Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,013 shares of the company’s stock, valued at approximately $953,000.
Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group during the 2nd quarter worth $27,000. Larson Financial Group LLC boosted its position in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the last quarter. Montag A & Associates Inc. purchased a new position in Circle Internet Group in the 3rd quarter valued at about $33,000. National Bank of Canada FI purchased a new position in Circle Internet Group in the 3rd quarter valued at about $37,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Circle Internet Group in the 3rd quarter valued at about $39,000.
Analyst Ratings Changes
A number of research firms have weighed in on CRCL. Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Wells Fargo & Company upped their price objective on shares of Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. Canaccord Genuity Group reissued a “buy” rating and issued a $160.00 price objective on shares of Circle Internet Group in a research report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued 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 issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $137.12.
Circle Internet Group News Summary
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Circle announced a partnership with Nium to expand USDC settlement and global payout capabilities through Circle Payments Network, a strategic move that could broaden real-world use for its stablecoin infrastructure. Nium and Circle to Connect USDC Settlement with Global Payouts
- Positive Sentiment: Related coverage says the Nium deal may help Circle broaden its USDC payment infrastructure, reinforcing the company’s growth narrative in stablecoin-based payments. Circle (CRCL) Stock Climbs on Nium Deal to Broaden USDC Payment Infrastructure
- Neutral Sentiment: Circle also presented at Bernstein’s Strategic Decisions Conference, which likely gave investors an update on strategy and growth plans, but no major new catalyst was highlighted in the transcript. Circle Internet Group, Inc. Presents at Bernstein Conference Transcript
- Neutral Sentiment: KeyBanc started coverage with a sector-weight rating, a sign of measured sentiment rather than a clear bullish or bearish call. KeyBanc initiates coverage of Circle Internet Group
- Negative Sentiment: HC Wainwright trimmed its 2026 earnings estimates for Circle across several periods, including full-year EPS, which can pressure sentiment by signaling somewhat lower profitability expectations. HC Wainwright estimate revisions for Circle Internet Group
Circle Internet Group Stock Performance
Shares of Circle Internet Group stock opened at $108.36 on Friday. The firm has a market cap of $26.94 billion and a PE ratio of -33.86. The firm’s 50-day simple moving average is $105.95 and its 200-day simple moving average is $89.27. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99.
Circle Internet Group (NYSE:CRCL – Get Free Report) last issued its 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 company had revenue of $694.13 million during the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities analysts predict that Circle Internet Group, Inc. will post 1.06 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Rajeev V. Date sold 3,819 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $115.00, for a total value of $439,185.00. Following the sale, the director owned 152,328 shares in the company, valued at approximately $17,517,720. This represents a 2.45% decrease in their position. The sale 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, CAO Tamara L. Schulz sold 1,194 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $107.10, for a total transaction of $127,877.40. Following the completion of the sale, the chief accounting officer owned 90,829 shares in the company, valued at approximately $9,727,785.90. This trade represents a 1.30% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 463,624 shares of company stock worth $46,757,927. Company insiders own 10.85% of the company’s stock.
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.
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