Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Circle Internet Group, Inc. $CRCL

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Circle Internet Group, Inc. (NYSE:CRCL) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,713 shares of the company’s stock after selling 5,813 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Circle Internet Group were worth $1,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRCL. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group in the 4th quarter worth about $25,000. Larson Financial Group LLC raised its position in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Circle Internet Group in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter worth about $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group in the 4th quarter worth about $29,000.

Insider Activity at Circle Internet Group

In related news, CFO Jeremy Fox-Geen sold 4,238 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $90.00, for a total transaction of $381,420.00. Following the completion of the sale, the chief financial officer owned 363,726 shares of the company’s stock, valued at $32,735,340. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nikhil Chandhok sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $104.00, for a total transaction of $1,040,000.00. Following the sale, the insider directly owned 536,561 shares of the company’s stock, valued at $55,802,344. The trade was a 1.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 555,874 shares of company stock valued at $54,031,625 over the last three months. Company insiders own 10.85% of the company’s stock.

Circle Internet Group Stock Performance

NYSE CRCL opened at $99.90 on Friday. The firm’s 50 day moving average price is $100.04 and its 200-day moving average price is $90.85. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The company has a market cap of $24.66 billion and a PE ratio of -53.71.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $770.23 million for the quarter. The business’s quarterly revenue was up 76.9% compared to the same quarter last year. On average, analysts forecast that Circle Internet Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRCL shares. Sanford C. Bernstein set a $190.00 target price on shares of Circle Internet Group in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Morgan Stanley set a $80.00 target price on shares of Circle Internet Group in a research note on Monday, April 20th. Canaccord Genuity Group restated a “buy” rating and issued a $160.00 target price on shares of Circle Internet Group in a research note on Wednesday, March 25th. Finally, William Blair restated an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $127.24.

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.