Patrick Sean Neville Sells 260,374 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 260,374 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $33,088,327.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Patrick Sean Neville also recently made the following trade(s):

• On Friday, June 6th, Patrick Sean Neville sold 1,000,000 shares of Circle Internet Group stock. The stock was sold at an average price of $29.30, for a total value of $29,300,000.00.

Circle Internet Group Price Performance

NYSE:CRCL opened at $131.76 on Friday. Circle Internet Group, Inc. has a 12-month low of $64.00 and a 12-month high of $298.99. The stock’s 50-day simple moving average is $183.93. The stock has a market capitalization of $29.32 billion and a PE ratio of -10,412.52.

Wall Street Analysts Forecast Growth

CRCL has been the subject of several research analyst reports. Barclays initiated coverage on Circle Internet Group in a research report on Monday, June 30th. They set an “overweight” rating and a $215.00 target price for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $247.00 price objective on shares of Circle Internet Group in a research note on Monday. Robert W. Baird reduced their price objective on Circle Internet Group from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. Wall Street Zen downgraded Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Circle Internet Group from $163.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and an average target price of $170.91.

Hedge Funds Weigh In On Circle Internet Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $34,000. Hennessy Advisors Inc. purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $36,000. Allworth Financial LP purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $37,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $40,000.

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.