Berkshire Capital Holdings Inc. Buys Shares of 31,550 Circle Internet Group, Inc. $CRCL

Berkshire Capital Holdings Inc. purchased a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the second quarter, HoldingsChannel.com reports. The fund purchased 31,550 shares of the company’s stock, valued at approximately $5,720,000. Circle Internet Group comprises 2.0% of Berkshire Capital Holdings Inc.’s investment portfolio, making the stock its 21st largest holding.

Other institutional investors have also modified their holdings of the company. Marshall Wace LLP purchased a new position in Circle Internet Group in the 2nd quarter valued at approximately $1,547,214,000. ARK Investment Management LLC acquired a new stake in Circle Internet Group in the second quarter valued at $530,165,000. Geode Capital Management LLC purchased a new position in shares of Circle Internet Group in the second quarter valued at $65,504,000. JPMorgan Chase & Co. acquired a new position in shares of Circle Internet Group during the 2nd quarter worth $65,261,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth about $61,650,000.

Insiders Place Their Bets

In related news, Director Danita K. Ostling sold 2,662 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $84.69, for a total transaction of $225,444.78. Following the transaction, the director directly owned 26,290 shares in the company, valued at approximately $2,226,500.10. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick Sean Neville sold 33,569 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $85.05, for a total value of $2,855,043.45. Following the completion of the sale, the director directly owned 33,568 shares in the company, valued at approximately $2,854,958.40. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 618,847 shares of company stock valued at $49,268,665.

Circle Internet Group Trading Down 0.7%

Shares of CRCL opened at $88.27 on Thursday. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99. The firm’s 50 day moving average price is $108.20.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRCL shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Circle Internet Group from $147.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Citigroup assumed coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, November 12th. Robert W. Baird lowered their target price on Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Finally, Baird R W raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.69.

About Circle Internet Group

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.