Galaxy Digital (NASDAQ:GLXY) Shares Gap Up on Insider Buying Activity

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $16.84, but opened at $19.63. Galaxy Digital shares last traded at $19.16, with a volume of 2,265,703 shares traded.

Specifically, Director Douglas R. Deason purchased 25,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $20.80 per share, for a total transaction of $520,000.00. Following the acquisition, the director directly owned 59,000 shares of the company’s stock, valued at $1,227,200. This represents a 73.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GLXY shares. Citigroup began coverage on shares of Galaxy Digital in a report on Tuesday, December 9th. They set an “outperform” rating on the stock. Benchmark increased their price target on shares of Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Cantor Fitzgerald lowered their price objective on shares of Galaxy Digital from $53.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley dropped their price objective on Galaxy Digital from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Galaxy Digital from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.23.

Key Stories Impacting Galaxy Digital

Here are the key news stories impacting Galaxy Digital this week:

• Positive Sentiment: Board approved a share repurchase program authorizing up to $200 million of Class A common stock over the next 12 months (open‑market or negotiated buys; Nasdaq purchases capped at ~5% of outstanding shares; program can be suspended). This buyback is the primary catalyst for today’s upside as investors view it as a signal of confidence and a way to support the stock. Galaxy approves buyback
• Positive Sentiment: Director Douglas Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake materially — an insider buy that supports management confidence in the outlook. SEC Form 4
• Positive Sentiment: HC Wainwright raised several 2026 quarterly estimates (Q2–Q4) and trimmed FY2026 losses slightly while maintaining a Buy rating and $40 target — a sign of improving medium‑term profit expectations. HC Wainwright note
• Positive Sentiment: BTIG and other brokers reiterated Buy/Outperform stances, providing continued institutional support that helps underpin sentiment if buyback execution continues. BTIG reiterates Buy
• Neutral Sentiment: Consensus broker view still sits around “Moderate Buy” with a range of price targets; this mixed but generally favorable coverage tempers volatility but leaves upside dependent on execution and crypto market moves. Consensus recommendation
• Neutral Sentiment: Morgan Stanley trimmed its price target (reported as lower than earlier) but left an overweight stance — a moderate signal that helps relative positioning but reduces some upside from higher targets. Morgan Stanley coverage
• Negative Sentiment: Galaxy reported a $482 million net loss in Q4 2025 and missed revenue expectations, which sparked earlier heavy selling and remains a core reason for near‑term downside risk and analyst forecast trimming. Q4 loss report
• Negative Sentiment: Several analysts cut near‑term forecasts after the Q4 results and some commentary remains pessimistic about short‑term earnings and crypto market dependency, which could re‑pressure the stock if buybacks or crypto prices disappoint. Analyst forecast cuts

Galaxy Digital Stock Performance

The stock has a 50 day simple moving average of $26.47 and a 200 day simple moving average of $29.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.72 billion and a price-to-earnings ratio of 16.47.

Galaxy Digital (NASDAQ:GLXY) last announced its earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, beating the consensus estimate of ($1.24) by $0.16. The company had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $13.08 billion.

Institutional Trading of Galaxy Digital

Hedge funds have recently made changes to their positions in the company. CWM LLC acquired a new stake in Galaxy Digital during the 2nd quarter valued at $26,000. Manchester Capital Management LLC acquired a new stake in shares of Galaxy Digital during the second quarter valued at about $32,000. Centerpoint Advisors LLC acquired a new stake in shares of Galaxy Digital during the second quarter valued at about $33,000. North Star Investment Management Corp. purchased a new stake in shares of Galaxy Digital during the third quarter worth about $34,000. Finally, ORG Partners LLC lifted its stake in shares of Galaxy Digital by 1,110.0% in the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock worth $36,000 after acquiring an additional 888 shares in the last quarter.

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.