Galaxy Digital (NASDAQ:GLXY) Stock Sees Unusually High Call Option Buying

Posted by Stanley Muller on Oct 21st, 2026

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) was the target of unusually large options trading on Wednesday. Traders acquired 54,420 call options on the company. This is an increase of 113% compared to the average volume of 25,578 call options.

Insider Buying and Selling

In other Galaxy Digital news, Director Douglas R. Deason purchased 12,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $21.54 per share, with a total value of $258,480.00. Following the acquisition, the director directly owned 71,000 shares of the company’s stock, valued at $1,529,340. This trade represents a 20.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven Bandrowczak acquired 5,100 shares of Galaxy Digital stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $19.63 per share, with a total value of $100,113.00. Following the completion of the transaction, the director owned 39,186 shares of the company’s stock, valued at approximately $769,221.18. This trade represents a 14.96% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 51.53% of the stock is owned by insiders.

Institutional Trading of Galaxy Digital

Several institutional investors have recently modified their holdings of GLXY. Triumph Capital Management raised its position in shares of Galaxy Digital by 13.2% during the second quarter. Triumph Capital Management now owns 4,893 shares of the company’s stock worth $134,000 after acquiring an additional 572 shares during the last quarter. Private Advisor Group LLC raised its holdings in Galaxy Digital by 6.9% during the 1st quarter. Private Advisor Group LLC now owns 10,108 shares of the company’s stock worth $186,000 after purchasing an additional 655 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Galaxy Digital by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,976 shares of the company’s stock worth $546,000 after purchasing an additional 994 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital in the 2nd quarter worth approximately $30,000. Finally, RFG Advisory LLC lifted its position in shares of Galaxy Digital by 2.7% in the 1st quarter. RFG Advisory LLC now owns 45,933 shares of the company’s stock worth $847,000 after purchasing an additional 1,205 shares during the period.

Analyst Ratings Changes

Several brokerages have recently weighed in on GLXY. Piper Sandler dropped their price objective on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday. Chardan Capital restated a “buy” rating and set a $35.00 price objective on shares of Galaxy Digital in a report on Wednesday, August 5th. Citigroup raised Galaxy Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $28.00 in a research report on Tuesday, October 13th. BTIG Research lowered their target price on Galaxy Digital from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities dropped their price target on Galaxy Digital from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Galaxy Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

View Our Latest Analysis on Galaxy Digital

Galaxy Digital Price Performance

Galaxy Digital stock traded up $1.10 during trading hours on Wednesday, reaching $16.86. 3,324,206 shares of the stock were exchanged, compared to its average volume of 6,317,934. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. The company has a market cap of $6.59 billion, a P/E ratio of -25.98 and a beta of 5.11. The stock has a 50 day moving average of $22.74 and a two-hundred day moving average of $25.02. Galaxy Digital has a twelve month low of $15.03 and a twelve month high of $41.47.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.27. The firm had revenue of $8.71 billion during the quarter. Galaxy Digital had a negative return on equity of 6.25% and a negative net margin of 0.75%. During the same quarter in the previous year, the company earned $0.08 earnings per share. Equities analysts expect that Galaxy Digital will post -0.71 EPS for the current fiscal year.

Galaxy Digital Company Profile

(Get Free Report)

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.