Galaxy Digital (NASDAQ:GLXY) Now Covered by Analysts at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Galaxy Digital (NASDAQ:GLXY) in a report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $25.00 price target on the stock.

Several other brokerages also recently weighed in on GLXY. HC Wainwright upgraded Galaxy Digital to a “strong-buy” rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Galaxy Digital to a “sell” rating in a report on Saturday, May 24th. Finally, Atb Cap Markets upgraded Galaxy Digital to a “strong-buy” rating in a research note on Tuesday, May 20th.

Galaxy Digital Trading Up 6.7%

GLXY stock opened at $19.71 on Tuesday. Galaxy Digital has a one year low of $6.89 and a one year high of $26.60.

Insiders Place Their Bets

In related news, CEO Michael Novogratz sold 4,380,967 shares of Galaxy Digital stock in a transaction on Monday, June 9th. The shares were sold at an average price of $18.10, for a total value of $79,295,502.70. Following the sale, the chief executive officer now owns 348,921 shares of the company’s stock, valued at approximately $6,315,470.10. This trade represents a 92.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew N. Siegel sold 223,169 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $18.10, for a total transaction of $4,039,358.90. Following the completion of the transaction, the general counsel now directly owns 479,896 shares in the company, valued at $8,686,117.60. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,668,671 shares of company stock worth $175,359,900.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.