Circle Internet Group, Inc. $CRCL Holdings Trimmed by Stevens Capital Management LP

Key Points

• Stevens Capital cut its stake in Circle by 65.3% in Q4, selling 31,771 shares and retaining 16,888 shares worth about $1.34M, while insiders have sold 613,645 shares (~$59.8M) over the past three months under Rule 10b5‑1 plans.
• Institutional flows and regulatory tailwinds: General Catalyst opened a new position valued at $3.65B and funds like Vanguard and ARK increased holdings, as EU authorizations and a CLARITY Act compromise preserved stablecoin reward mechanics, de‑risking Circle’s USDC yield model.
• Analyst view and recent results: The consensus rating is "Hold" with an average target of $129.06; Circle beat Q4 EPS ($0.43 vs. $0.25) with revenue up 76.9% YoY and shares trading near $114 (market cap ~$28.2B).

Stevens Capital Management LP reduced its position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,888 shares of the company's stock after selling 31,771 shares during the quarter. Stevens Capital Management LP's holdings in Circle Internet Group were worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CRCL. General Catalyst Group Management LLC purchased a new position in shares of Circle Internet Group during the second quarter valued at $3,647,694,000. Vanguard Group Inc. boosted its position in Circle Internet Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company's stock worth $448,292,000 after acquiring an additional 74,414 shares during the period. ARK Investment Management LLC boosted its position in Circle Internet Group by 1.5% during the 3rd quarter. ARK Investment Management LLC now owns 2,966,940 shares of the company's stock worth $393,357,000 after acquiring an additional 42,537 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Circle Internet Group by 98.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company's stock valued at $204,252,000 after acquiring an additional 1,276,310 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its holdings in shares of Circle Internet Group by 222.1% in the 3rd quarter. Amova Asset Management Americas Inc. now owns 1,294,079 shares of the company's stock valued at $171,453,000 after purchasing an additional 892,359 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Freedom Capital raised shares of Circle Internet Group to a "hold" rating in a research report on Tuesday, April 21st. Mizuho boosted their price objective on shares of Circle Internet Group from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Friday, March 13th. Morgan Stanley set a $80.00 price objective on shares of Circle Internet Group in a research note on Monday, April 20th. Sanford C. Bernstein set a $190.00 target price on shares of Circle Internet Group in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded shares of Circle Internet Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $129.06.

Circle Internet Group News Summary

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

• Positive Sentiment: Wells Fargo raised its price target to $142 and put an "overweight" rating on CRCL, providing fresh analyst support and signaling meaningful upside vs. recent levels. Wells Fargo price target raise (Benzinga)
• Positive Sentiment: Progress on the CLARITY Act preserved language around stablecoin reward mechanics — a direct de‑risking of Circle’s USDC yield model and a primary catalyst behind the earlier rally. CLARITY Act coverage (CNBC)
• Positive Sentiment: Regulatory wins in Europe (MiCA/AMF authorization) and legislative clarity are shifting investor preference to regulated crypto infrastructure providers, supporting Circle’s long‑term thesis (increased institutional addressable market).
• Positive Sentiment: Unusually heavy call‑option activity (~138,700 calls) indicates short‑term bullish positioning that can amplify moves on follow‑through headlines.
• Neutral Sentiment: Near‑term catalyst: Circle is due to report earnings in mid‑May. Management commentary and Q1 results will determine whether regulatory tailwinds translate into sustained revenue/margin gains.
• Negative Sentiment: Multiple insiders (CFO, CAO and several directors) recently sold shares under pre‑arranged Rule 10b5‑1 plans to cover tax withholding on vesting awards — a routine explanation, but the volume of sales increases supply and can pressure the stock. Representative SEC filing: Insider Form 4 (SEC)
• Negative Sentiment: Legal and execution risks remain — ongoing class‑action litigation tied to protocol incidents and the challenge of scaling global products could create downside if developments worsen.

Insider Buying and Selling

In related news, Director M Michele Burns sold 10,000 shares of Circle Internet Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $120.15, for a total value of $1,201,500.00. Following the completion of the sale, the director owned 330,206 shares of the company's stock, valued at approximately $39,674,250.90. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tamara L. Schulz sold 1,194 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $107.10, for a total transaction of $127,877.40. Following the completion of the sale, the chief accounting officer owned 90,829 shares of the company's stock, valued at $9,727,785.90. This represents a 1.30% 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. Over the last three months, insiders sold 613,645 shares of company stock valued at $59,812,564. 10.85% of the stock is owned by company insiders.

Circle Internet Group Price Performance

Shares of Circle Internet Group stock opened at $114.07 on Wednesday. The firm has a market cap of $28.15 billion and a price-to-earnings ratio of -61.33. The stock has a 50-day simple moving average of $101.06 and a 200-day simple moving average of $90.40. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.18. The firm had revenue of $770.23 million during the quarter. The business's quarterly revenue was up 76.9% on a year-over-year basis. As a group, equities research analysts predict that Circle Internet Group, Inc. will post 0.84 earnings per share for the current year.

About Circle Internet Group

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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