Circle Internet Group (NYSE:CRCL) Research Coverage Started at Compass Point

Compass Point assumed coverage on shares of Circle Internet Group (NYSE:CRCL) in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $205.00 price objective on the stock.

Several other analysts have also recently weighed in on the company. Seaport Res Ptn raised Circle Internet Group to a “strong-buy” rating in a research report on Friday, June 20th. Wall Street Zen raised Circle Internet Group to a “hold” rating in a research report on Saturday, June 14th.

Circle Internet Group Trading Up 7.6%

Circle Internet Group stock opened at $213.78 on Tuesday. Circle Internet Group has a fifty-two week low of $64.00 and a fifty-two week high of $298.99.

Insider Transactions at Circle Internet Group

In other news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $104,036,213.20. Following the sale, the insider now directly owns 20,120,769 shares of the company’s stock, valued at $589,538,531.70. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Fox-Geen sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $5,860,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,371 shares in the company, valued at approximately $9,386,870.30. This represents a 38.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,682,884 shares of company stock valued at $195,808,501 in the last ninety days.

Circle Internet Group Company Profile

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.