Board of Trustees of The Leland Stanford Junior University Acquires Shares of 78,662 Circle Internet Group, Inc. $CRCL

Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 78,662 shares of the company’s stock, valued at approximately $14,261,000. Circle Internet Group comprises about 1.5% of Board of Trustees of The Leland Stanford Junior University’s investment portfolio, making the stock its 8th biggest position.

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

Circle Internet Group Price Performance

CRCL opened at $129.74 on Friday. The firm has a market capitalization of $29.77 billion and a P/E ratio of -10,253.04. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99. The business has a 50 day moving average price of $132.31.

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

Insider Activity at Circle Internet Group

In other news, Director Rajeev V. Date sold 33,400 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $4,244,472.00. Following the completion of the sale, the director owned 248,663 shares in the company, valued at approximately $31,600,094.04. This represents a 11.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Fox-Geen sold 33,608 shares of the stock in a transaction on Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at $36,170,603.35. This trade represents a 10.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 831,014 shares of company stock worth $105,416,046.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer started coverage on Circle Internet Group in a research note on Friday, September 12th. They issued a “market perform” rating for the company. JMP Securities started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They issued a “market perform” rating for the company. Citizens Jmp started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They issued a “market perform” rating for the company. Wells Fargo & Company started coverage on Circle Internet Group in a research note on Tuesday. They issued an “overweight” rating and a $160.00 target price for the company. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $247.00 price target on shares of Circle Internet Group in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and a consensus target price of $165.14.

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.