Galaxy Digital (NASDAQ:GLXY) Trading Down 8.2% – Here’s Why

15 Dec 2025, 15:48 by Teresa Graham · The Cerbat Gem

Shares of Galaxy Digital Inc. (NASDAQ:GLXY – Get Free Report) fell 8.2% on Monday . The company traded as low as $24.41 and last traded at $24.55. 6,086,413 shares were traded during mid-day trading, an increase of 16% from the average session volume of 5,248,969 shares. The stock had previously closed at $26.75.

Wall Street Analysts Forecast Growth

GLXY has been the subject of a number of recent research reports. Citigroup began coverage on shares of Galaxy Digital in a research report on Tuesday, December 9th. They issued an “outperform” rating for the company. BTIG Research raised their target price on shares of Galaxy Digital from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Canaccord Genuity Group upped their price target on Galaxy Digital from $34.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Piper Sandler increased their price target on Galaxy Digital from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Benchmark boosted their price objective on Galaxy Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $46.00.

Get Our Latest Analysis on Galaxy Digital

Galaxy Digital Stock Down 7.6%

The stock has a market capitalization of $9.66 billion and a price-to-earnings ratio of 20.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average of $32.34 and a 200 day moving average of $27.78.

Insider Activity

In other news, CEO Michael Novogratz sold 3,000,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $36.00, for a total transaction of $108,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas R. Deason acquired 10,000 shares of Galaxy Digital stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $295,900. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On Galaxy Digital

Several large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL increased its holdings in Galaxy Digital by 239.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 12,181 shares of the company’s stock valued at $412,000 after purchasing an additional 8,588 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Galaxy Digital by 40.6% during the third quarter. IFP Advisors Inc now owns 5,388 shares of the company’s stock worth $182,000 after buying an additional 1,555 shares during the period. Swiss Life Asset Management Ltd acquired a new position in Galaxy Digital during the 3rd quarter worth about $228,000. CIBC Bancorp USA Inc. purchased a new position in Galaxy Digital during the 3rd quarter valued at about $401,000. Finally, Faithward Advisors LLC acquired a new position in Galaxy Digital in the 3rd quarter valued at about $1,664,000.

About Galaxy Digital

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