Carnegie Investment Counsel Purchases New Shares in Circle Internet Group, Inc. $CRCL

Key Points

• Carnegie Investment Counsel purchased 67,380 shares (about $5.34M) of Circle Internet Group (CRCL) in Q4, signaling fresh institutional interest.
• Positive momentum: Circle beat estimates (EPS $0.43 vs. $0.25) and on‑chain activity shows heavy USDC minting (≈$1B in 24 hours), pointing to stronger transaction volumes and revenue potential.
• Offsetting risks: analysts have pared targets and Compass Point downgraded CRCL over margin concerns, while insiders sold 530,874 shares (~$51.6M) in the last three months, raising near‑term selling pressure.

Carnegie Investment Counsel purchased a new stake in Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 67,380 shares of the company's stock, valued at approximately $5,343,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. grew its stake in Circle Internet Group by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company's stock valued at $154,000 after acquiring an additional 151 shares during the period. Larson Financial Group LLC grew its stake 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 valued at $26,000 after acquiring an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group in the 3rd quarter valued at $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in Circle Internet Group in the 3rd quarter valued at $32,000.

Key Headlines Impacting Circle Internet Group

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

• Positive Sentiment: Institutional interest: the Jacob Internet Fund publicly signaled a bet on Circle’s USDC circulation and transaction volumes, reinforcing investor confidence in token demand and potential revenue upside from higher float and settlement activity. Read More.
• Positive Sentiment: On‑chain demand spike: reports of heavy USDC minting (e.g., ~$1B minted within 24 hours) suggest strong transaction activity and could boost settlement volumes and product traction if sustained. This supports revenue drivers outside pure interest income. Read More.
• Neutral Sentiment: Product rollout awareness: Circle’s new managed payments/stablecoin settlement offerings broaden addressable market (banks, payment providers) but require customer adoption and integration before materially moving revenue. Media coverage raises visibility but not immediate cashflow proof. Read More.
• Negative Sentiment: Analyst downgrade and margin concerns: Compass Point cut CRCL to “sell” (PT ~$77) citing a potential margin squeeze in the core USDC business, and other brokers pared targets — these calls triggered a ~7% intraday decline as investors re‑price interest‑dependent revenue risk. Read More.
• Negative Sentiment: Insider sales: directors (including Rajeev Date and M. Michele Burns) executed Rule 10b5‑1 sales totaling small percentages of their holdings. Even pre‑arranged plan sales can be perceived negatively and add selling pressure amidst analyst pessimism. Read More.

Insider Buying and Selling

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 47,908 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $90.00, for a total value of $4,311,720.00. Following the transaction, the chief financial officer owned 261,059 shares of the company's stock, valued at $23,495,310. This represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Patrick Sean Neville sold 30,000 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 530,874 shares of company stock valued at $51,566,025 over the last three months.

Circle Internet Group Trading Up 3.4%

Shares of CRCL stock opened at $88.01 on Friday. The company's 50-day moving average price is $88.31 and its 200-day moving average price is $94.62. The stock has a market cap of $21.72 billion and a price-to-earnings ratio of -47.31. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.18. The firm had revenue of $770.23 million for the quarter. The business's revenue was up 76.9% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRCL shares. Wells Fargo & Company lowered their target price on shares of Circle Internet Group from $128.00 to $111.00 and set an "overweight" rating on the stock in a research note on Thursday, February 26th. Zacks Research raised shares of Circle Internet Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $160.00 target price on shares of Circle Internet Group in a research note on Wednesday, March 25th. Morgan Stanley started coverage on shares of Circle Internet Group in a research note on Monday, February 2nd. They set an "equal weight" rating and a $66.00 target price on the stock. Finally, HC Wainwright started coverage on shares of Circle Internet Group in a research note on Friday, December 19th. They set a "neutral" rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and three have issued 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 $126.41.

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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