IQ EQ FUND MANAGEMENT IRELAND Ltd Takes $4.62 Million Position in Circle Internet Group, Inc. $CRCL

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 25,464 shares of the company’s stock, valued at approximately $4,616,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. North Star Investment Management Corp. acquired a new stake in Circle Internet Group in the second quarter valued at approximately $34,000. Hennessy Advisors Inc. bought a new position in shares of Circle Internet Group in the 2nd quarter valued at $36,000. Chilton Capital Management LLC bought a new position in shares of Circle Internet Group in the 2nd quarter valued at $40,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Circle Internet Group during the 2nd quarter valued at $79,000. Finally, CWM LLC bought a new stake in Circle Internet Group during the 2nd quarter worth $115,000.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, CAO Tamara L. Schulz sold 836 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $106,238.88. Following the completion of the sale, the chief accounting officer directly owned 93,609 shares in the company, valued at approximately $11,895,831.72. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Fox-Geen sold 33,608 shares of Circle Internet Group stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $121.45, for a total value of $4,081,691.60. Following the completion of the transaction, the chief financial officer directly owned 297,823 shares of the company’s stock, valued at approximately $36,170,603.35. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,014 shares of company stock valued at $105,416,046 over the last 90 days.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Circle Internet Group from $89.00 to $93.00 and gave the company an “underweight” rating in a research report on Friday. Citigroup began coverage on Circle Internet Group in a research note on Tuesday, September 30th. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research report on Wednesday, October 8th. JMP Securities initiated coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Circle Internet Group in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $165.43.

Circle Internet Group Trading Up 0.8%

Circle Internet Group stock opened at $143.12 on Tuesday. The business has a 50 day moving average of $132.20. Circle Internet Group, Inc. has a one year low of $64.00 and a one year high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($4.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($4.82). The business had revenue of $658.08 million for the quarter, compared to analysts’ expectations of $645.35 million. Circle Internet Group’s revenue for the quarter was up 53.0% 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.