95,534 Shares in Circle Internet Group, Inc. $CRCL Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,534 shares of the company’s stock, valued at approximately $9,115,000.

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

Insider Activity

In other Circle Internet Group news, CEO Jeremy Allaire sold 56,200 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $82.93, for a total value of $4,660,666.00. Following the sale, the chief executive officer directly owned 510,579 shares of the company’s stock, valued at $42,342,316.47. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Hossein Razzaghi sold 34,623 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $78.85, for a total value of $2,730,023.55. Following the completion of the sale, the insider owned 666,404 shares in the company, valued at $52,545,955.40. The trade was a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,896,902 shares of company stock worth $152,616,477 over the last 90 days. Insiders own 10.85% of the company’s stock.

Circle Internet Group Stock Down 0.1%

Shares of NYSE CRCL opened at $64.56 on Monday. The firm’s 50-day moving average price is $94.71 and its two-hundred day moving average price is $89.15. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $262.97. The stock has a market capitalization of $16.05 billion and a P/E ratio of -20.17.

Circle Internet Group (NYSE:CRCL) last posted its 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 company had revenue of $694.13 million for the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. Circle Internet Group’s revenue for the quarter was up 20.0% compared to the same quarter last year. As a group, equities research analysts expect that Circle Internet Group, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CRCL shares. Weiss Ratings reissued a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. Compass Point upgraded Circle Internet Group from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $97.00 to $55.00 in a research report on Tuesday, June 30th. Wells Fargo & Company boosted their price target on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $101.00 price objective on shares of Circle Internet Group in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $117.38.

Circle Internet Group News Roundup

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

• Positive Sentiment: Circle completed its second ARC token presale, suggesting continued progress in expanding its crypto product lineup and monetization efforts. Circle Internet Group completes second ARC token presale
• Positive Sentiment: Bernstein reportedly initiated a Buy rating, and some analysts still see upside tied to Circle’s long-term stablecoin growth story.
• Neutral Sentiment: Susquehanna upgraded CRCL to Hold, indicating the market is still balancing growth potential against valuation and competitive risks.
• Neutral Sentiment: Circle’s recent earnings showed revenue growth of 20% year over year, but EPS missed estimates, keeping investors cautious about profitability execution.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, adding to concerns after multiple insider sales.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing worries that executives may be trimming exposure while the stock is weak.
• Negative Sentiment: Reports that Visa is pushing Open USD and that stablecoin competition is increasing are pressuring sentiment by raising questions about Circle’s long-term market share and pricing power. Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure

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 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.