206,105 Shares in Circle Internet Group, Inc. $CRCL Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC acquired a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, Holdings Channel reports. The fund acquired 206,105 shares of the company’s stock, valued at approximately $37,365,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $27,000. North Star Investment Management Corp. acquired a new position in shares of Circle Internet Group during the second quarter worth about $34,000. Hennessy Advisors Inc. bought a new position in shares of Circle Internet Group during the second quarter worth about $36,000. Allworth Financial LP acquired a new stake in Circle Internet Group in the 2nd quarter valued at approximately $37,000. Finally, Chilton Capital Management LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at approximately $40,000.

Insider Activity

In related news, CAO Tamara L. Schulz sold 1,000 shares of Circle Internet Group stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $78.02, for a total transaction of $78,020.00. Following the completion of the transaction, the chief accounting officer owned 89,317 shares in the company, valued at approximately $6,968,512.34. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Danita K. Ostling sold 2,662 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $84.69, for a total value 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 trade represents a 9.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 618,847 shares of company stock valued at $49,268,665.

Circle Internet Group Stock Performance

Shares of CRCL opened at $83.40 on Friday. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99. The stock’s fifty day moving average price is $105.72.

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

Wall Street Analyst Weigh In

CRCL has been the subject of a number of recent research reports. Citigroup assumed coverage on Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. Robert W. Baird reduced their target price on shares of Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. JMP Securities began coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They issued a “market perform” rating for the company. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, November 12th. Finally, Mizuho cut their price target on shares of Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating on the stock in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $144.69.

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.