New York State Common Retirement Fund Purchases Shares of 24,500 Circle Internet Group, Inc. $CRCL

New York State Common Retirement Fund purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,500 shares of the company’s stock, valued at approximately $3,248,000.

A number of other hedge funds have also modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new stake in Circle Internet Group in the 3rd quarter valued at approximately $50,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Circle Internet Group in the third quarter worth $35,000. CFM Wealth Partners LLC purchased a new position in Circle Internet Group in the 3rd quarter valued at about $983,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group during the third quarter valued at approximately $27,000. Finally, PFG Investments LLC lifted its position in Circle Internet Group by 83.6% during the third quarter. PFG Investments LLC now owns 5,865 shares of the company’s stock worth $778,000 after buying an additional 2,670 shares during the period.

Insiders Place Their Bets

In other Circle Internet Group news, CAO Tamara L. Schulz sold 1,527 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $59.80, for a total value of $91,314.60. Following the sale, the chief accounting officer directly owned 98,010 shares in the company, valued at approximately $5,860,998. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Allaire sold 7,055 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.07, for a total transaction of $635,443.85. Following the transaction, the chief executive officer owned 70,517 shares of the company’s stock, valued at $6,351,466.19. This represents a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 723,616 shares of company stock worth $58,631,542.

Circle Internet Group Stock Performance

NYSE CRCL opened at $57.20 on Friday. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99. The company has a 50-day simple moving average of $77.57 and a 200-day simple moving average of $111.41. The firm has a market capitalization of $13.47 billion and a PE ratio of -24.98.

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

Analysts Set New Price Targets

CRCL has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Circle Internet Group from an “underweight” rating to an “overweight” rating and increased their price target for the company from $94.00 to $100.00 in a report on Thursday, November 13th. Morgan Stanley initiated coverage on shares of Circle Internet Group in a research note on Monday, February 2nd. They set an “equal weight” rating and a $66.00 price objective on the stock. Monness Crespi & Hardt began coverage on shares of Circle Internet Group in a research note on Monday, November 10th. They issued a “buy” rating and a $150.00 target price on the stock. Sanford C. Bernstein set a $190.00 price target on shares of Circle Internet Group in a research report on Tuesday, January 6th. Finally, Robert W. Baird raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Circle Internet Group currently has a consensus rating of “Hold” and a consensus target price of $132.35.

Circle Internet Group Company Profile

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 USD Coin (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.