Endowment Wealth Management Inc. Takes $18.13 Million Position in Circle Internet Group, Inc. $CRCL

Endowment Wealth Management Inc. acquired a new position in Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, Holdings Channel reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $18,129,000. Circle Internet Group makes up approximately 9.3% of Endowment Wealth Management Inc.’s holdings, making the stock its biggest holding.

Several other large investors have also bought and sold shares of the company. Covenant Asset Management LLC acquired a new position in Circle Internet Group during the second quarter worth about $363,000. Gainplan LLC bought a new position in shares of Circle Internet Group during the 2nd quarter valued at about $906,000. PFG Investments LLC bought a new position in shares of Circle Internet Group during the 2nd quarter valued at about $579,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $1,083,000. Finally, KG&L Capital Management LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $528,000.

Wall Street Analysts Forecast Growth

CRCL has been the subject of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “outperform” rating and a $230.00 target price for the company. Seaport Res Ptn raised Circle Internet Group to a “strong-buy” rating in a report on Friday, June 20th. Baird R W upgraded Circle Internet Group to a “hold” rating in a research report on Friday, July 11th. Mizuho set a $85.00 target price on Circle Internet Group in a report on Tuesday, August 12th. Finally, Barclays started coverage on Circle Internet Group in a report on Monday, June 30th. They set an “overweight” rating and a $215.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $165.54.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, Director Rajeev V. Date sold 33,400 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $4,244,472.00. Following the transaction, the director owned 248,663 shares in the company, valued at $31,600,094.04. The trade was a 11.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Fox-Geen sold 33,608 shares of the company’s 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 in the company, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,014 shares of company stock worth $105,416,046.

Circle Internet Group Trading Down 11.1%

Shares of Circle Internet Group stock opened at $133.84 on Monday. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99. The firm has a market capitalization of $30.71 billion and a PE ratio of -10,576.73. The stock has a fifty day simple moving average of $136.95.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data 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 company had revenue of $658.08 million during the quarter, compared to analysts’ expectations of $645.35 million. Circle Internet Group’s quarterly revenue was up 53.0% compared to the same quarter last year.

Circle Internet Group 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.