Traders Purchase Large Volume of Galaxy Digital Put Options (NASDAQ:GLXY)

Galaxy Digital Inc. (NASDAQ:GLXY) saw unusually large options trading on Wednesday. Stock investors bought 32,920 put options on the stock. This is an increase of 23% compared to the average volume of 26,753 put options.

Key Galaxy Digital News

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

• Positive Sentiment: Galaxy Digital reported strong third-quarter results, including approximately $323 million in profit, and announced a new share buyback. The results helped revive expectations that the company can return to sustained profitability. Galaxy Digital Stock Rises After Q3 Profit and Buyback
• Positive Sentiment: Galaxy applied for an OCC-regulated national trust bank charter. If approved, Galaxy National Bank could bring its custody, trading, staking and fiduciary services under federal supervision, potentially improving institutional credibility and supporting digital-asset adoption. Galaxy Applies for National Trust Bank Charter
• Positive Sentiment: Canaccord Genuity reaffirmed its Buy rating and set a $50 price target, while HC Wainwright retained a Buy rating. HC Wainwright also substantially improved its earnings forecasts, projecting $0.32 EPS for fiscal 2026 and reducing its fiscal 2027 loss estimate to $0.13 per share from $0.67. Galaxy Digital Earns Buy Rating from Canaccord
• Neutral Sentiment: Galaxy’s quarterly earnings substantially exceeded consensus expectations, but its results remain sensitive to cryptocurrency prices and trading conditions. The company continues to have a negative net margin and analysts still expect a loss for the current fiscal year.
• Negative Sentiment: HC Wainwright lowered its price target from $40 to $36, and BTIG also reduced its expectations. These target cuts may be weighing on sentiment even though the firms remain broadly constructive. HC Wainwright Lowers Galaxy Digital Price Target
• Negative Sentiment: Put-option trading rose well above normal levels, indicating increased hedging or bearish speculation. Shares also remain below their 50-day and 200-day moving averages, suggesting ongoing technical weakness after the earnings rally.

Insider Transactions at Galaxy Digital

In related news, Director Steven Bandrowczak bought 5,100 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $19.63 per share, with a total value of $100,113.00. Following the completion of the transaction, the director owned 39,186 shares of the company’s stock, valued at $769,221.18. The trade was a 14.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas Deason purchased 12,000 shares of Galaxy Digital stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $21.54 per share, with a total value of $258,480.00. Following the completion of the acquisition, the director owned 71,000 shares in the company, valued at approximately $1,529,340. This trade represents a 20.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 51.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GLXY. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Galaxy Digital during the second quarter valued at about $30,000. Reyes Financial Architecture Inc. bought a new stake in Galaxy Digital in the 3rd quarter valued at about $30,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Galaxy Digital during the 3rd quarter worth approximately $37,000. CoreCap Advisors LLC raised its stake in Galaxy Digital by 496.0% during the 3rd quarter. CoreCap Advisors LLC now owns 2,211 shares of the company’s stock worth $50,000 after buying an additional 1,840 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Galaxy Digital by 1,160.8% in the third quarter. GAMMA Investing LLC now owns 2,345 shares of the company’s stock worth $53,000 after acquiring an additional 2,159 shares in the last quarter.

Galaxy Digital Stock Down 5.0%

GLXY stock opened at $18.13 on Friday. The company has a market cap of $7.09 billion, a PE ratio of -18.13 and a beta of 5.11. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. Galaxy Digital has a 52 week low of $14.19 and a 52 week high of $36.88. The business has a 50-day simple moving average of $21.99 and a 200 day simple moving average of $24.26.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.54. Galaxy Digital had a negative net margin of 0.89% and a negative return on equity of 10.30%. The company had revenue of $8.69 billion during the quarter. Sell-side analysts anticipate that Galaxy Digital will post -0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLXY shares. HC Wainwright cut their price target on Galaxy Digital from $40.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Galaxy Digital in a research report on Wednesday. Morgan Stanley reduced their price target on Galaxy Digital from $48.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Piper Sandler decreased their target price on shares of Galaxy Digital from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Finally, Maxim Group cut their price target on shares of Galaxy Digital from $46.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.29.

About Galaxy Digital

Galaxy Digital is a financial services and investment management company focused on digital assets and blockchain technology. Founded in 2018 by Michael Novogratz, the company provides institutional investors, corporations and other market participants with services spanning trading, asset management, investment banking, principal investments and venture capital.

Its offerings include spot and derivatives trading, lending and structured products, digital-asset funds and separately managed accounts, as well as advisory services for mergers, acquisitions, capital raising and other strategic transactions.