Leonteq Securities AG Invests $6.91 Million in Circle Internet Group, Inc. $CRCL

Leonteq Securities AG acquired a new position in Circle Internet Group, Inc. (NYSE:CRCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,163 shares of the company’s stock, valued at approximately $6,912,000.

Several other large investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group in the second quarter worth $27,000. PNC Financial Services Group Inc. increased its position in shares of Circle Internet Group by 14.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock worth $154,000 after acquiring an additional 151 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group during the 3rd quarter valued at $27,000. Finally, Montag A & Associates Inc. acquired a new stake in Circle Internet Group during the 3rd quarter valued at $33,000.

Insider Activity

In other Circle Internet Group news, President Heath Tarbert sold 122,007 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $94.23, for a total transaction of $11,496,719.61. Following the transaction, the president directly owned 599,156 shares in the company, valued at $56,458,469.88. This represents a 16.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick Sean Neville sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 618,664 shares of company stock worth $60,410,221 over the last ninety days. Insiders own 10.85% of the company’s stock.

Circle Internet Group Price Performance

NYSE CRCL opened at $111.48 on Thursday. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99. The company has a market capitalization of $27.52 billion and a price-to-earnings ratio of -34.84. The company’s fifty day moving average price is $107.17 and its two-hundred day moving average price is $89.39.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company had revenue of $694.13 million for the quarter. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, analysts anticipate that Circle Internet Group, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $160.00 price target on shares of Circle Internet Group in a report on Wednesday, March 25th. Mizuho raised their price target on shares of Circle Internet Group from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Needham & Company LLC raised their price target on shares of Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley raised their price target on shares of Circle Internet Group from $80.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.12.

Circle Internet Group 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.