Phoenix Financial Ltd. Takes $520,000 Position in Circle Internet Group, Inc. $CRCL

Phoenix Financial Ltd. bought a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the 4th quarter, Holdings Channel reports. The firm bought 6,555 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CRCL. Creative Planning acquired a new position in shares of Circle Internet Group in the second quarter valued at approximately $295,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Circle Internet Group in the second quarter valued at approximately $1,474,000. Invesco Ltd. acquired a new position in shares of Circle Internet Group in the second quarter valued at approximately $47,640,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group in the second quarter valued at approximately $27,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Circle Internet Group in the second quarter valued at approximately $2,649,000.

Analyst Ratings Changes

Several equities analysts have recently commented on CRCL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $101.00 target price on shares of Circle Internet Group in a research report on Tuesday. Freedom Capital raised Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. Compass Point reissued a “sell” rating and set a $77.00 price target (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, February 25th. Finally, Zacks Research raised Circle Internet Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $131.76.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, Director M Michele Burns sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $120.15, for a total value of $1,201,500.00. Following the sale, the director owned 330,206 shares of the company’s stock, valued at approximately $39,674,250.90. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Danita K. Ostling sold 1,200 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $132.06, for a total value of $158,472.00. Following the completion of the sale, the director directly owned 22,590 shares in the company, valued at approximately $2,983,235.40. This represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 618,664 shares of company stock worth $60,410,221. 10.85% of the stock is owned by insiders.

Circle Internet Group Price Performance

Shares of NYSE:CRCL opened at $114.18 on Friday. The company has a market capitalization of $28.18 billion and a P/E ratio of -35.68. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99. The business’s 50 day simple moving average is $106.88 and its 200 day simple moving average is $90.16.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The company had revenue of $694.13 million for the quarter. Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The business’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts anticipate that Circle Internet Group, Inc. will post 0.86 EPS for the current fiscal year.

About Circle Internet Group

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.