2,911 Shares in Circle Internet Group, Inc. $CRCL Acquired by KG&L Capital Management LLC

Key Points

• KG&L Capital Management LLC acquired 2,911 shares of Circle Internet Group, Inc. for approximately $528,000, highlighting growing interest from institutional investors in the stock.
• Analysts have mixed opinions on Circle's stock, with ratings varying from Strong Buy to Sell, and a consensus price target of $170.91.
• Insider trading has seen significant activity, with insiders selling over 831,000 shares worth more than $105 million in the last ninety days.

KG&L Capital Management LLC bought a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,911 shares of the company's stock, valued at approximately $528,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $1,083,000. Exchange Traded Concepts LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $18,397,000. TB Alternative Assets Ltd. acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $363,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $245,000. Finally, Brand Asset Management Group Inc. acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $272,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Compass Point downgraded shares of Circle Internet Group from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $205.00 to $130.00 in a research report on Monday, July 21st. The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 price target on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $247.00 price target on shares of Circle Internet Group in a research report on Thursday, September 11th. Citigroup began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued a "buy" rating and a $243.00 price objective for the company. Finally, Wall Street Zen lowered shares of Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $170.91.

Circle Internet Group Stock Up 1.9%

NYSE:CRCL opened at $127.03 on Friday. The company has a fifty day moving average of $146.77. The company has a market cap of $29.14 billion and a price-to-earnings ratio of -10,038.72. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, Director Rajeev V. Date sold 33,400 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 transaction of $4,244,472.00. Following the completion of the sale, the director owned 248,663 shares in the company, valued at approximately $31,600,094.04. The trade was a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nikhil Chandhok sold 50,000 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 transaction of $6,354,000.00. Following the sale, the insider owned 530,803 shares of the company's stock, valued at $67,454,445.24. This trade represents a 8.61% 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 in the last ninety days.

Circle Internet Group Company Profile

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.

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