Fourth Dimension Wealth LLC Invests $157,000 in Circle Internet Group, Inc. $CRCL

Fourth Dimension Wealth LLC purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 867 shares of the company’s stock, valued at approximately $157,000.

Several other large investors have also modified their holdings of the stock. ARK Investment Management LLC bought a new position in Circle Internet Group during the 2nd quarter worth approximately $530,165,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Circle Internet Group during the 2nd quarter worth approximately $61,650,000. Liberty Street Advisors Inc. bought a new position in Circle Internet Group during the 2nd quarter worth approximately $52,610,000. Rheos Capital Works Inc. bought a new position in Circle Internet Group during the second quarter worth $45,323,000. Finally, Jennison Associates LLC bought a new position in Circle Internet Group during the second quarter worth $24,805,000.

Insider Activity

In related news, Director Rajeev V. Date sold 33,400 shares of Circle Internet Group stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $4,244,472.00. Following the sale, the director directly owned 248,663 shares in the company, valued at $31,600,094.04. The trade was a 11.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikhil Chandhok sold 50,000 shares of Circle Internet Group stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $6,354,000.00. Following the sale, the insider owned 530,803 shares in the company, valued at approximately $67,454,445.24. This represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 831,014 shares of company stock worth $105,416,046 over the last ninety days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JMP Securities started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Circle Internet Group from $89.00 to $93.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Rothschild & Co Redburn started coverage on shares of Circle Internet Group in a report on Friday, October 3rd. They issued a “neutral” rating and a $136.00 target price on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $247.00 target price on shares of Circle Internet Group in a report on Thursday, September 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Circle Internet Group in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.43.

Circle Internet Group Stock Performance

Shares of NYSE:CRCL opened at $113.59 on Thursday. The firm has a 50-day moving average price of $131.01. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($4.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($4.82). The firm had revenue of $658.08 million during the quarter, compared to the consensus estimate of $645.35 million. The company’s revenue was up 53.0% on a year-over-year basis.

About Circle Internet Group

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.