Alberta Investment Management Corp Acquires New Holdings in Circle Internet Group, Inc. $CRCL

Alberta Investment Management Corp acquired a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 315,600 shares of the company’s stock, valued at approximately $25,027,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group in the second quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its holdings in shares of Circle Internet Group by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock valued at $154,000 after buying an additional 151 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after buying an additional 238 shares during the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of Circle Internet Group in the 3rd quarter worth approximately $33,000.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, insider Hossein Razzaghi sold 34,623 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $78.85, for a total transaction of $2,730,023.55. Following the transaction, the insider owned 666,404 shares in the company, valued at approximately $52,545,955.40. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patrick Sean Neville sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $81.30, for a total value of $4,065,000.00. Following the transaction, the director directly owned 2,018 shares of the company’s stock, valued at approximately $164,063.40. The trade was a 96.12% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 1,415,984 shares of company stock worth $120,091,637. 10.85% of the stock is currently owned by insiders.

Circle Internet Group Stock Down 0.2%

Shares of NYSE:CRCL opened at $80.46 on Friday. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The stock has a market cap of $20.00 billion and a price-to-earnings ratio of -25.14. The business has a 50-day moving average price of $101.06 and a 200-day moving average price of $90.16.

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). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The business had revenue of $694.13 million during the quarter. The business’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, equities analysts anticipate that Circle Internet Group, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Freedom Capital raised shares of Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. KeyCorp started coverage on shares of Circle Internet Group in a report on Tuesday, May 26th. They issued a “sector weight” rating on the stock. Wells Fargo & Company upped their price target on Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Robert W. Baird increased their price objective on Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Compass Point reissued a “sell” rating and issued a $77.00 price objective (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $134.18.

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.