Virtu Financial LLC Acquires Shares of 27,232 Circle Internet Group, Inc. $CRCL

Virtu Financial LLC acquired a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 27,232 shares of the company’s stock, valued at approximately $2,159,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $295,000. Arrowstreet Capital Limited Partnership acquired a new position in Circle Internet Group during the second quarter worth approximately $1,474,000. Invesco Ltd. acquired a new position in Circle Internet Group during the second quarter worth approximately $47,640,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the second quarter valued at approximately $27,000. Finally, Baird Financial Group Inc. purchased a new stake in Circle Internet Group in the second quarter valued at approximately $2,649,000.

Insider Activity at Circle Internet Group

In related news, President Heath Tarbert sold 39,240 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $81.47, for a total transaction of $3,196,882.80. Following the sale, the president owned 502,558 shares of the company’s stock, valued at $40,943,400.26. This trade represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeremy Allaire sold 56,200 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $82.93, for a total transaction of $4,660,666.00. Following the completion of the transaction, 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 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 a total of 1,415,984 shares of company stock valued at $120,091,637 in the last ninety days. 10.85% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRCL shares. KeyCorp started coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Robert W. Baird increased their price target on shares of Circle Internet Group from $110.00 to $138.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Finally, William Blair restated an “outperform” rating on shares of Circle Internet Group in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.18.

Circle Internet Group Stock Performance

CRCL stock opened at $80.46 on Friday. The stock has a market capitalization of $20.00 billion and a PE ratio of -25.14. The company has a fifty day moving average of $100.79 and a 200-day moving average of $90.09. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99.

Circle Internet Group (NYSE:CRCL) last posted its earnings results on Monday, May 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The business had revenue of $694.13 million for the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities analysts forecast that Circle Internet Group, Inc. will post 1.02 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.