Insider Selling: Circle Internet Group (NYSE:CRCL) CFO Sells 7,200 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $98.04, for a total value of $705,888.00. Following the sale, the chief financial officer owned 371,840 shares of the company’s stock, valued at approximately $36,455,193.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Fox-Geen also recently made the following trade(s):

• On Thursday, April 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $381,420.00.
• On Thursday, February 26th, Jeremy Fox-Geen sold 47,908 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $4,311,720.00.

Circle Internet Group Price Performance

NYSE CRCL traded down $0.19 during mid-day trading on Friday, hitting $90.07. The stock had a trading volume of 12,626,518 shares, compared to its average volume of 19,827,344. The firm’s 50 day moving average is $85.77 and its 200 day moving average is $96.81. The stock has a market capitalization of $22.23 billion and a price-to-earnings ratio of -48.42. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million for the quarter. The business’s revenue was up 76.9% on a year-over-year basis.

Wall Street Analysts Forecast Growth

CRCL has been the subject of several research reports. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. The Goldman Sachs Group raised their target price on shares of Circle Internet Group from $79.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. HC Wainwright started coverage on Circle Internet Group in a research report on Friday, December 19th. They issued a “neutral” rating and a $85.00 price target for the company. Wall Street Zen raised Circle Internet Group from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $160.00 price objective on shares of Circle Internet Group in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.29.

Institutional Investors Weigh In On Circle Internet Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the second quarter worth about $27,000. Larson Financial Group LLC grew its stake in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Circle Internet Group during the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Circle Internet Group during the 3rd quarter worth approximately $32,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Circle Internet Group during the 3rd quarter valued at approximately $33,000.

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.