Galaxy Digital (NASDAQ:GLXY) Insider Sells $22,625,000.00 in Stock

Galaxy Digital (NASDAQ:GLXY) insider Christopher C. Ferraro sold 1,250,000 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $18.10, for a total value of $22,625,000.00. Following the completion of the transaction, the insider now directly owns 1,437,921 shares of the company’s stock, valued at approximately $26,026,370.10. The trade was a 46.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Galaxy Digital Price Performance

Shares of GLXY opened at $19.13 on Wednesday. Galaxy Digital has a 52 week low of $17.99 and a 52 week high of $26.60.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GLXY. Wall Street Zen raised Galaxy Digital to a “sell” rating in a research report on Saturday, May 24th. HC Wainwright raised Galaxy Digital to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Atb Cap Markets raised Galaxy Digital to a “strong-buy” rating in a research report on Tuesday, May 20th.

About Galaxy Digital

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.