Sage Advisors LLC Buys Shares of 11,673 Galaxy Digital Inc. $GLXY

Sage Advisors LLC bought a new stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,673 shares of the company’s stock, valued at approximately $256,000.

Several other large investors also recently added to or reduced their stakes in the company. CWM LLC acquired a new stake in Galaxy Digital during the 2nd quarter valued at $26,000. DHJJ Financial Advisors Ltd. acquired a new stake in Galaxy Digital during the 2nd quarter valued at $34,000. SJS Investment Consulting Inc. acquired a new stake in Galaxy Digital during the 2nd quarter valued at $77,000. Strategic Investment Solutions Inc. IL acquired a new stake in Galaxy Digital during the 2nd quarter valued at $79,000. Finally, IFP Advisors Inc acquired a new stake in Galaxy Digital during the 2nd quarter valued at $84,000.

Analysts Set New Price Targets

Several analysts have issued reports on GLXY shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Galaxy Digital in a research note on Wednesday, October 8th. Maxim Group assumed coverage on shares of Galaxy Digital in a research note on Thursday, July 31st. They set a “buy” rating and a $40.00 target price on the stock. Rosenblatt Securities lowered their price target on shares of Galaxy Digital from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Benchmark boosted their price target on shares of Galaxy Digital from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Galaxy Digital from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Galaxy Digital has an average rating of “Buy” and an average target price of $36.88.

Insider Buying and Selling

In related news, Director Medina Rhonda Adams sold 33,333 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $29.83, for a total value of $994,323.39. Following the completion of the sale, the director directly owned 112,053 shares in the company, valued at approximately $3,342,540.99. This represents a 22.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Erin Elizabeth Brown sold 350,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $26.98, for a total transaction of $9,443,000.00. Following the completion of the sale, the chief operating officer owned 198,088 shares of the company’s stock, valued at $5,344,414.24. This represents a 63.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 433,333 shares of company stock worth $11,851,323.

Galaxy Digital Stock Performance

Galaxy Digital stock opened at $41.23 on Tuesday. The firm’s fifty day moving average is $29.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.34 and a current ratio of 1.34. Galaxy Digital Inc. has a 12 month low of $8.20 and a 12 month high of $44.33.

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

Galaxy Digital Company Profile

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.