Bank of Montreal Can Invests $414,000 in Circle Internet Group, Inc. $CRCL

Bank of Montreal Can acquired a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,285 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brand Asset Management Group Inc. purchased a new stake in Circle Internet Group during the second quarter worth about $272,000. Westbourne Investments Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth approximately $204,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth approximately $1,083,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $673,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Circle Internet Group in the second quarter valued at $18,397,000.

Circle Internet Group Price Performance

Shares of NYSE CRCL opened at $76.59 on Wednesday. The business’s 50 day simple moving average is $125.25. Circle Internet Group, Inc. has a 12-month low of $64.00 and a 12-month high of $298.99.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million during the quarter. The firm’s revenue for the quarter was up 65.9% compared to the same quarter last year.

Analysts Set New Price Targets

Several analysts have issued reports on CRCL shares. Mizuho reduced their price target on shares of Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating on the stock in a report on Friday, November 14th. Robert W. Baird reduced their target price on shares of Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. JPMorgan Chase & Co. raised Circle Internet Group from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $94.00 to $100.00 in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on Circle Internet Group from $147.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Finally, Redburn Partners set a $136.00 target price on Circle Internet Group in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $150.53.

Insider Activity

In other news, Director Rajeev V. Date sold 190,867 shares of Circle Internet Group stock in a transaction on Friday, November 14th. The stock was sold at an average price of $83.58, for a total transaction of $15,952,663.86. Following the transaction, the director owned 127,247 shares in the company, valued at approximately $10,635,304.26. The trade was a 60.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Danita K. Ostling sold 2,662 shares of Circle Internet Group stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $84.69, for a total value of $225,444.78. Following the transaction, the director directly owned 26,290 shares in the company, valued at approximately $2,226,500.10. This trade represents a 9.19% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 360,806 shares of company stock valued at $31,672,278.

About Circle Internet Group

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.