Chilton Capital Management LLC Buys New Stake in Circle Internet Group, Inc. $CRCL

Chilton Capital Management LLC bought a new stake in Circle Internet Group, Inc. (NYSE:CRCL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 218 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $34,000. Hennessy Advisors Inc. purchased a new position in Circle Internet Group during the 2nd quarter worth $36,000. Compagnie Lombard Odier SCmA acquired a new position in Circle Internet Group during the 2nd quarter valued at about $79,000. CWM LLC purchased a new stake in Circle Internet Group in the second quarter valued at about $115,000. Finally, Westbourne Investments Inc. acquired a new stake in Circle Internet Group in the second quarter worth about $204,000.

Circle Internet Group Price Performance

NYSE:CRCL opened at $141.80 on Monday. The firm has a market capitalization of $32.53 billion and a price-to-earnings ratio of -11,205.63. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99. The business has a fifty day simple moving average of $132.16.

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

Insiders Place Their Bets

In other news, CFO Jeremy Fox-Geen sold 33,608 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $121.45, for a total value of $4,081,691.60. Following the sale, the chief financial officer owned 297,823 shares in the company, valued at $36,170,603.35. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikhil Chandhok sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $6,354,000.00. Following the sale, the insider directly owned 530,803 shares in the company, valued at approximately $67,454,445.24. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 831,014 shares of company stock worth $105,416,046.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRCL shares. Compass Point downgraded shares of Circle Internet Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $205.00 to $130.00 in a report on Monday, July 21st. Citigroup started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. William Blair assumed coverage on shares of Circle Internet Group in a report on Tuesday, October 14th. They issued an “outperform” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Circle Internet Group in a report on Monday, September 8th. Finally, Wells Fargo & Company assumed coverage on Circle Internet Group in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group presently has an average rating of “Hold” and an average price target of $165.43.

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.