170,358 Shares in Galaxy Digital Inc. $GLXY Purchased by Thames Capital Management LLC

Thames Capital Management LLC acquired a new position in Galaxy Digital Inc. (NASDAQ:GLXY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 170,358 shares of the company’s stock, valued at approximately $5,760,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GLXY. CWM LLC bought a new position in shares of Galaxy Digital during the second quarter worth approximately $26,000. Manchester Capital Management LLC acquired a new stake in Galaxy Digital during the second quarter worth approximately $32,000. Centerpoint Advisors LLC bought a new position in Galaxy Digital during the 2nd quarter worth $33,000. DHJJ Financial Advisors Ltd. acquired a new position in Galaxy Digital in the 2nd quarter valued at $34,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Galaxy Digital during the 3rd quarter valued at $34,000.

Analysts Set New Price Targets

A number of research firms recently commented on GLXY. JMP Securities set a $60.00 price target on Galaxy Digital in a research note on Tuesday, December 9th. Rosenblatt Securities boosted their target price on shares of Galaxy Digital from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Galaxy Digital in a research report on Monday, December 29th. BTIG Research boosted their price objective on shares of Galaxy Digital from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Finally, Citizens Jmp began coverage on Galaxy Digital in a report on Tuesday, December 9th. They issued a “market outperform” rating and a $60.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Galaxy Digital currently has a consensus rating of “Buy” and an average target price of $46.00.

Galaxy Digital Stock Performance

NASDAQ GLXY opened at $31.99 on Friday. The firm’s fifty day moving average price is $26.00 and its two-hundred day moving average price is $28.57. The stock has a market cap of $12.50 billion and a PE ratio of 26.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.35. Galaxy Digital Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.74. The firm had revenue of $28.40 billion for the quarter, compared to the consensus estimate of $19.85 billion. During the same quarter in the prior year, the firm earned ($0.16) EPS.

Insider Buying and Selling at Galaxy Digital

In other Galaxy Digital news, Director Douglas R. Deason acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $29.59 per share, for a total transaction of $295,900.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $295,900. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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.