Galaxy Digital (NASDAQ:GLXY) CEO Purchases 760,000 Shares of Stock

Posted by Brenda Bartman on Nov 5th, 2026

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) CEO Michael Novogratz acquired 760,000 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $12.98 per share, for a total transaction of $9,864,800.00. Following the acquisition, the chief executive officer directly owned 760,000 shares of the company’s stock, valued at $9,864,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Galaxy Digital Price Performance

NASDAQ:GLXY traded down $0.99 during trading hours on Thursday, hitting $12.98. The company’s stock had a trading volume of 17,458,053 shares, compared to its average volume of 6,540,083. Galaxy Digital Inc. has a 52-week low of $11.78 and a 52-week high of $36.10. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.50 and a current ratio of 1.50. The business’s 50-day moving average is $21.33 and its two-hundred day moving average is $24.01. The company has a market capitalization of $5.07 billion, a PE ratio of -12.98 and a beta of 5.38.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.29 by $0.54. The company had revenue of $8.69 billion for the quarter. Galaxy Digital had a negative net margin of 0.89% and a negative return on equity of 10.30%. As a group, research analysts anticipate that Galaxy Digital Inc. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Galaxy Digital during the 2nd quarter valued at about $30,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Galaxy Digital during the third quarter valued at approximately $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Galaxy Digital during the third quarter worth $37,000. Hollencrest Capital Management boosted its stake in shares of Galaxy Digital by 204.0% in the first quarter. Hollencrest Capital Management now owns 2,584 shares of the company’s stock valued at $48,000 after purchasing an additional 1,734 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in Galaxy Digital by 496.0% during the 3rd quarter. CoreCap Advisors LLC now owns 2,211 shares of the company’s stock valued at $50,000 after purchasing an additional 1,840 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on GLXY shares. Piper Sandler dropped their target price on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price target on shares of Galaxy Digital in a report on Wednesday, October 28th. Chardan Capital reaffirmed a “buy” rating and set a $35.00 price target on shares of Galaxy Digital in a research note on Tuesday, October 27th. Zacks Research raised Galaxy Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Finally, Maxim Group decreased their target price on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Galaxy Digital currently has a consensus rating of “Moderate Buy” and an average target price of $35.29.

Read Our Latest Report on Galaxy Digital

About Galaxy Digital

(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.