Circle Internet Group, Inc. $CRCL Shares Purchased by Diversified Trust Co

by · The Cerbat Gem

Diversified Trust Co lifted its holdings in Circle Internet Group, Inc. (NYSE:CRCL – Free Report) by 210.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 11,907 shares of the company’s stock after buying an additional 8,074 shares during the quarter. Diversified Trust Co’s holdings in Circle Internet Group were worth $1,136,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CRCL. Vanguard Group Inc. lifted its position in shares of Circle Internet Group by 61.6% during the third quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after purchasing an additional 2,126,072 shares in the last quarter. Travelers Companies Inc. bought a new position in shares of Circle Internet Group during the fourth quarter worth about $9,557,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Circle Internet Group by 98.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company’s stock worth $204,252,000 after buying an additional 1,276,310 shares during the last quarter. Alberta Investment Management Corp bought a new position in Circle Internet Group during the fourth quarter worth $25,027,000. Finally, Amova Asset Management Americas Inc. boosted its holdings in Circle Internet Group by 222.1% in the third quarter. Amova Asset Management Americas Inc. now owns 1,294,079 shares of the company’s stock worth $171,453,000 after purchasing an additional 892,359 shares during the period.

Insider Buying and Selling at Circle Internet Group

In other news, insider Nikhil Chandhok sold 26,666 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $83.75, for a total value of $2,233,277.50. Following the transaction, the insider directly owned 521,809 shares of the company’s stock, valued at approximately $43,701,503.75. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Heath Tarbert sold 39,240 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $81.47, for a total value of $3,196,882.80. Following the completion of the transaction, the president directly owned 502,558 shares in the company, valued at approximately $40,943,400.26. The trade was a 7.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,405,984 shares of company stock worth $118,860,837 over the last 90 days. 10.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on CRCL shares. Mizuho lowered their target price on shares of Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Freedom Capital upgraded Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. Wells Fargo & Company lifted their price target on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $134.18.

Read Our Latest Research Report on CRCL

Circle Internet Group Stock Down 5.7%

Shares of Circle Internet Group stock opened at $75.36 on Wednesday. The stock has a market cap of $18.73 billion and a PE ratio of -23.55. The business has a fifty day simple moving average of $100.43 and a 200-day simple moving average of $90.13. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $265.00.

Circle Internet Group (NYSE:CRCL – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The business had revenue of $694.13 million for the quarter. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Analysts expect that Circle Internet Group, Inc. will post 1.02 EPS for the current fiscal year.

Circle Internet Group Profile

(Free Report)

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

Further Reading

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