Walleye Capital LLC Acquires New Position in Circle Internet Group, Inc. $CRCL

Walleye Capital LLC purchased a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, Holdings Channel.com reports. The firm purchased 75,000 shares of the company’s stock, valued at approximately $13,597,000.

Several other large investors have also recently made changes to their positions in the business. ARK Investment Management LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $530,165,000. Geode Capital Management LLC bought a new stake in Circle Internet Group in the second quarter worth $65,504,000. JPMorgan Chase & Co. purchased a new stake in Circle Internet Group during the second quarter valued at about $65,261,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Circle Internet Group during the second quarter valued at about $61,650,000. Finally, Liberty Street Advisors Inc. purchased a new position in shares of Circle Internet Group in the second quarter worth about $52,610,000.

Insider Activity at Circle Internet Group

In related news, Director Danita K. Ostling sold 2,662 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $84.69, for a total value of $225,444.78. Following the completion of the transaction, the director directly owned 26,290 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this link. Also, Director Rajeev V. Date sold 127,247 shares of Circle Internet Group stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $72.29, for a total value of $9,198,685.63. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 618,847 shares of company stock valued at $49,268,665.

Analyst Ratings Changes

Several brokerages recently weighed in on CRCL. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, October 8th. Needham & Company LLC cut their target price on shares of Circle Internet Group from $250.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $247.00 target price on shares of Circle Internet Group in a research note on Thursday, September 11th. Wells Fargo & Company lowered their price target on shares of Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Finally, Rothschild & Co Redburn assumed coverage on shares of Circle Internet Group in a report on Friday, October 3rd. They issued a “neutral” rating and a $136.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and a consensus target price of $144.69.

Circle Internet Group Stock Performance

CRCL opened at $87.41 on Friday. The company’s 50 day simple moving average is $111.71. Circle Internet Group, Inc. has a 52-week low of $64.00 and a 52-week high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.44. The business had revenue of $739.76 million during the quarter. The firm’s revenue for the quarter was up 65.9% on a year-over-year basis.

Circle Internet Group Company 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.