Oddo BHF Asset Management Sas Purchases 10,476 Shares of Circle Internet Group, Inc. $CRCL

Oddo BHF Asset Management Sas raised its position in shares of Circle Internet Group, Inc. (NYSE:CRCL) by 18.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,538 shares of the company’s stock after purchasing an additional 10,476 shares during the period. Oddo BHF Asset Management Sas’ holdings in Circle Internet Group were worth $6,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRCL. Guardian Partners Inc. bought a new stake in shares of Circle Internet Group in the first quarter valued at about $286,000. Amundi increased its position in Circle Internet Group by 165.4% during the 1st quarter. Amundi now owns 98,512 shares of the company’s stock valued at $9,399,000 after purchasing an additional 61,393 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Circle Internet Group by 105.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock valued at $112,000 after purchasing an additional 602 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Circle Internet Group by 112.0% in the 1st quarter. California State Teachers Retirement System now owns 6,227 shares of the company’s stock worth $594,000 after purchasing an additional 3,290 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Circle Internet Group during the first quarter valued at approximately $367,000.

Insider Buying and Selling at Circle Internet Group

In related news, Director Patrick Sean Neville sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $62.65, for a total value of $3,132,500.00. Following the completion of the transaction, the director owned 2,018 shares in the company, valued at $126,427.70. This trade represents a 96.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nikhil Chandhok sold 26,666 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $63.90, for a total value of $1,703,957.40. Following the completion of the transaction, the insider owned 725,068 shares of the company’s stock, valued at $46,331,845.20. This trade represents a 3.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,956,527 shares of company stock valued at $155,711,921. Company insiders own 10.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird reduced their price objective on shares of Circle Internet Group from $138.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. HC Wainwright upgraded Circle Internet Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $150.00 in a report on Monday, May 18th. Sanford C. Bernstein restated an “outperform” rating and set a $140.00 price objective on shares of Circle Internet Group in a research note on Wednesday. Raymond James Financial started coverage on Circle Internet Group in a research note on Tuesday, July 21st. They issued a “market perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $101.00 price target on shares of Circle Internet Group in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $110.12.

Circle Internet Group Stock Down 4.8%

Shares of Circle Internet Group stock opened at $61.26 on Thursday. The company has a 50 day moving average price of $78.05 and a 200 day moving average price of $86.90. The firm has a market capitalization of $15.23 billion and a P/E ratio of -19.14. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $193.33.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Monday, May 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The company had revenue of $694.13 million for the quarter. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, research analysts anticipate that Circle Internet Group, Inc. will post 0.86 earnings per share for the current fiscal year.

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.