Huntleigh Advisors Inc. Makes New Investment in Circle Internet Group, Inc. $CRCL

Key Points

• Huntleigh Advisors Inc. has purchased 2,595 shares of Circle Internet Group, Inc. valued at approximately $470,000.
• Circle Internet Group recently reported a 53% year-over-year revenue increase, earning $658.08 million, but missed earnings expectations with a loss of ($4.48) per share.
• A total of 831,014 shares of Circle stock worth over $105 million were sold by insiders in the last ninety days, indicating significant insider activity.

Huntleigh Advisors Inc. purchased a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,595 shares of the company's stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRCL. North Star Investment Management Corp. bought a new position in Circle Internet Group during the second quarter worth about $34,000. Hennessy Advisors Inc. bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $36,000. Compagnie Lombard Odier SCmA bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $79,000. CWM LLC bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $115,000. Finally, Westbourne Investments Inc. bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $204,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They issued a "market perform" rating for the company. Redburn Partners set a $136.00 target price on shares of Circle Internet Group in a research note on Friday, October 3rd. Sanford C. Bernstein assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued an "outperform" rating and a $230.00 target price for the company. Compass Point cut shares of Circle Internet Group from a "neutral" rating to a "sell" rating and cut their target price for the company from $205.00 to $130.00 in a research note on Monday, July 21st. Finally, JMP Securities started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $165.54.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, Director Patrick Sean Neville sold 260,374 shares of the company'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 $33,088,327.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nikhil Chandhok sold 50,000 shares of the company'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. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 831,014 shares of company stock worth $105,416,046.

Circle Internet Group Stock Down 1.7%

CRCL stock opened at $126.33 on Friday. The stock has a 50 day moving average of $134.36. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The company has a market cap of $28.98 billion and a PE ratio of -9,983.40.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($4.48) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($4.82). The company had revenue of $658.08 million for the quarter, compared to analysts' expectations of $645.35 million. Circle Internet Group's revenue was up 53.0% on a year-over-year basis.

About Circle Internet Group

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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