Arizona State Retirement System Makes New $1.70 Million Investment in Galaxy Digital Inc. $GLXY

Arizona State Retirement System purchased a new position in shares of Galaxy Digital Inc. (NASDAQ:GLXY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,149 shares of the company’s stock, valued at approximately $1,696,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLXY. Balyasny Asset Management L.P. acquired a new position in shares of Galaxy Digital during the 2nd quarter valued at about $113,435,000. Invesco Ltd. acquired a new stake in shares of Galaxy Digital in the second quarter valued at $53,233,000. Tidal Investments LLC acquired a new position in Galaxy Digital in the 2nd quarter valued at about $48,452,000. Geode Capital Management LLC acquired a new position in shares of Galaxy Digital in the second quarter valued at approximately $43,525,000. Finally, Marshall Wace LLP acquired a new position in shares of Galaxy Digital in the second quarter worth $35,568,000.

Insider Transactions at Galaxy Digital

In related news, Director Douglas R. Deason bought 25,000 shares of Galaxy Digital stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average price of $20.80 per share, with a total value of $520,000.00. Following the purchase, the director owned 59,000 shares in the company, valued at $1,227,200. This represents a 73.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

More Galaxy Digital News

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

• Positive Sentiment: Director Douglas R. Deason purchased 25,000 shares (~$520k at ~$20.80), increasing his stake ~73.5% — an insider buy that signals confidence from management-level ownership. SEC Form 4
• Positive Sentiment: BTIG reiterated a “Buy” rating on GLXY, supporting demand from some institutional investors. BTIG Reiterates Buy
• Positive Sentiment: Citizens Jmp reaffirmed a “market outperform” rating with a $60 price target, highlighting that some brokers still see sizable upside vs. current levels. Citizens Jmp $60 PT
• Neutral Sentiment: Morgan Stanley cut its price target to $36 from $43 but maintained an “overweight” rating — a mixed signal (downgraded target, but positive view). Morgan Stanley PT Cut
• Neutral Sentiment: HC Wainwright trimmed its price target to $40 (from $45) but kept a “buy” rating, leaving upside in models but reducing near-term valuations. HC Wainwright PT Lowered
• Negative Sentiment: Galaxy reported a $482M net loss in Q4 2025 and missed revenue expectations (reported $10.37B vs. $13.08B consensus). The sizable loss and revenue shortfall are the primary catalysts for today’s selloff. Q4 Net Loss Report
• Negative Sentiment: Multiple analysts cut forecasts after the quarter and media coverage highlighted a sharp post-earnings share drop, reinforcing negative sentiment and heavier trading. Analysts Cut Forecasts

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GLXY shares. Morgan Stanley decreased their price objective on Galaxy Digital from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Galaxy Digital in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Galaxy Digital in a research report on Friday, January 30th. JMP Securities set a $60.00 price objective on shares of Galaxy Digital in a research report on Tuesday, December 9th. Finally, HC Wainwright lowered their target price on Galaxy Digital from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.23.

Galaxy Digital Trading Down 16.5%

Shares of Galaxy Digital stock opened at $16.84 on Friday. The company has a 50-day moving average of $26.61 and a two-hundred day moving average of $29.32. The stock has a market cap of $6.58 billion and a PE ratio of 14.03. Galaxy Digital Inc. has a 12-month low of $8.20 and a 12-month high of $45.92. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.36.

Galaxy Digital (NASDAQ:GLXY) last posted its earnings results on Tuesday, February 3rd. The company reported ($1.08) earnings per share for the quarter, beating the consensus estimate of ($1.24) by $0.16. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $13.08 billion.

Galaxy Digital 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.