Leonteq Securities AG Lowers Stock Holdings in Circle Internet Group, Inc. $CRCL

Leonteq Securities AG cut its holdings in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 53.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 40,955 shares of the company’s stock after selling 46,208 shares during the quarter. Leonteq Securities AG’s holdings in Circle Internet Group were worth $3,908,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. General Catalyst Group Management LLC acquired a new stake in Circle Internet Group in the 2nd quarter worth about $3,647,694,000. Marshall Wace LLP increased its stake in shares of Circle Internet Group by 23.8% during the 4th quarter. Marshall Wace LLP now owns 9,978,729 shares of the company’s stock valued at $791,313,000 after acquiring an additional 1,919,205 shares during the last quarter. IDG Accel China Capital II Associates L.P. purchased a new position in shares of Circle Internet Group during the 4th quarter worth about $554,792,000. Accel XI Associates L.L.C. purchased a new position in shares of Circle Internet Group during the 4th quarter worth about $513,844,000. Finally, Vanguard Group Inc. boosted its position in shares of Circle Internet Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company’s stock worth $448,292,000 after acquiring an additional 74,414 shares during the last quarter.

Key Stories Impacting Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle completed a second ARC token presale, which may indicate continued progress on its crypto product expansion. Circle Internet Group completes second ARC token presale
• Neutral Sentiment: Some analysts still see meaningful upside for Circle, with comments that the stock remains attractive relative to long-term sales growth even after the recent selloff.
• Neutral Sentiment: Susquehanna and Compass Point initiated or reiterated neutral views, suggesting the market is still weighing Circle’s growth potential against valuation and regulatory/competitive risks.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, a large reduction that can weigh on sentiment even though it was disclosed as Rule 10b5-1 activity.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing concerns that company insiders are trimming exposure while the stock is under pressure.
• Negative Sentiment: Reports about rising stablecoin competition and Visa’s Open USD push are making investors question whether Circle’s stablecoin economics and long-term competitive advantage are at risk.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRCL shares. Compass Point upgraded shares of Circle Internet Group from a “sell” rating to a “neutral” rating and lowered their target price for the company from $97.00 to $55.00 in a report on Tuesday. Freedom Capital raised shares of Circle Internet Group to a “hold” rating in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 16th. Finally, Wells Fargo & Company upped their price objective on Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Circle Internet Group currently has a consensus rating of “Hold” and a consensus target price of $117.38.

Insider Buying and Selling

In other news, insider Hossein Razzaghi sold 1,831 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total value of $117,916.40. Following the transaction, the insider owned 662,856 shares of the company’s stock, valued at approximately $42,687,926.40. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Patrick Sean Neville sold 50,000 shares of Circle Internet Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $62.65, for a total transaction of $3,132,500.00. Following the transaction, the director owned 2,018 shares in the company, valued at $126,427.70. The trade was a 96.12% decrease in their position. 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. Over the last ninety days, insiders have sold 1,901,114 shares of company stock valued at $153,007,135. 10.85% of the stock is owned by corporate insiders.

Circle Internet Group Stock Performance

CRCL opened at $64.56 on Friday. The firm has a 50 day moving average price of $95.51 and a 200 day moving average price of $89.23. The company has a market cap of $16.05 billion and a PE ratio of -20.17. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $262.97.

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