Avenir Tech Ltd Invests $1.81 Million in Circle Internet Group, Inc. $CRCL

Avenir Tech Ltd bought a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $1,813,000. Circle Internet Group makes up approximately 0.1% of Avenir Tech Ltd’s portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter worth $27,000. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group during the second quarter valued at about $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 stake in shares of Circle Internet Group in the second quarter worth about $37,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Circle Internet Group in the second quarter worth about $40,000.

Circle Internet Group Trading Down 1.9%

Shares of CRCL opened at $83.97 on Tuesday. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99. The company has a fifty day moving average price of $109.89.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data 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 firm had revenue of $739.76 million during the quarter. The business’s revenue for the quarter was up 65.9% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRCL shares. Redburn Partners set a $136.00 price target on Circle Internet Group in a report on Friday, October 3rd. Monness Crespi & Hardt assumed coverage on Circle Internet Group in a research report on Monday, November 10th. They set a “buy” rating and a $150.00 target price for the company. Needham & Company LLC cut their target price on shares of Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Canaccord Genuity Group restated a “buy” rating and issued a $247.00 price target on shares of Circle Internet Group in a research report on Thursday, September 11th. Finally, Citigroup assumed 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 four have assigned a Sell rating to the stock. According to data from MarketBeat, Circle Internet Group has a consensus rating of “Hold” and an average target price of $144.69.

Insiders Place Their Bets

In other Circle Internet Group news, Director Rajeev V. Date sold 127,247 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $72.29, for a total value of $9,198,685.63. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nikhil Chandhok sold 100,000 shares of Circle Internet Group stock in a transaction on Monday, December 1st. The stock was sold at an average price of $77.08, for a total value of $7,708,000.00. Following the sale, the insider owned 493,639 shares of the company’s stock, valued at approximately $38,049,694.12. This trade represents a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 618,847 shares of company stock valued at $49,268,665.

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.