Compagnie Lombard Odier SCmA Invests $79,000 in Circle Internet Group, Inc. $CRCL

Compagnie Lombard Odier SCmA purchased a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the second quarter, Holdings Channel reports. The firm purchased 435 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors have also added to or reduced their stakes in CRCL. Masso Torrence Wealth Management Inc. purchased a new position in shares of Circle Internet Group in the second quarter valued at about $245,000. Exchange Traded Concepts LLC bought a new stake in shares of Circle Internet Group in the second quarter worth about $18,397,000. Wealth Enhancement Advisory Services LLC purchased a new position in Circle Internet Group during the 2nd quarter valued at about $673,000. Baader Bank Aktiengesellschaft bought a new position in Circle Internet Group during the 2nd quarter valued at approximately $1,083,000. Finally, Westbourne Investments Inc. purchased a new stake in Circle Internet Group in the 2nd quarter worth approximately $204,000.

Insider Buying and Selling at Circle Internet Group

In other news, CEO Jeremy Allaire sold 357,812 shares of Circle Internet Group stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $45,470,748.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nikhil Chandhok sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $6,354,000.00. Following the completion of the sale, the insider owned 530,803 shares in the company, valued at $67,454,445.24. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 831,014 shares of company stock valued at $105,416,046.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRCL shares. JPMorgan Chase & Co. upped their target price on Circle Internet Group from $80.00 to $89.00 and gave the company an “underweight” rating in a report on Tuesday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Circle Internet Group in a research report on Monday, September 8th. Seaport Res Ptn raised shares of Circle Internet Group to a “strong-buy” rating in a research report on Friday, June 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Circle Internet Group from $163.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, August 20th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $247.00 price objective on shares of Circle Internet Group in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.91.

Circle Internet Group Stock Performance

Shares of Circle Internet Group stock opened at $130.81 on Wednesday. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99. The company has a market cap of $30.01 billion and a price-to-earnings ratio of -10,337.44. The stock has a 50-day simple moving average of $152.92.

Circle Internet Group Profile

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.