359,270 Shares in Circle Internet Group, Inc. $CRCL Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 3rd quarter, Holdings Channel reports. The fund acquired 359,270 shares of the company’s stock, valued at approximately $47,614,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CRCL. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group in the third quarter worth about $27,000. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the second quarter worth approximately $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Circle Internet Group during the third quarter valued at approximately $32,000. Montag A & Associates Inc. bought a new stake in shares of Circle Internet Group during the third quarter valued at approximately $33,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Circle Internet Group during the third quarter valued at approximately $35,000.

Insider Activity at Circle Internet Group

In other news, CEO Jeremy Allaire sold 1,516 shares of Circle Internet Group stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $90.04, for a total transaction of $136,500.64. Following the transaction, the chief executive officer owned 66,378 shares in the company, valued at $5,976,675.12. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rajeev V. Date sold 23,254 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $89.62, for a total transaction of $2,084,023.48. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 462,567 shares of company stock valued at $43,969,052 in the last three months.

Circle Internet Group Stock Performance

Circle Internet Group stock opened at $113.85 on Friday. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99. The stock has a fifty day moving average of $76.78 and a 200 day moving average of $98.20. The stock has a market cap of $26.81 billion and a PE ratio of -61.21.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $770.23 million during the quarter. The business’s revenue was up 76.9% compared to the same quarter last year.

Analyst Upgrades and Downgrades

CRCL has been the topic of several analyst reports. Needham & Company LLC lowered their price objective on Circle Internet Group from $190.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Circle Internet Group from $147.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.47.

Circle Internet Group Profile

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 USD Coin (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.