Galaxy Digital (NASDAQ:GLXY) Shares Gap Up – Here’s What Happened

Posted by George Bondi on Aug 20th, 2026

Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $21.90, but opened at $23.45. Galaxy Digital shares last traded at $23.1780, with a volume of 1,090,018 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler cut their price objective on Galaxy Digital from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Citigroup decreased their target price on shares of Galaxy Digital from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday. Rosenblatt Securities cut their price target on shares of Galaxy Digital from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Chardan Capital restated a “buy” rating and issued a $35.00 price target on shares of Galaxy Digital in a research report on Wednesday, August 5th. Finally, BTIG Research decreased their price objective on shares of Galaxy Digital from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Read Our Latest Stock Analysis on GLXY

Galaxy Digital Stock Up 5.3%

The business’s 50-day moving average price is $25.06 and its 200-day moving average price is $24.50. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $9.01 billion, a PE ratio of -35.47 and a beta of 5.06.

Galaxy Digital (NASDAQ:GLXY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.27. Galaxy Digital had a negative net margin of 0.75% and a negative return on equity of 6.25%. The business had revenue of $8.71 billion during the quarter. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts predict that Galaxy Digital Inc. will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Galaxy Digital

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Galaxy Digital in the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Galaxy Digital by 183.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,434 shares of the company’s stock worth $32,000 after acquiring an additional 928 shares during the period. Picton Mahoney Asset Management lifted its holdings in shares of Galaxy Digital by 200.0% during the 4th quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. Danske Bank A S acquired a new stake in shares of Galaxy Digital during the 4th quarter valued at about $36,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Galaxy Digital in the 4th quarter worth approximately $49,000.

About Galaxy Digital

(Get Free Report)

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.