Circle Internet Group (NYSE:CRCL) Stock: Insider Jeremy Fox-Geen Sells 4,238 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 4,238 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $85.78, for a total transaction of $363,535.64. Following the transaction, the chief financial officer directly owned 302,930 shares of the company’s stock, valued at $25,985,335.40. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

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

• On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $87.87, for a total transaction of $713,504.40.
• On Tuesday, September 1st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.20, for a total transaction of $1,383,000.00.
• On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total transaction of $4,050,000.00.
• On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total transaction of $635,700.00.

Circle Internet Group Price Performance

NYSE:CRCL traded up $2.22 during mid-day trading on Monday, hitting $83.47. The company’s stock had a trading volume of 9,456,727 shares, compared to its average volume of 14,767,264. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $159.47. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 57.17 and a beta of 0.73. The business’s fifty day moving average is $82.24 and its two-hundred day moving average is $88.71.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The company had revenue of $701.32 million for the quarter. During the same period in the prior year, the firm earned ($4.48) EPS. The business’s revenue was up 6.6% on a year-over-year basis. Analysts anticipate that Circle Internet Group, Inc. will post 1.08 EPS for the current fiscal year.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently made changes to their positions in the business. IDG Accel China Capital II Associates L.P. acquired a new stake in Circle Internet Group in the 4th quarter valued at $554,792,000. Southpoint Capital Advisors LP raised its position in Circle Internet Group by 175.0% during the first quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company’s stock worth $314,853,000 after acquiring an additional 2,100,000 shares during the period. SBI Holdings USA Inc. purchased a new position in Circle Internet Group during the second quarter valued at $101,084,820. IDG China Capital Fund GP III Associates Ltd. purchased a new position in Circle Internet Group during the fourth quarter valued at $103,701,000. Finally, Amova Asset Management Americas Inc. grew its position in shares of Circle Internet Group by 98.6% in the fourth quarter. Amova Asset Management Americas Inc. now owns 2,570,408 shares of the company’s stock valued at $203,936,000 after purchasing an additional 1,276,329 shares during the period.

Analyst Upgrades and Downgrades

CRCL has been the topic of several recent research reports. Canaccord Genuity Group lowered their price objective on Circle Internet Group from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. HC Wainwright cut their target price on shares of Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 6th. TD Cowen boosted their target price on shares of Circle Internet Group from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Raymond James Financial assumed coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They set a “market perform” rating on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Circle Internet Group in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.82.

About Circle Internet Group

Circle Internet Group, Inc is a global financial technology company that develops infrastructure for digital currencies and blockchain-based payments. Its primary product is USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a stable value and support digital transactions, payments and transfers across blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.

The company provides institutional and developer-focused services through Circle Mint, which enables eligible businesses to create, redeem and manage USDC and access related payment and treasury tools.