SG Americas Securities LLC Purchases New Position in Circle Internet Group, Inc. $CRCL

SG Americas Securities LLC acquired a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 98,217 shares of the company’s stock, valued at approximately $17,806,000.

Other institutional investors have also recently made changes to their positions in the company. ARK Investment Management LLC bought a new stake in shares of Circle Internet Group during the second quarter valued at approximately $530,165,000. Huntleigh Advisors Inc. purchased a new position in Circle Internet Group during the second quarter valued at $470,000. Covenant Asset Management LLC bought a new stake in shares of Circle Internet Group during the 2nd quarter valued at $363,000. Yong Rong HK Asset Management Ltd purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth about $19,942,000. Finally, Acorn Financial Advisory Services Inc. ADV purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth about $703,000.

Circle Internet Group Stock Down 0.6%

Shares of NYSE:CRCL opened at $81.82 on Friday. The stock has a 50-day simple moving average of $126.80. 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 announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The company’s quarterly revenue was up 65.9% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They set a “neutral” rating and a $83.00 price target for the company. Wells Fargo & Company dropped their price target on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday. Monness Crespi & Hardt assumed coverage on Circle Internet Group in a report on Monday, November 10th. They issued a “buy” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. raised Circle Internet Group from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $94.00 to $100.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.53.

Insiders Place Their Bets

In other Circle Internet Group news, Director Patrick Sean Neville sold 260,374 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $33,088,327.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rajeev V. Date sold 33,400 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $4,244,472.00. Following the completion of the transaction, the director owned 248,663 shares in the company, valued at approximately $31,600,094.04. This trade represents a 11.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 831,014 shares of company stock worth $105,416,046 in the last 90 days.

Circle Internet Group Company Profile

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.