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

Galaxy Digital Inc. (NASDAQ:GLXY)’s share price gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $16.84, but opened at $19.63. Galaxy Digital shares last traded at $19.16, with a volume of 2,265,703 shares.

Specifically, Director Douglas R. Deason purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of $20.80 per share, with a total value of $520,000.00. Following the acquisition, the director directly owned 59,000 shares of the company’s stock, valued at approximately $1,227,200. This represents a 73.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

Several brokerages have recently commented on GLXY. JMP Securities set a $60.00 price objective on Galaxy Digital in a research report on Tuesday, December 9th. Citigroup initiated coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They issued an “outperform” rating for the company. HC Wainwright dropped their price objective on shares of Galaxy Digital from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered their target price on Galaxy Digital from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of Galaxy Digital in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $45.23.

Key Galaxy Digital News

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

• Positive Sentiment: Board approved a $200 million share repurchase program, which signals management confidence and should support the stock by reducing float and returning capital. Read More.
• Positive Sentiment: Director Douglas R. Deason bought 25,000 shares (~$520k at ~$20.80), increasing his stake by ~73.5% — a meaningful insider buy that typically reinforces investor confidence. Read More.
• Positive Sentiment: HC Wainwright raised several 2026 quarterly estimates (Q2–Q4) and nudged FY2026 expectations slightly better while keeping a Buy rating and $40 target — a constructive revision to medium‑term profitability expectations. Read More.
• Positive Sentiment: BTIG reiterated its Buy rating, and Citizens JMP reaffirmed a market‑outperform stance (with a $60 target), providing continued institutional support from some brokers. Read More.
• Neutral Sentiment: Morgan Stanley trimmed its price target from $43 to $36 but kept an “overweight” rating — mixed signaling: lower target yet still constructive stance relative to the market. Read More.
• Neutral Sentiment: Consensus broker view remains around “Moderate Buy,” reflecting generally favorable but varied analyst expectations across the coverage base. Read More.
• Negative Sentiment: Galaxy reported a large $482 million net loss in Q4 2025 and missed revenue expectations — the Q4 headline loss and revenue shortfall are the main fundamentals-driven reasons for recent weakness and analyst caution. Read More.
• Negative Sentiment: Several analysts cut near‑term forecasts after the Q4 report and coverage pieces highlighted a pessimistic near‑term outlook, which amplified selling pressure prior to today’s rebound. Read More.

Galaxy Digital Price Performance

The stock’s 50 day simple moving average is $26.61 and its 200-day simple moving average is $29.32. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $7.53 billion and a price-to-earnings ratio of 16.06.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported ($1.08) 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.

Institutional Investors Weigh In On Galaxy Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLXY. Belpointe Asset Management LLC purchased a new stake in shares of Galaxy Digital during the second quarter worth approximately $280,000. Vontobel Holding Ltd. purchased a new position in shares of Galaxy Digital in the second quarter worth about $766,000. IFP Advisors Inc acquired a new position in Galaxy Digital during the second quarter worth about $84,000. Concurrent Investment Advisors LLC purchased a new stake in Galaxy Digital during the 2nd quarter valued at about $299,000. Finally, CWM LLC acquired a new stake in Galaxy Digital in the 2nd quarter valued at about $26,000.

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.