Insider Selling: Circle Internet Group (NYSE:CRCL) CAO Sells $127,877.40 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,194 shares of Circle Internet Group stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $107.10, for a total value of $127,877.40. Following the completion of the sale, the chief accounting officer owned 90,829 shares of the company’s stock, valued at $9,727,785.90. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Circle Internet Group Stock Performance

NYSE CRCL opened at $113.45 on Friday. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99. The stock has a 50-day moving average of $103.32 and a 200 day moving average of $90.26. The company has a market capitalization of $28.00 billion and a price-to-earnings ratio of -61.00.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million during the quarter. The firm’s quarterly revenue was up 76.9% compared to the same quarter last year. On average, equities analysts predict that Circle Internet Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC purchased a new position in Circle Internet Group in the 4th quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group in the 2nd quarter worth approximately $27,000. Finally, Bellevue Asset Management LLC purchased a new position in Circle Internet Group in the 4th quarter worth approximately $29,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRCL. Mizuho raised their target price on Circle Internet Group from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, March 13th. Compass Point reissued a “sell” rating and issued a $77.00 target price (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. JPMorgan Chase & Co. dropped their target price on Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Zacks Research upgraded Circle Internet Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and a consensus target price of $129.06.

About Circle Internet Group

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.