Boston Partners Buys New Holdings in Circle Internet Group, Inc. $CRCL

Boston Partners purchased a new position in Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,747 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. North Star Investment Management Corp. bought a new stake in Circle Internet Group during the 2nd quarter valued at $34,000. Hennessy Advisors Inc. bought a new stake in shares of Circle Internet Group in the second quarter worth about $36,000. Allworth Financial LP purchased a new position in Circle Internet Group during the 2nd quarter valued at about $37,000. Chilton Capital Management LLC purchased a new position in Circle Internet Group during the 2nd quarter valued at about $40,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Circle Internet Group during the 2nd quarter valued at approximately $52,000.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 33,608 shares of the business’s stock in a transaction on 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 sale, the chief financial officer directly owned 297,823 shares of the company’s stock, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Circle Internet Group Price Performance

Shares of NYSE CRCL opened at $81.82 on Monday. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99. The company’s 50-day simple moving average is $126.80.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. The firm’s quarterly revenue was up 65.9% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Redburn Partners set a $136.00 price objective on Circle Internet Group in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Circle Internet Group from $147.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday. Baird R W raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Friday. Finally, Citigroup started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Circle Internet Group presently has a consensus rating of “Hold” and a consensus target price of $150.53.

Circle Internet Group Company 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.