Circle Internet Group, Inc. $CRCL Shares Acquired by Dnca Finance

Dnca Finance increased its stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 73.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,000 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. Dnca Finance’s holdings in Circle Internet Group were worth $3,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC purchased a new position in Circle Internet Group in the 3rd quarter valued at about $7,173,000. Meridiem Capital Partners LP boosted its stake in shares of Circle Internet Group by 141.7% during the 3rd quarter. Meridiem Capital Partners LP now owns 120,854 shares of the company’s stock worth $16,023,000 after purchasing an additional 70,854 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Circle Internet Group during the third quarter worth about $47,614,000. Sei Investments Co. acquired a new position in shares of Circle Internet Group in the third quarter valued at approximately $607,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Circle Internet Group in the third quarter valued at approximately $56,401,000.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, President Heath Tarbert sold 122,007 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $94.23, for a total transaction of $11,496,719.61. Following the completion of the sale, the president owned 599,156 shares of the company’s stock, valued at approximately $56,458,469.88. The trade was a 16.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick Sean Neville sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 462,567 shares of company stock valued at $43,969,052 in the last ninety days.

Circle Internet Group Stock Performance

Shares of CRCL stock opened at $115.22 on Friday. The firm has a market capitalization of $27.13 billion and a price-to-earnings ratio of -61.95. 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 moving average price of $77.42 and a 200 day moving average price of $98.13.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The company had revenue of $770.23 million during the quarter. The company’s revenue for the quarter was up 76.9% on a year-over-year basis.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRCL. Morgan Stanley began coverage on shares of Circle Internet Group in a research report on Monday, February 2nd. They set an “equal weight” rating and a $66.00 target price on the stock. Sanford C. Bernstein set a $190.00 price target on Circle Internet Group in a report on Tuesday, January 6th. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Wolfe Research initiated coverage on Circle Internet Group in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 price objective for the company. Finally, Mizuho upped their target price on Circle Internet Group from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Circle Internet Group has an average rating of “Hold” and a consensus target price of $124.65.

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 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.