Circle Internet Group (NYSE:CRCL) Insider Nikhil Chandhok Sells 50,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) insider Nikhil Chandhok sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $6,354,000.00. Following the transaction, the insider directly owned 530,803 shares in the company, valued at $67,454,445.24. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nikhil Chandhok also recently made the following trade(s):

• On Friday, June 6th, Nikhil Chandhok sold 300,000 shares of Circle Internet Group stock. The shares were sold at an average price of $29.30, for a total transaction of $8,790,000.00.

Circle Internet Group Price Performance

CRCL opened at $134.79 on Friday. The firm’s 50-day moving average price is $183.95. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The company has a market capitalization of $30.00 billion and a price-to-earnings ratio of -10,651.97.

Institutional Trading of Circle Internet Group

Several hedge funds have recently added to or reduced their stakes in CRCL. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group in the second quarter worth about $27,000. North Star Investment Management Corp. bought a new stake in shares of Circle Internet Group in the second quarter valued at approximately $34,000. Hennessy Advisors Inc. bought a new stake in shares of Circle Internet Group in the second quarter valued at approximately $36,000. Allworth Financial LP bought a new stake in shares of Circle Internet Group in the second quarter valued at approximately $37,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Circle Internet Group in the second quarter valued at approximately $40,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Oppenheimer assumed coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They set a “market perform” rating on the stock. The Goldman Sachs Group started coverage on shares of Circle Internet Group in a research report on Tuesday, August 12th. They set a “neutral” rating and a $83.00 price target on the stock. Citigroup started coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They issued a “buy” rating and a $243.00 price objective on the stock. Baird R W raised shares of Circle Internet Group to a “hold” rating in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.91.

About Circle Internet Group

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.