IvyRock Asset Management HK Ltd Sells 113,520 Shares of Circle Internet Group, Inc. $CRCL

IvyRock Asset Management HK Ltd reduced its stake in Circle Internet Group, Inc. (NYSE:CRCL) by 40.0% during the third quarter, Holdings Channel.com reports. The firm owned 169,980 shares of the company’s stock after selling 113,520 shares during the period. Circle Internet Group accounts for about 7.4% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 5th largest position. IvyRock Asset Management HK Ltd’s holdings in Circle Internet Group were worth $13,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. lifted its position in Circle Internet Group by 952.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 343 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of Circle Internet Group in the third quarter worth approximately $45,000. Western Wealth Management LLC bought a new position in shares of Circle Internet Group in the first quarter worth approximately $57,000. TrinityBridge Ltd grew its holdings in shares of Circle Internet Group by 93.9% in the third quarter. TrinityBridge Ltd now owns 640 shares of the company’s stock worth $53,000 after purchasing an additional 310 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Circle Internet Group by 170.0% in the third quarter. Versant Capital Management Inc now owns 656 shares of the company’s stock worth $54,000 after buying an additional 413 shares during the period.

Latest Circle Internet Group News

Investors following CRCL have been watching these news items:

• Positive Sentiment: Circle and Global Citizen announced a multi-year partnership to expand economic opportunity in Africa through digital financial innovation, potentially broadening USDC use and Circle’s payments reach. Article: Global Citizen and Circle Partner to Expand Economic Opportunity Across Africa
• Neutral Sentiment: Wall Street’s consensus rating is “Hold,” with an average price target of $91.44. HC Wainwright maintained a “Buy” rating and $100 target despite lowering its forecasts. Article: Circle Internet Group Stock Rated Hold
• Negative Sentiment: HC Wainwright cut its FY2027 EPS estimate to $1.28 from $1.39 and its Q4 2027 estimate to $0.38 from $0.42, signaling a less favorable earnings outlook. Analyst estimate report

Analyst Upgrades and Downgrades

CRCL has been the subject of a number of recent analyst reports. UBS Group lowered shares of Circle Internet Group to an “underweight” rating in a report on Thursday, November 5th. Wall Street Zen cut shares of Circle Internet Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, November 8th. The Goldman Sachs Group reissued an “underperform” rating on shares of Circle Internet Group in a report on Wednesday, September 9th. Compass Point upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Thursday, November 5th. Finally, Susquehanna decreased their price objective on shares of Circle Internet Group from $92.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $91.44.

Circle Internet Group Stock Performance

NYSE CRCL opened at $63.84 on Friday. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $140.00. The stock has a 50 day simple moving average of $83.50 and a two-hundred day simple moving average of $85.52. The stock has a market cap of $16.21 billion, a P/E ratio of 40.43 and a beta of 0.84.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.42. The firm had revenue of $864.89 million for the quarter. Circle Internet Group had a return on equity of 13.10% and a net margin of 15.27%. Circle Internet Group’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. Sell-side analysts predict that Circle Internet Group, Inc. will post 1.20 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $73.06, for a total value of $309,628.28. Following the sale, the chief financial officer owned 294,815 shares in the company, valued at $21,539,183.90. The trade was a 1.42% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Tamara Schulz sold 1,194 shares of Circle Internet Group stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $73.06, for a total transaction of $87,233.64. Following the completion of the sale, the chief accounting officer owned 92,024 shares in the company, valued at approximately $6,723,273.44. This trade represents a 1.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 423,396 shares of company stock valued at $36,226,299 over the last three months. Insiders own 10.85% of the company’s stock.

Circle Internet Group Profile

Circle Internet Group develops digital financial infrastructure centered on stablecoins and blockchain-based payments. Its principal products include USDC, a U.S. dollar-pegged stablecoin, and EURC, a euro-pegged stablecoin. The company also provides services and software that help businesses use digital currencies for payments and financial applications. Circle Mint is a platform for eligible institutions to mint and redeem USDC and EURC. Circle also offers developer tools and infrastructure, including its Cross-Chain Transfer Protocol, which supports the movement of USDC across compatible blockchains.