Circle Internet Group, Inc. $CRCL Shares Newly Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Circle Internet Group, Inc. (NYSE:CRCL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,835 shares of the company’s stock, valued at approximately $907,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Circle Internet Group by 9.1% during the 2nd quarter. Allworth Financial LP now owns 1,267 shares of the company’s stock worth $79,000 after buying an additional 106 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Circle Internet Group by 28.6% in the 2nd quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after buying an additional 159 shares during the last quarter. Raiffeisen Bank International AG grew its holdings in shares of Circle Internet Group by 0.7% in the second quarter. Raiffeisen Bank International AG now owns 30,200 shares of the company’s stock valued at $1,891,000 after acquiring an additional 200 shares in the last quarter. North Dakota State Investment Board grew its holdings in shares of Circle Internet Group by 3.9% in the third quarter. North Dakota State Investment Board now owns 5,477 shares of the company’s stock valued at $450,000 after acquiring an additional 205 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Circle Internet Group by 32.2% in the second quarter. Parkside Financial Bank & Trust now owns 981 shares of the company’s stock valued at $61,000 after acquiring an additional 239 shares in the last quarter.

Circle Internet Group Stock Down 2.5%

CRCL opened at $67.74 on Friday. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 40.81 and a beta of 0.84. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $140.00. The company’s 50-day moving average price is $85.45 and its two-hundred day moving average price is $85.64.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Wednesday, November 4th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.42. Circle Internet Group had a net margin of 15.27% and a return on equity of 13.10%. The firm had revenue of $864.89 million during the quarter. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Circle Internet Group, Inc. will post 1.20 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on CRCL. Needham & Company LLC decreased their price target on Circle Internet Group from $134.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho set a $46.00 price objective on Circle Internet Group in a research report on Thursday. Citigroup began coverage on Circle Internet Group in a research note on Thursday. They issued a “buy” rating for the company. Piper Sandler raised Circle Internet Group to a “neutral” rating in a research report on Thursday. Finally, Susquehanna decreased their target price on Circle Internet Group from $92.00 to $86.00 and set a “neutral” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $94.88.

Insider Buying and Selling

In related news, CEO Jeremy Allaire sold 56,200 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $83.59, for a total value of $4,697,758.00. Following the transaction, the chief executive officer owned 277,560 shares in the company, valued at approximately $23,201,240.40. This represents a 16.84% decrease in their ownership of the stock. 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, insider Hossein Razzaghi sold 1,831 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $73.06, for a total value of $133,772.86. Following the transaction, the insider directly owned 637,770 shares of the company’s stock, valued at approximately $46,595,476.20. This trade represents a 0.29% 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. Insiders have sold a total of 372,633 shares of company stock worth $32,833,583 in the last three months. Insiders own 10.85% of the company’s stock.

Key Headlines Impacting Circle Internet Group

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

• Positive Sentiment: Circle’s Q3 earnings beat estimates, with EPS of $0.84 versus $0.42 expected and revenue up 16.9% year over year. The earnings-call recap also cited payment growth and wider adoption of its Arc strategy, supporting the company’s growth case. CRCL Q3 Earnings Call Highlights Payment Growth and Arc Strategy
• Positive Sentiment: Compass Point upgraded CRCL from neutral to buy with a $99 price target, offering a more bullish counterpoint to recent analyst caution. Compass Point recommendations
• Positive Sentiment: Coverage highlighting Samsung Wallet, USDC and tokenized stock activity points to potential expansion of USDC’s reach and interest in tokenized assets, though adoption and revenue impact remain to be seen. Samsung Wallet and USDC Light the Fuse as CRCL Tokenized Stock Goes Electric
• Neutral Sentiment: Despite trimming price targets, firms including JPMorgan, Wells Fargo, TD Cowen and Needham maintained buy or overweight ratings. This preserves a constructive longer-term view, while signaling more cautious valuation assumptions.
• Negative Sentiment: Circle is reported to be cutting about 5% of its workforce. The move could reduce expenses, but also raises questions about the company’s cost structure and outlook. Circle Internet Group Cuts 5% Of Its Workforce
• Negative Sentiment: Several analysts lowered targets after results, including Deutsche Bank, which cut its target to $65 and kept a hold rating. Investors also face concerns about declining reserve income and distribution costs, which could weigh on profitability even as payments grow.

About Circle Internet Group

Circle Internet Group develops digital financial infrastructure centered on stablecoins and blockchain-based payments. Its principal products include USDC, a U.S. dollar-pegged stablecoin, and EURC, a euro-pegged stablecoin. The company also provides services and software that help businesses use digital currencies for payments and financial applications.

Circle Mint is a platform for eligible institutions to mint and redeem USDC and EURC. Circle also offers developer tools and infrastructure, including its Cross-Chain Transfer Protocol, which supports the movement of USDC across compatible blockchains.