Tiger Global Management Reduces $34M in Circle Internet Group ($CRCL)
Key Points
- Tiger Global Management changed its Circle Internet Group ($CRCL) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $CRCL is Buy and an average price target of $103.29.
- $CRCL last traded around $67.83.
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Tiger Global Management reduced its position in Circle Internet Group ($CRCL), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Circle Internet Group after selling 500,000 shares during the quarter.
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.
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