Caitong International Asset Management Co. Ltd Has $924,000 Stock Position in Galaxy Digital Inc. $GLXY

Caitong International Asset Management Co. Ltd grew its position in Galaxy Digital Inc. (NASDAQ:GLXY) by 8,070.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,340 shares of the company’s stock after purchasing an additional 40,834 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Galaxy Digital were worth $924,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its position in shares of Galaxy Digital by 200.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Danske Bank A S purchased a new stake in Galaxy Digital in the 4th quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Galaxy Digital in the 4th quarter worth approximately $46,000. Itau Unibanco Holding S.A. bought a new position in Galaxy Digital in the 4th quarter worth about $49,000. Finally, CWM LLC raised its stake in Galaxy Digital by 108.2% in the fourth quarter. CWM LLC now owns 2,954 shares of the company’s stock valued at $66,000 after purchasing an additional 1,535 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen raised shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Citigroup boosted their target price on Galaxy Digital from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. Chardan Capital restated a “buy” rating and set a $35.00 target price on shares of Galaxy Digital in a report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and issued a $37.00 target price on shares of Galaxy Digital in a report on Wednesday, April 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $39.00 price target on shares of Galaxy Digital in a research report on Thursday, April 23rd. Twelve research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Insider Buying and Selling at Galaxy Digital

In other news, Director Michael D. Daffey sold 250,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $28.77, for a total transaction of $7,192,500.00. Following the completion of the transaction, the director owned 1,505,419 shares in the company, valued at $43,310,904.63. This trade represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 51.53% of the company’s stock.

Galaxy Digital Stock Down 0.1%

Shares of Galaxy Digital stock opened at $34.18 on Friday. The company’s 50 day moving average is $28.69 and its 200 day moving average is $25.53. The company has a market cap of $13.33 billion and a price-to-earnings ratio of -71.21. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.94. Galaxy Digital Inc. has a twelve month low of $16.43 and a twelve month high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.49) EPS 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 firm had revenue of $10.21 billion during the quarter. During the same quarter last year, the company earned ($0.86) earnings per share. Research analysts anticipate that Galaxy Digital Inc. will post -0.32 EPS for the current year.

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.