Galaxy Digital (GLXY) is up 9.6% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely catalyst is Galaxy’s third-quarter 2026 results, which showed a swing back to profitability, much stronger adjusted EBITDA, and a new $200 million share repurchase authorization. Investors also appear to be responding to stronger contributions from the company’s digital assets, investments, and data center businesses, which together suggest improving operating momentum. ([investor.galaxy.com](https://investor.galaxy.com/static-files/55b15032-edcb-42e4-a9b0-687d9b0c91e6))
Details:
Sources:
Galaxy Digital, SEC, Yahoo Finance
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$GLXY Insider Trading Activity
$GLXY insiders have traded $GLXY stock on the open market 10 times in the past 6 months. Of those trades, 2 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $GLXY stock by insiders over the last 6 months:
- MICHAEL D DAFFEY has made 0 purchases and 4 sales selling 500,000 shares for an estimated $14,412,408.
- ROBERT DANIEL RICO (Chief Accounting Officer) has made 0 purchases and 3 sales selling 47,095 shares for an estimated $1,429,900.
- DOUGLAS R DEASON purchased 12,000 shares for an estimated $258,432
- MATTHEW W. FRIEDRICH (Chief Legal Officer) sold 4,993 shares for an estimated $134,960
- STEVEN JOHN BANDROWCZAK purchased 5,100 shares for an estimated $100,113
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GLXY Hedge Fund Activity
We have seen 199 institutional investors add shares of $GLXY stock to their portfolio, and 125 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- D. E. SHAW & CO., INC. added 5,858,804 shares (+5465.7%) to their portfolio in Q2 2026, for an estimated $160,179,701
- FMR LLC removed 4,404,614 shares (-21.1%) from their portfolio in Q2 2026, for an estimated $120,422,146
- BLACKROCK, INC. added 4,038,472 shares (+69.8%) to their portfolio in Q2 2026, for an estimated $110,411,824
- JANE STREET GROUP, LLC added 3,739,712 shares (+250.3%) to their portfolio in Q2 2026, for an estimated $102,243,726
- ALYESKA INVESTMENT GROUP, L.P. removed 3,012,625 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $82,365,167
- RUBRIC CAPITAL MANAGEMENT LP added 2,343,169 shares (+inf%) to their portfolio in Q2 2026, for an estimated $64,062,240
- POINT72 ASSET MANAGEMENT, L.P. removed 1,762,436 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $48,185,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$GLXY Price Targets
Multiple analysts have issued price targets for $GLXY recently. We have seen 3 analysts offer price targets for $GLXY in the last 6 months, with a median target of $35.0.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $50.0 on 05/21/2026
- Bill Papanastasiou from Chardan Capital set a target price of $35.0 on 05/04/2026
- Brett Knoblauch from Cantor Fitzgerald set a target price of $30.0 on 05/01/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
