Diversified Trust Co Raises Holdings in Circle Internet Group, Inc. $CRCL

Diversified Trust Co lifted its holdings in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 210.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,907 shares of the company’s stock after purchasing an additional 8,074 shares during the quarter. Diversified Trust Co’s holdings in Circle Internet Group were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CRCL. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group during the fourth quarter worth about $25,000. Larson Financial Group LLC boosted its position in shares of Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group in the second quarter valued at approximately $27,000. Bellevue Asset Management LLC purchased a new position in shares of Circle Internet Group in the 4th quarter valued at $29,000. Finally, Harbour Investments Inc. increased its position in shares of Circle Internet Group by 170.0% during the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after purchasing an additional 238 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRCL. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Wells Fargo & Company lifted their price objective on shares of Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research note on Monday, April 20th. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a research report on Thursday, June 11th. Finally, Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $134.18.

Circle Internet Group Stock Down 5.7%

Shares of NYSE:CRCL opened at $75.36 on Wednesday. The company has a market capitalization of $18.73 billion and a P/E ratio of -23.55. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $265.00. The stock’s fifty day simple moving average is $100.43 and its 200-day simple moving average is $90.13.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The company had revenue of $694.13 million for the quarter. Circle Internet Group’s revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts anticipate that Circle Internet Group, Inc. will post 1.02 earnings per share for the current year.

Insider Buying and Selling at Circle Internet Group

In other news, insider Hossein Razzaghi sold 34,623 shares of Circle Internet Group stock in a transaction on Wednesday, June 10th. The stock was 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 of the company’s stock, valued at $52,545,955.40. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick Sean Neville sold 50,000 shares of Circle Internet Group stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $81.30, for a total value of $4,065,000.00. Following the completion of the sale, the director owned 2,018 shares of the company’s stock, valued at $164,063.40. This trade represents a 96.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,405,984 shares of company stock valued at $118,860,837. Corporate insiders own 10.85% of the company’s stock.

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 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.