18,622 Shares in Circle Internet Group, Inc. $CRCL Acquired by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. bought a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,622 shares of the company’s stock, valued at approximately $1,477,000.

Several other large investors also recently added to or reduced their stakes in CRCL. Creative Planning bought a new position in Circle Internet Group in the second quarter worth approximately $295,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Circle Internet Group during the 2nd quarter valued at $1,474,000. Invesco Ltd. purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth $47,640,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth $27,000. Finally, Baird Financial Group Inc. bought a new position in Circle Internet Group in the 2nd quarter worth $2,649,000.

Insider Transactions at Circle Internet Group

In related news, CEO Jeremy Allaire sold 56,200 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $82.93, for a total transaction of $4,660,666.00. Following the completion of the sale, the chief executive officer owned 510,579 shares in the company, valued at approximately $42,342,316.47. This trade represents a 9.92% decrease in their ownership of the stock. The transaction 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, insider Hossein Razzaghi sold 34,623 shares of Circle Internet Group stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $78.85, for a total value of $2,730,023.55. Following the sale, the insider directly owned 666,404 shares in the company, valued at $52,545,955.40. This trade represents a 4.94% decrease in their position. 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 90 days, insiders have sold 1,415,984 shares of company stock valued at $120,091,637. 10.85% of the stock is owned by corporate insiders.

Circle Internet Group Stock Performance

CRCL opened at $80.46 on Friday. The stock has a market cap of $20.00 billion and a price-to-earnings ratio of -25.14. The firm’s fifty day moving average is $100.79 and its 200 day moving average is $90.09. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The business had revenue of $694.13 million during the quarter. Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts predict that Circle Internet Group, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. HC Wainwright upgraded Circle Internet Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $150.00 in a research report on Monday, May 18th. Clear Str upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Freedom Capital upgraded Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Circle Internet Group in a research note on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $101.00 price objective on shares of Circle Internet Group in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.18.

Circle Internet Group 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.