Rakuten Securities Inc. Has $3.02 Million Stock Holdings in Circle Internet Group, Inc. $CRCL

Key Points

• Rakuten Securities Inc. boosted its stake in Circle Internet Group by 102.5% in Q4 to 38,042 shares, worth about $3.02 million and representing roughly 1.0% of its portfolio (its 24th-largest holding).
• Insiders sold 555,874 shares last quarter (including CFO Jeremy Fox-Geen's sale of 47,908 shares), totaling about $54.0 million, while insiders still own approximately 10.85% of the company.
• Analyst sentiment is mixed: MarketBeat shows an average rating of "Hold" with a consensus price target of $127.24, and the stock recently traded near $100.03 (12‑month range $49.90–$298.99) with a market cap around $24.7 billion.

Rakuten Securities Inc. lifted its holdings in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) by 102.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,042 shares of the company's stock after acquiring an additional 19,255 shares during the period. Circle Internet Group makes up about 1.0% of Rakuten Securities Inc.'s investment portfolio, making the stock its 24th biggest position. Rakuten Securities Inc.'s holdings in Circle Internet Group were worth $3,017,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CRCL. General Catalyst Group Management LLC acquired a new position in Circle Internet Group in the second quarter worth about $3,647,694,000. Vanguard Group Inc. grew its stake in shares of Circle Internet Group by 61.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company's stock valued at $739,624,000 after purchasing an additional 2,126,072 shares during the period. ARK Investment Management LLC grew its stake in shares of Circle Internet Group by 1.5% in the 3rd quarter. ARK Investment Management LLC now owns 2,966,940 shares of the company's stock valued at $393,357,000 after purchasing an additional 42,537 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Circle Internet Group by 98.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company's stock worth $204,252,000 after buying an additional 1,276,310 shares in the last quarter. Finally, Amova Asset Management Americas Inc. lifted its position in shares of Circle Internet Group by 222.1% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 1,294,079 shares of the company's stock worth $171,453,000 after buying an additional 892,359 shares during the period.

Insider Activity

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 47,908 shares of Circle Internet Group stock in a transaction that occurred on 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 approximately $23,495,310. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick Sean Neville sold 30,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 555,874 shares of company stock valued at $54,031,625. Company insiders own 10.85% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRCL. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $160.00 price target on shares of Circle Internet Group in a research note on Wednesday, March 25th. Wall Street Zen lowered Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Saturday, April 11th. Compass Point reissued a "sell" rating and set a $77.00 price objective (down from $79.00) on shares of Circle Internet Group in a report on Thursday, April 9th. William Blair restated an "outperform" rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Finally, Sanford C. Bernstein set a $190.00 target price on shares of Circle Internet Group in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $127.24.

Circle Internet Group Stock Down 4.2%

Shares of NYSE:CRCL opened at $100.03 on Friday. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99. The company's 50-day moving average price is $96.65 and its two-hundred day moving average price is $92.96. The firm has a market cap of $24.69 billion and a P/E ratio of -53.78.

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