Facet Wealth Inc. Acquires Shares of 20,039 Galaxy Digital Inc. $GLXY

Facet Wealth Inc. acquired a new stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,039 shares of the company’s stock, valued at approximately $448,000.

A number of other large investors have also added to or reduced their stakes in the stock. CWM LLC raised its stake in Galaxy Digital by 20.8% during the third quarter. CWM LLC now owns 1,419 shares of the company’s stock valued at $48,000 after buying an additional 244 shares during the last quarter. Victory Capital Management Inc. raised its stake in Galaxy Digital by 2.1% during the third quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock valued at $663,000 after buying an additional 411 shares during the last quarter. Belpointe Asset Management LLC raised its stake in Galaxy Digital by 6.8% during the third quarter. Belpointe Asset Management LLC now owns 13,641 shares of the company’s stock valued at $461,000 after buying an additional 867 shares during the last quarter. Raymond James Financial Inc. raised its stake in Galaxy Digital by 6.7% during the third quarter. Raymond James Financial Inc. now owns 13,768 shares of the company’s stock valued at $465,000 after buying an additional 868 shares during the last quarter. Finally, ORG Partners LLC raised its stake in Galaxy Digital by 1,110.0% during the third quarter. ORG Partners LLC now owns 968 shares of the company’s stock valued at $36,000 after buying an additional 888 shares during the last quarter.

Galaxy Digital Stock Down 0.0%

Galaxy Digital stock opened at $26.00 on Monday. The firm has a market cap of $10.12 billion and a price-to-earnings ratio of 216.67. The stock has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $26.31. Galaxy Digital Inc. has a 12 month low of $14.30 and a 12 month high of $45.92. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.80.

Galaxy Digital (NASDAQ:GLXY) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.08) EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $0.16. The business had revenue of $10.22 billion during the quarter, compared to the consensus estimate of $13.08 billion. Equities analysts predict that Galaxy Digital Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Galaxy Digital

In other news, Director Douglas R. Deason acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was bought at an average price of $20.80 per share, with a total value of $520,000.00. Following the completion of the acquisition, the director directly owned 59,000 shares of the company’s stock, valued at approximately $1,227,200. The trade was a 73.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 51.53% of the company’s stock.

Wall Street Analyst Weigh In

GLXY has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research note on Friday. BTIG Research reiterated a “buy” rating and set a $50.00 price objective on shares of Galaxy Digital in a research note on Tuesday, April 14th. Chardan Capital set a $35.00 target price on Galaxy Digital in a report on Monday. Citigroup lifted their target price on Galaxy Digital from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Finally, HC Wainwright reduced their target price on Galaxy Digital from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.43.

About Galaxy Digital

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.