Handelsbanken Fonder AB acquired a new stake in Circle Internet Group, Inc. (NYSE:CRCL – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 108,635 shares of the company’s stock, valued at approximately $6,804,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group in the second quarter valued at about $27,000. Harbour Investments Inc. raised its position in shares of Circle Internet Group by 170.0% in the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after buying an additional 238 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Circle Internet Group in the first quarter worth about $31,000. Finally, First Horizon Corp acquired a new position in Circle Internet Group during the first quarter worth about $35,000.
Insider Activity at Circle Internet Group
In other Circle Internet Group news, Director Danita K. Ostling sold 20,000 shares of Circle Internet Group stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $61.65, for a total value of $1,233,000.00. Following the sale, the director owned 4,608 shares in the company, valued at $284,083.20. The trade was a 81.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikhil Chandhok sold 26,666 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $67.15, for a total value of $1,790,621.90. Following the completion of the transaction, the insider directly owned 717,920 shares in the company, valued at approximately $48,208,328. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,062,639 shares of company stock valued at $159,922,690 over the last 90 days. Corporate insiders own 10.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Circle Internet Group
Circle Internet Group Price Performance
NYSE:CRCL opened at $71.79 on Friday. The company’s 50-day moving average is $69.34 and its two-hundred day moving average is $85.92. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $159.47. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 49.17 and a beta of 0.23.
Circle Internet Group (NYSE:CRCL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The firm had revenue of $701.32 million for the quarter. During the same period in the prior year, the company earned ($4.48) EPS. Circle Internet Group’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Circle Internet Group, Inc. will post 1.04 earnings per share for the current fiscal year.
About Circle Internet Group
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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