10,326 Shares of Circle Internet Group, Inc. $CRCL Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,326 shares of the company’s stock, valued at approximately $848,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Circle Internet Group in the 2nd quarter valued at about $5,539,000. Fifth Third Bancorp purchased a new position in Circle Internet Group during the first quarter worth about $7,282,000. SBI Holdings USA Inc. purchased a new position in Circle Internet Group during the second quarter worth about $101,084,820. Handelsbanken Fonder AB acquired a new stake in shares of Circle Internet Group during the second quarter valued at about $6,804,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Circle Internet Group during the first quarter valued at about $21,761,000.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 4,238 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $73.06, for a total value of $309,628.28. Following the sale, the chief financial officer owned 294,815 shares of the company’s stock, valued at $21,539,183.90. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, insider Nikhil Chandhok sold 26,668 shares of Circle Internet Group stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $79.59, for a total value of $2,122,506.12. Following the completion of the transaction, the insider owned 715,331 shares of the company’s stock, valued at $56,933,194.29. The trade was a 3.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 345,967 shares of company stock worth $31,042,961 over the last quarter. 10.85% of the stock is currently owned by insiders.

Key Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

  • Positive Sentiment: Circle’s Q3 earnings beat estimates, with EPS of $0.84 versus $0.42 expected and revenue up 16.9% year over year. The earnings-call recap also cited payment growth and wider adoption of its Arc strategy, supporting the company’s growth case. CRCL Q3 Earnings Call Highlights Payment Growth and Arc Strategy
  • Positive Sentiment: Compass Point upgraded CRCL from neutral to buy with a $99 price target, offering a more bullish counterpoint to recent analyst caution. Compass Point recommendations
  • Positive Sentiment: Coverage highlighting Samsung Wallet, USDC and tokenized stock activity points to potential expansion of USDC’s reach and interest in tokenized assets, though adoption and revenue impact remain to be seen. Samsung Wallet and USDC Light the Fuse as CRCL Tokenized Stock Goes Electric
  • Neutral Sentiment: Despite trimming price targets, firms including JPMorgan, Wells Fargo, TD Cowen and Needham maintained buy or overweight ratings. This preserves a constructive longer-term view, while signaling more cautious valuation assumptions.
  • Negative Sentiment: Circle is reported to be cutting about 5% of its workforce. The move could reduce expenses, but also raises questions about the company’s cost structure and outlook. Circle Internet Group Cuts 5% Of Its Workforce
  • Negative Sentiment: Several analysts lowered targets after results, including Deutsche Bank, which cut its target to $65 and kept a hold rating. Investors also face concerns about declining reserve income and distribution costs, which could weigh on profitability even as payments grow.

Circle Internet Group Trading Down 0.2%

Shares of NYSE CRCL opened at $67.74 on Monday. The stock has a market cap of $17.20 billion, a P/E ratio of 40.81 and a beta of 0.84. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $140.00. The business’s fifty day simple moving average is $85.45 and its 200-day simple moving average is $85.64.

Circle Internet Group (NYSE:CRCL – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.42. Circle Internet Group had a return on equity of 13.10% and a net margin of 15.27%. The firm had revenue of $864.89 million during the quarter. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, equities analysts forecast that Circle Internet Group, Inc. will post 1.20 EPS for the current fiscal year.

Analysts Set New Price Targets

CRCL has been the topic of a number of research analyst reports. Canaccord Genuity Group reduced their price target on shares of Circle Internet Group from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen cut shares of Circle Internet Group from a “sell” rating to a “strong sell” rating in a research report on Sunday. Morgan Stanley downgraded shares of Circle Internet Group from an “underweight” rating to a “cautious” rating in a report on Thursday. Susquehanna cut their target price on Circle Internet Group from $92.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, HC Wainwright cut their target price on Circle Internet Group from $104.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.88.

Read Our Latest Stock Analysis on CRCL

About Circle Internet Group

(Free Report)

Circle Internet Group develops digital financial infrastructure centered on stablecoins and blockchain-based payments. Its principal products include USDC, a U.S. dollar-pegged stablecoin, and EURC, a euro-pegged stablecoin. The company also provides services and software that help businesses use digital currencies for payments and financial applications.

Circle Mint is a platform for eligible institutions to mint and redeem USDC and EURC. Circle also offers developer tools and infrastructure, including its Cross-Chain Transfer Protocol, which supports the movement of USDC across compatible blockchains.

See Also

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Institutional Ownership by Quarter for Circle Internet Group (NYSE:CRCL)

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