analyst estimates of $13.08 billion.

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.