Assenagon Asset Management S.A. Purchases New Stake in Circle Internet Group, Inc. $CRCL

Key Points

• Assenagon Asset Management bought a new 56,361-share stake in Circle Internet Group during the second quarter, valued at approximately $3.53 million. Several other institutional investors also initiated or increased positions.
• Circle reported quarterly EPS of $0.18, missing the $0.26 consensus estimate, although revenue rose 6.6% year over year to $701.32 million. Management is highlighting its Arc blockchain platform as a potential growth and revenue driver.
• Analyst sentiment remains mixed: Circle has a consensus “Hold” rating and a $97.12 target price, while near-term earnings estimates were reduced. Insider selling has also been significant, with more than $159 million in shares sold over the past 90 days, mostly through pre-arranged plans.

Assenagon Asset Management S.A. purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 56,361 shares of the company's stock, valued at approximately $3,530,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in Circle Internet Group by 28.6% during the 2nd quarter. GAMMA Investing LLC now owns 715 shares of the company's stock worth $45,000 after buying an additional 159 shares in the last quarter. Larson Financial Group LLC grew its stake in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Harbour Investments Inc. increased its holdings in Circle Internet Group by 170.0% during the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company's stock worth $30,000 after buying an additional 238 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Circle Internet Group during the 3rd quarter worth approximately $37,000.

Key Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: HC Wainwright maintains a bullish stance: The firm kept a “Buy” rating and a $104 price target, well above recent trading levels. Its projections call for 2027 EPS of $1.39, including $0.40 in Q1, $0.33 in Q3 and $0.42 in Q4, compared with the current-year consensus estimate of $0.88. This supports the view that Circle’s earnings could accelerate over time.
• Positive Sentiment: Arc is central to Circle’s growth strategy: Management raised its 2026 other-revenue outlook ahead of Arc’s planned September 16 mainnet launch. Investors may view the blockchain platform as a potential new source of revenue and adoption. CRCL Q2 Earnings Call Highlights Arc-Led Revenue Outlook
• Neutral Sentiment: Analyst views remain divided: CRCL’s recent trading strength reflects continued investor interest, but commentary notes that analysts remain split on valuation and the path back toward $100. The stock is still below its 12-month high and has declined year to date, leaving substantial upside if Circle executes successfully. Circle Internet Group Stock Jumps Tuesday. Analysts Are Still Split on the Stock.
• Negative Sentiment: Near-term earnings forecasts were trimmed: HC Wainwright lowered its Q3 2026 EPS estimate to $0.34 from $0.37 and its Q4 estimate to $0.51 from $0.55. These cuts suggest some pressure on near-term profitability, even though longer-term estimates remain constructive.
• Negative Sentiment: Insider selling adds a cautious signal: Director Nikhil Chandhok sold 26,666 shares for approximately $1.79 million under a pre-arranged Rule 10b5-1 plan, reducing his position by 3.58%. Because the sale was scheduled in advance, it may not reflect a change in his view of the company, but it can still weigh on sentiment. SEC insider transaction filing

Wall Street Analysts Forecast Growth

CRCL has been the topic of a number of research reports. Needham & Company LLC decreased their price objective on Circle Internet Group from $150.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Raymond James Financial assumed coverage on shares of Circle Internet Group in a research report on Tuesday, July 21st. They set a "market perform" rating on the stock. Wall Street Zen downgraded shares of Circle Internet Group from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. KeyCorp began coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They set a "sector weight" rating on the stock. Finally, Compass Point set a $62.00 price target on Circle Internet Group in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and three 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 $97.12.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 1,034,396 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $82.87, for a total value of $85,720,396.52. Following the completion of the sale, the director owned 2,018 shares in the company, valued at approximately $167,231.66. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, insider Nikhil Chandhok sold 489,737 shares of Circle Internet Group stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $72.37, for a total value of $35,442,266.69. Following the sale, the insider owned 521,809 shares in the company, valued at $37,763,317.33. The trade was a 48.41% decrease in their ownership of the stock. 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 2,054,163 shares of company stock worth $159,286,990 over the last ninety days. 10.85% of the stock is owned by corporate insiders.

Circle Internet Group Stock Performance

Shares of CRCL stock opened at $71.42 on Thursday. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $164.64. The stock's fifty day moving average price is $69.82 and its two-hundred day moving average price is $85.99. The company has a market cap of $17.75 billion, a PE ratio of 48.92 and a beta of 0.23.

Circle Internet Group (NYSE:CRCL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08). Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The company had revenue of $701.32 million for the quarter. During the same period last year, the business earned ($4.48) EPS. Circle Internet Group's revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Circle Internet Group, Inc. will post 0.93 EPS for the current fiscal year.

Circle Internet Group Company 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.

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