Galaxy Digital Holdings Insiders Sold US$11m Of Shares Suggesting Hesitancy

In the last year, many Galaxy Digital Holdings Ltd. (TSE:GLXY) insiders sold a substantial stake in the company which may have sparked shareholders' attention. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

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Galaxy Digital Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the President, Christopher Ferraro, for CA$2.6m worth of shares, at about CA$18.72 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$16.45. So it is hard to draw any strong conclusion from it.

In the last year Galaxy Digital Holdings insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Galaxy Digital Holdings

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Insider Ownership Of Galaxy Digital Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 1.5% of Galaxy Digital Holdings shares, worth about CA$82m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Galaxy Digital Holdings Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Galaxy Digital Holdings shares in the last quarter. Our analysis of Galaxy Digital Holdings insider transactions leaves us cautious. But we do like the fact that insiders own a fair chunk of the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Galaxy Digital Holdings. For example - Galaxy Digital Holdings has 1 warning sign we think you should be aware of.

But note: Galaxy Digital Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.