Galaxy Digital (TSE:GLXY) Stock Price Up 6.2%

Galaxy Digital Holdings Ltd. (TSE:GLXY)’s share price traded up 6.2% during trading on Monday . The company traded as high as C$16.77 and last traded at C$16.58. 138,653 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 876,540 shares. The stock had previously closed at C$15.61.

Analysts Set New Price Targets

Separately, ATB Capital raised their target price on Galaxy Digital from C$17.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th.

Galaxy Digital Stock Up 15.1 %

The firm has a market capitalization of C$2.22 billion, a P/E ratio of 2.76 and a beta of 3.21. The business’s 50 day moving average is C$14.89 and its two-hundred day moving average is C$13.03.

Insider Buying and Selling

In related news, Director Andrew Neal Siegel sold 111,668 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$14.43, for a total value of C$1,611,402.74. In other Galaxy Digital news, Director Andrew Neal Siegel sold 111,668 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$14.43, for a total value of C$1,611,402.74. Also, Director Francesca Don Angelo sold 10,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$15.00, for a total transaction of C$150,000.00. Insiders sold 161,668 shares of company stock valued at $2,394,023 over the last 90 days. 1.98% of the stock is currently owned by company insiders.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. engages in the digital asset and blockchain businesses. It operates through three segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. The company provides various financial products and services to individuals and institutions, such as digital asset trading, derivatives, structured products, financing, capital markets, and merger and acquisition services, digital asset spot and derivatives trading, bespoke lending and structured products.