24,500 Shares in Circle Internet Group, Inc. $CRCL Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund bought a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the 3rd quarter, HoldingsChannel reports. The fund bought 24,500 shares of the company’s stock, valued at approximately $3,248,000.

A number of other institutional investors also recently added to or reduced their stakes in CRCL. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the second quarter worth $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group in the third quarter worth about $27,000. Highline Wealth Partners LLC bought a new position in Circle Internet Group in the 3rd quarter valued at about $32,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Circle Internet Group during the 3rd quarter valued at about $35,000. Finally, Allworth Financial LP bought a new stake in shares of Circle Internet Group during the 2nd quarter worth about $37,000.

Wall Street Analyst Weigh In

CRCL has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Circle Internet Group from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $94.00 to $100.00 in a report on Thursday, November 13th. Mizuho set a $77.00 price target on Circle Internet Group and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, January 21st. The Goldman Sachs Group raised their target price on Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company lowered their target price on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $132.35.

Insider Activity at Circle Internet Group

In related news, CAO Tamara L. Schulz sold 1,527 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $59.80, for a total value of $91,314.60. Following the completion of the sale, the chief accounting officer owned 98,010 shares in the company, valued at approximately $5,860,998. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Heath Tarbert sold 3,048 shares of Circle Internet Group stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $90.02, for a total transaction of $274,380.96. Following the transaction, the president owned 579,302 shares in the company, valued at approximately $52,148,766.04. The trade was a 0.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 723,616 shares of company stock valued at $58,631,542.

Circle Internet Group Stock Up 13.9%

CRCL opened at $57.20 on Friday. The firm has a market cap of $13.47 billion and a PE ratio of -24.98. The business has a fifty day simple moving average of $77.57 and a 200-day simple moving average of $111.41. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. Circle Internet Group’s quarterly revenue was up 65.9% compared to the same quarter last year.

Circle Internet Group Company 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 USD Coin (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.