ARK Investment Management Adds $25M in Circle Internet Group ($CRCL)
Key Points
- ARK Investment Management changed its Circle Internet Group ($CRCL) stake by 8.88% last quarter, boosting to 4,509,482 shares worth $305.88 million.
- Wall Street's consensus rating on $CRCL is Buy and an average price target of $103.29.
- $CRCL last traded around $67.83.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
ARK Investment Management increased its position in Circle Internet Group ($CRCL) by 8.88% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,509,482 shares of Circle Internet Group after buying 367,854 shares during the quarter. ARK Investment Management's holdings in Circle Internet Group were worth $305.88 million as of its most recent filing.
Circle Internet Group Stock Down 22.2%
Shares of Circle Internet Group ($CRCL) traded around $67.83 on Saturday, down 22.2% for the day.
Circle Internet Group Earnings
Analysts Set New Price Targets
About Circle Internet Group
Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. The company provides various platform including Arc Blockchain and Developer Infrastructure, an open, layer-1 blockchain network purpose-built to bring real world economic activity onchain; Circle Digital Assets and Services, which includes circle digital assets, USDC, EURC, and USYC, as well as circle mint and xreserve, related liquidity, custody, and trust infrastructure; and Circle Applications, which includes circle payments network and stablefx, applications that use circle digital assets to deliver real-world utility on the arc network and across the broader multichain ecosystem. Its stablecoins network comprises circle stablecoins, tokenized funds, liquidity, payments network, and developer services, as well as integration services. The company was founded in 2013 and is based in New York, New York.
Get Circle Internet Group alerts
New 13F filings, insider trades, and analyst moves on $CRCL, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.