Insider Selling: Circle Internet Group (NYSE:CRCL) Director Sells $108,205.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Rajeev Date sold 1,273 shares of Circle Internet Group stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $85.00, for a total transaction of $108,205.00. Following the sale, the director owned 154,346 shares of the company’s stock, valued at approximately $13,119,410. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Circle Internet Group Price Performance

Shares of NYSE CRCL opened at $77.85 on Friday. The company has a market cap of $19.35 billion and a PE ratio of -24.33. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99. The company has a 50-day simple moving average of $101.91 and a 200-day simple moving average of $89.84.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). The firm had revenue of $694.13 million for the quarter. Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. On average, analysts anticipate that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Circle Internet Group

A number of institutional investors have recently bought and sold shares of CRCL. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC grew its holdings in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the second quarter valued at approximately $27,000. Bellevue Asset Management LLC purchased a new stake in Circle Internet Group in the fourth quarter valued at approximately $29,000. Finally, Harbour Investments Inc. grew its holdings in Circle Internet Group by 170.0% in the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after purchasing an additional 238 shares during the period.

Analyst Upgrades and Downgrades

CRCL has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a report on Thursday. Morgan Stanley lifted their price target on shares of Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Needham & Company LLC boosted their target price on shares of Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Circle Internet Group currently has a consensus rating of “Hold” and an average price target of $134.18.

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.