Baader Bank Aktiengesellschaft Invests $1.08 Million in Circle Internet Group, Inc. $CRCL

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake in Circle Internet Group, purchasing 5,973 shares valued at approximately $1,083,000 during the second quarter.
• Insider trading activity includes a significant share sale by Nikhil Chandhok, who sold 50,000 shares for about $6.35 million, reducing his ownership by 8.61%.
• Wall Street analysts have varied opinions on Circle Internet Group, with target price adjustments ranging from $80.00 to $215.00, indicating differing expectations for the company's future performance.

Baader Bank Aktiengesellschaft purchased a new position in Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,973 shares of the company's stock, valued at approximately $1,083,000.

Separately, Brand Asset Management Group Inc. purchased a new position in shares of Circle Internet Group in the 2nd quarter worth about $272,000.

Circle Internet Group Trading Down 4.9%

NYSE CRCL traded down $7.02 on Monday, reaching $137.12. 4,948,217 shares of the company's stock traded hands, compared to its average volume of 22,002,789. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99. The stock has a 50-day moving average price of $155.54. The firm has a market cap of $31.46 billion and a PE ratio of -10,836.10.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, CEO Jeremy Allaire sold 357,812 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 transaction of $45,470,748.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick Sean Neville sold 260,374 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 transaction of $33,088,327.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,014 shares of company stock valued at $105,416,046.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRCL. Sanford C. Bernstein began coverage on shares of Circle Internet Group in a report on Monday, June 30th. They issued an "outperform" rating and a $230.00 price target on the stock. Wall Street Zen downgraded shares of Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Barclays initiated coverage on shares of Circle Internet Group in a report on Monday, June 30th. They issued an "overweight" rating and a $215.00 price target on the stock. Seaport Res Ptn raised shares of Circle Internet Group to a "strong-buy" rating in a report on Friday, June 20th. Finally, Baird R W raised shares of Circle Internet Group to a "hold" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $170.91.

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.