Gainplan LLC Takes Position in Circle Internet Group, Inc. $CRCL

Gainplan LLC bought a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $906,000. Circle Internet Group makes up 0.4% of Gainplan LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors have also modified their holdings of the stock. Franchise Capital Ltd acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $1,813,000. Hennessy Advisors Inc. acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $36,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $5,330,000. EWA LLC acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $279,000. Finally, PFG Investments LLC acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $579,000.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 260,374 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $33,088,327.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Allaire sold 357,812 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $45,470,748.96. The disclosure for this sale can be found here. Insiders have sold 831,014 shares of company stock worth $105,416,046 in the last quarter.

Circle Internet Group Trading Up 0.2%

NYSE CRCL opened at $148.87 on Wednesday. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99. The company has a market cap of $34.16 billion and a PE ratio of -11,764.74. The stock has a 50-day moving average price of $139.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRCL. Seaport Res Ptn upgraded shares of Circle Internet Group to a “strong-buy” rating in a research note on Friday, June 20th. JMP Securities initiated coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. Compass Point downgraded shares of Circle Internet Group from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $205.00 to $130.00 in a research report on Monday, July 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a research report on Saturday, September 27th. Finally, Citizens Jmp initiated coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and a consensus target price of $165.54.

Circle Internet Group Company Profile

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.