172,415 Shares in Galaxy Digital Inc. $GLXY Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 172,415 shares of the company’s stock, valued at approximately $3,855,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Main Management ETF Advisors LLC boosted its stake in Galaxy Digital by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 71,253 shares of the company’s stock worth $1,593,000 after acquiring an additional 728 shares in the last quarter. Norges Bank acquired a new stake in Galaxy Digital in the fourth quarter valued at approximately $32,045,000. Cornerstone Select Advisors LLC acquired a new stake in Galaxy Digital in the fourth quarter valued at approximately $384,000. Eurizon Capital SGR S.p.A. acquired a new stake in Galaxy Digital in the fourth quarter valued at approximately $71,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Galaxy Digital in the fourth quarter valued at approximately $6,984,000.

Insiders Place Their Bets

In other Galaxy Digital news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $28.77, for a total value of $7,192,500.00. Following the transaction, the director owned 1,505,419 shares of the company’s stock, valued at approximately $43,310,904.63. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 51.53% of the company’s stock.

Analyst Ratings Changes

GLXY has been the subject of a number of research reports. Citigroup raised their price objective on Galaxy Digital from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. The Goldman Sachs Group reduced their price objective on Galaxy Digital from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of Galaxy Digital in a research note on Thursday, May 21st. Citizens Jmp reissued a “market outperform” rating and issued a $55.00 price objective on shares of Galaxy Digital in a research note on Wednesday, April 29th. Finally, Piper Sandler reduced their price objective on Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Galaxy Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Galaxy Digital Stock Down 11.5%

GLXY stock opened at $25.14 on Friday. The stock’s fifty day simple moving average is $25.76 and its two-hundred day simple moving average is $25.01. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.94. Galaxy Digital Inc. has a 1-year low of $16.43 and a 1-year high of $45.92. The stock has a market cap of $9.80 billion and a P/E ratio of -52.37.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.49) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $10.21 billion for the quarter. During the same period in the prior year, the firm posted ($0.86) EPS. Analysts expect that Galaxy Digital Inc. will post -0.32 EPS for the current year.

Galaxy Digital Company 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.