CenterBook Partners LP Has $8.80 Million Position in Circle Internet Group, Inc. $CRCL

CenterBook Partners LP raised its position in Circle Internet Group, Inc. (NYSE:CRCL) by 1,069.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 66,357 shares of the company’s stock after buying an additional 60,685 shares during the quarter. CenterBook Partners LP’s holdings in Circle Internet Group were worth $8,798,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. General Catalyst Group Management LLC bought a new stake in shares of Circle Internet Group in the second quarter worth $3,647,694,000. Marshall Wace LLP acquired a new stake in Circle Internet Group in the 2nd quarter valued at $1,547,214,000. Vanguard Group Inc. lifted its position in Circle Internet Group by 61.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after buying an additional 2,126,072 shares in the last quarter. ARK Investment Management LLC acquired a new position in shares of Circle Internet Group during the 2nd quarter worth about $530,165,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Circle Internet Group by 282.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,299,374 shares of the company’s stock worth $172,271,000 after buying an additional 959,309 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRCL shares. Zacks Research downgraded Circle Internet Group from a “hold” rating to a “strong sell” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Monness Crespi & Hardt began coverage on Circle Internet Group in a report on Monday, November 10th. They set a “buy” rating and a $150.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, November 12th. Finally, Compass Point upgraded shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.76.

Insiders Place Their Bets

In other Circle Internet Group news, Director Rajeev V. Date sold 127,247 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $72.29, for a total value of $9,198,685.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Fox-Geen sold 23,830 shares of Circle Internet Group stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $90.00, for a total value of $2,144,700.00. Following the sale, the chief financial officer directly owned 282,173 shares in the company, valued at $25,395,570. The trade was a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 360,016 shares of company stock worth $28,288,252.

Circle Internet Group Trading Up 2.7%

NYSE CRCL opened at $61.64 on Wednesday. The company has a market cap of $14.51 billion and a price-to-earnings ratio of -26.92. The company has a 50 day moving average of $74.18 and a 200-day moving average of $104.58. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $298.99.

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 USD Coin (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.