Jeremy Fox-Geen Sells 23,830 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 23,830 shares of Circle Internet Group stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $90.00, for a total transaction of $2,144,700.00. Following the completion of the transaction, the chief financial officer directly owned 282,173 shares of the company’s stock, valued at $25,395,570. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Circle Internet Group Stock Up 9.3%

Shares of NYSE:CRCL traded up $7.04 during trading on Tuesday, reaching $82.50. 14,951,131 shares of the company’s stock traded hands, compared to its average volume of 18,438,279. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99. The company’s 50 day moving average is $104.27.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million during the quarter. Circle Internet Group’s quarterly revenue was up 65.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRCL. Larson Financial Group LLC raised its position 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 worth $26,000 after acquiring an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Circle Internet Group during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $27,000. Highline Wealth Partners LLC bought a new stake in shares of Circle Internet Group in the 3rd quarter worth approximately $32,000. Finally, Montag A & Associates Inc. acquired a new stake in Circle Internet Group during the third quarter valued at approximately $33,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRCL. Baird R W upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Mizuho cut their target price on Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating on the stock in a research note on Friday, November 14th. Needham & Company LLC reduced their price target on shares of Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Citizens Jmp began coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. Finally, Redburn Partners set a $136.00 price objective on shares of Circle Internet Group in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and an average price target of $144.69.

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.