Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) Director Patrick Sean Neville sold 50,000 shares of Circle Internet Group stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $81.30, for a total value of $4,065,000.00. Following the completion of the sale, the director directly owned 2,018 shares in the company, valued at approximately $164,063.40. This represents a 96.12% decrease in their position. The sale 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.
Patrick Sean Neville also recently made the following trade(s):
- On Monday, June 8th, Patrick Sean Neville sold 1,034,396 shares of Circle Internet Group stock. The shares were sold at an average price of $82.87, for a total value of $85,720,396.52.
- On Friday, May 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.64, for a total value of $463,200.00.
- On Friday, May 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.65, for a total value of $2,779,500.00.
- On Wednesday, April 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $490,200.00.
- On Wednesday, April 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $2,941,200.00.
Circle Internet Group Stock Performance
Shares of Circle Internet Group stock opened at $77.85 on Friday. The business’s 50 day simple moving average is $101.91 and its 200 day simple moving average is $89.84. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The firm has a market cap of $19.35 billion and a PE ratio of -24.33.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Circle Internet Group by 61.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after acquiring an additional 2,126,072 shares during the period. Travelers Companies Inc. bought a new position in shares of Circle Internet Group during the 4th quarter worth approximately $9,557,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Circle Internet Group by 98.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company’s stock worth $204,252,000 after acquiring an additional 1,276,310 shares during the period. CenterBook Partners LP boosted its stake in shares of Circle Internet Group by 1,069.9% during the 3rd quarter. CenterBook Partners LP now owns 66,357 shares of the company’s stock worth $8,798,000 after acquiring an additional 60,685 shares during the period. Finally, Amova Asset Management Americas Inc. boosted its stake in shares of Circle Internet Group by 222.1% during the 3rd quarter. Amova Asset Management Americas Inc. now owns 1,294,079 shares of the company’s stock worth $171,453,000 after acquiring an additional 892,359 shares during the period.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on CRCL. Canaccord Genuity Group restated a “buy” rating and issued a $160.00 price target on shares of Circle Internet Group in a research note on Wednesday, March 25th. Wells Fargo & Company raised their price target on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Clear Str upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 16th. Wall Street Zen downgraded Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings restated 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, ten have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.18.
Get Our Latest Stock Analysis on Circle Internet Group
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.
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