Global Retirement Partners LLC Has $740,000 Position in Galaxy Digital Inc. $GLXY

Global Retirement Partners LLC increased its stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 1,651.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,095 shares of the company’s stock after buying an additional 31,205 shares during the quarter. Global Retirement Partners LLC’s holdings in Galaxy Digital were worth $740,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Leonteq Securities AG acquired a new stake in shares of Galaxy Digital during the fourth quarter worth approximately $185,000. IFP Advisors Inc lifted its stake in Galaxy Digital by 94.1% in the fourth quarter. IFP Advisors Inc now owns 10,456 shares of the company’s stock valued at $234,000 after acquiring an additional 5,068 shares during the last quarter. Harvest Portfolios Group Inc. lifted its stake in Galaxy Digital by 6.0% in the fourth quarter. Harvest Portfolios Group Inc. now owns 174,300 shares of the company’s stock valued at $3,902,000 after acquiring an additional 9,888 shares during the last quarter. Bayshore Capital Advisors LLC acquired a new stake in Galaxy Digital in the fourth quarter valued at approximately $3,504,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Galaxy Digital by 1,524.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 107,200 shares of the company’s stock valued at $2,397,000 after acquiring an additional 100,600 shares during the last quarter.

Insider Transactions at Galaxy Digital

In related news, Director Michael D. Daffey sold 250,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $28.77, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 51.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. HC Wainwright reduced their target price on shares of Galaxy Digital from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. The Goldman Sachs Group reduced their target price on shares of Galaxy Digital from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 target price on shares of Galaxy Digital in a research note on Friday, May 1st. Piper Sandler reduced their target price on shares of Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $39.00 target price on shares of Galaxy Digital in a research note on Thursday, April 23rd. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Galaxy Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Galaxy Digital Trading Up 3.4%

Shares of GLXY stock opened at $29.62 on Wednesday. Galaxy Digital Inc. has a 1 year low of $16.43 and a 1 year high of $45.92. The firm’s fifty day simple moving average is $24.61 and its 200 day simple moving average is $25.03. The firm has a market capitalization of $11.55 billion and a P/E ratio of -61.71. 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 (NASDAQ:GLXY) last announced its earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.10. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. The business had revenue of $10.21 billion for the quarter. During the same period last year, the firm posted ($0.86) EPS. As a group, sell-side analysts predict 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.