Gainplan LLC Makes New $906,000 Investment in Circle Internet Group, Inc. $CRCL

Gainplan LLC bought a new position in Circle Internet Group, Inc. (NYSE:CRCL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $906,000. Circle Internet Group accounts for approximately 0.4% of Gainplan LLC’s portfolio, making the stock its 26th largest position.

Other institutional investors also recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $34,000. Hennessy Advisors Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $36,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $79,000. Westbourne Investments Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $204,000. Finally, Truist Financial Corp purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $218,000.

Insider Transactions at Circle Internet Group

In other Circle Internet Group news, CEO Jeremy Allaire sold 357,812 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $45,470,748.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rajeev V. Date sold 33,400 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $4,244,472.00. Following the completion of the transaction, the director owned 248,663 shares in the company, valued at $31,600,094.04. This represents a 11.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,014 shares of company stock worth $105,416,046 over the last three months.

Circle Internet Group Trading Up 0.2%

Shares of Circle Internet Group stock opened at $148.87 on Wednesday. The business’s fifty day simple moving average is $139.13. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99. The stock has a market cap of $34.16 billion and a PE ratio of -11,764.74.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRCL. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Circle Internet Group in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Circle Internet Group from $163.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Circle Internet Group from $80.00 to $89.00 and gave the company an “underweight” rating in a research note on Tuesday, August 19th. Wall Street Zen cut shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Finally, Citizens Jmp started coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $165.54.

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.