Prospera Financial Services Inc Acquires New Shares in Circle Internet Group, Inc. $CRCL

Prospera Financial Services Inc bought a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL) during the 2nd quarter, HoldingsChannel reports. The firm bought 11,490 shares of the company’s stock, valued at approximately $2,083,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. North Star Investment Management Corp. bought a new position in shares of Circle Internet Group during the second quarter valued at $34,000. Hennessy Advisors Inc. purchased a new position in Circle Internet Group in the 2nd quarter worth about $36,000. Chilton Capital Management LLC bought a new position in Circle Internet Group during the 2nd quarter valued at about $40,000. Emerald Mutual Fund Advisers Trust bought a new position in Circle Internet Group during the 2nd quarter valued at about $52,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Circle Internet Group in the second quarter worth approximately $63,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRCL shares. The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They set a “neutral” rating and a $83.00 price objective on the stock. Redburn Partners set a $136.00 target price on shares of Circle Internet Group in a research note on Friday, October 3rd. Rothschild & Co Redburn began coverage on Circle Internet Group in a research note on Friday, October 3rd. They issued a “neutral” rating and a $136.00 price target on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $247.00 price objective on shares of Circle Internet Group in a research report on Thursday, September 11th. Finally, Monness Crespi & Hardt began coverage on Circle Internet Group in a report on Monday. They issued a “buy” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and a consensus target price of $164.47.

Insider Transactions at Circle Internet Group

In related news, Director Rajeev V. Date sold 33,400 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $4,244,472.00. Following the completion of the sale, the director directly owned 248,663 shares of the company’s stock, valued at approximately $31,600,094.04. This represents a 11.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Fox-Geen sold 33,608 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $121.45, for a total transaction of $4,081,691.60. Following the sale, the chief financial officer owned 297,823 shares in the company, valued at approximately $36,170,603.35. The trade was a 10.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 831,014 shares of company stock valued at $105,416,046.

Circle Internet Group Stock Down 5.7%

Shares of CRCL stock opened at $98.16 on Wednesday. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99. The company’s fifty day simple moving average is $128.81.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Tuesday, August 12th. The company reported ($4.48) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($4.82). The company had revenue of $658.08 million during the quarter, compared to the consensus estimate of $645.35 million. The company’s quarterly revenue was up 53.0% compared to the same quarter last year.

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.