Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CFO Jeremy Fox-Geen sold 45,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $90.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at $29,145,330. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, 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.
- On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total transaction of $714,560.00.
Circle Internet Group Stock Down 0.3%
Shares of Circle Internet Group stock traded down $0.26 on Monday, hitting $87.72. 17,348,036 shares of the company traded hands, compared to its average volume of 14,830,893. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $159.47. The company has a market cap of $22.27 billion, a PE ratio of 60.08 and a beta of 0.22. The company has a 50-day moving average price of $69.22 and a 200 day moving average price of $86.47.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CRCL. Wells Fargo & Company raised their price objective on shares of Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. William Blair restated an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, August 5th. Needham & Company LLC cut their price target on shares of Circle Internet Group from $150.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. HC Wainwright reduced their price objective on shares of Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen cut shares of Circle Internet Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and a consensus price target of $98.47.
View Our Latest Analysis on Circle Internet Group
Institutional Investors Weigh In On Circle Internet Group
Large investors have recently added to or reduced their stakes in the stock. General Catalyst Group Management LLC acquired a new position in Circle Internet Group during the second quarter valued at approximately $3,647,694,000. California State Teachers Retirement System boosted its holdings in shares of Circle Internet Group by 222,662.5% during the 2nd quarter. California State Teachers Retirement System now owns 13,871,418 shares of the company’s stock worth $868,767,000 after buying an additional 13,865,191 shares during the period. Marshall Wace LLP boosted its holdings in shares of Circle Internet Group by 23.8% during the 4th quarter. Marshall Wace LLP now owns 9,978,729 shares of the company’s stock worth $791,313,000 after buying an additional 1,919,205 shares during the period. IDG Accel China Capital II Associates L.P. acquired a new position in Circle Internet Group in the 4th quarter valued at $554,792,000. Finally, Accel XI Associates L.L.C. acquired a new position in Circle Internet Group in the 4th quarter valued at $513,844,000.
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.
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