Galaxy Digital (TSE:GLXY) Trading Up 12.1%

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Galaxy Digital Holdings Ltd. (TSE:GLXYGet Rating)’s stock price was up 12.1% during trading on Wednesday . The stock traded as high as C$6.25 and last traded at C$6.23. Approximately 405,521 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 872,336 shares. The stock had previously closed at C$5.56.

Separately, BTIG Research reissued a “buy” rating and issued a C$37.00 target price on shares of Galaxy Digital in a report on Monday, May 9th.

The firm has a market capitalization of C$697.74 million and a PE ratio of 2.41. The stock’s fifty day simple moving average is C$11.49.

In other Galaxy Digital news, Director Andrew Neal Siegel sold 39,643 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of C$16.00, for a total transaction of C$634,315.75. Following the transaction, the director now owns 139,332 shares of the company’s stock, valued at C$2,229,409.53. Also, Senior Officer Damien Richard Paul Vanderwilt sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of C$17.25, for a total value of C$431,250.00. Insiders sold 70,043 shares of company stock worth $1,157,399 in the last three months.

Galaxy Digital Company Profile (TSE:GLXY)

Galaxy Digital Holdings Ltd., an asset management firm, operates in the digital asset, cryptocurrency, and blockchain technology industry. It operates through five segments: Trading, Principal Investments, Asset Management, Investment Banking, and Mining. The company provides spot, derivate, and financing liquidity to institutional clients, counterparties, and venues that transact in cryptocurrencies and other digital assets; and offers access to traded cryptocurrencies to clients and counterparties across a suite of service offerings, including over-the-counter (OTC) spot liquidity provision, on- exchange liquidity provision, OTC options and trading, and bespoke lending and structured products, as well as engages in the proprietary quantitative, arbitrage, and macro trading strategies.

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