Circle Internet Group, Inc. $CRCL Stock Position Raised by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,914,947 shares of the company’s stock after purchasing an additional 344,539 shares during the quarter. Circle Internet Group accounts for about 3.9% of Amova Asset Management Americas Inc.’s holdings, making the stock its 5th biggest holding. Amova Asset Management Americas Inc.’s holdings in Circle Internet Group were worth $278,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CRCL. General Catalyst Group Management LLC bought a new stake in shares of Circle Internet Group during the 2nd quarter worth $3,647,694,000. Marshall Wace LLP increased its position in shares of Circle Internet Group by 23.8% during 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 during the last quarter. IDG Accel China Capital II Associates L.P. purchased a new position in shares of Circle Internet Group during the 4th quarter valued at about $554,792,000. Accel XI Associates L.L.C. purchased a new position in shares of Circle Internet Group during the 4th quarter valued at about $513,844,000. Finally, Vanguard Group Inc. lifted its position in Circle Internet Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company’s stock worth $448,292,000 after buying an additional 74,414 shares during the last quarter.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, CAO Tamara L. Schulz sold 1,194 shares of Circle Internet Group stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total value of $76,893.60. Following the completion of the transaction, the chief accounting officer directly owned 85,871 shares of the company’s stock, valued at approximately $5,530,092.40. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Allaire sold 3,032 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $67.16, for a total transaction of $203,629.12. Following the sale, the chief executive officer directly owned 63,346 shares of the company’s stock, valued at $4,254,317.36. This trade represents a 4.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,956,527 shares of company stock worth $155,711,921 in the last 90 days. Insiders own 10.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research note on Thursday, June 11th. HC Wainwright upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $150.00 in a report on Monday, May 18th. Wells Fargo & Company upped 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 note on Tuesday, May 5th. Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Freedom Capital raised shares of Circle Internet Group to a “hold” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.25.

Circle Internet Group Trading Up 8.1%

Shares of NYSE:CRCL opened at $65.34 on Tuesday. The stock has a fifty day simple moving average of $85.44 and a two-hundred day simple moving average of $87.76. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $231.88. The stock has a market capitalization of $16.24 billion and a price-to-earnings ratio of -20.42.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share 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%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, equities research analysts predict that Circle Internet Group, Inc. will post 0.98 EPS for the current year.

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.