Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CAO Tamara Schulz sold 1,194 shares of Circle Internet Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $87.87, for a total value of $104,916.78. Following the completion of the transaction, the chief accounting officer owned 96,473 shares of the company’s stock, valued at $8,477,082.51. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Price Performance
CRCL traded up $14.44 during trading hours on Thursday, hitting $103.08. 24,582,449 shares of the stock were exchanged, compared to its average volume of 14,892,744. The stock has a market cap of $26.17 billion, a price-to-earnings ratio of 70.60 and a beta of 0.56. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $159.47. The stock has a 50-day simple moving average of $71.12 and a 200-day simple moving average of $88.39.
Circle Internet Group (NYSE:CRCL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The business had revenue of $701.32 million during the quarter. During the same quarter in the prior year, the firm posted ($4.48) EPS. The business’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Circle Internet Group, Inc. will post 1.05 EPS for the current year.
Institutional Investors Weigh In On Circle Internet Group
A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter worth $27,000. Harbour Investments Inc. lifted its holdings in shares of Circle Internet Group by 170.0% in the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after buying an additional 238 shares during the period. WPG Advisers LLC acquired a new stake in shares of Circle Internet Group in the first quarter valued at $31,000. Finally, First Horizon Corp bought a new position in Circle Internet Group during the first quarter valued at about $35,000.
Circle Internet Group News Roundup
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Investors are interpreting Washington’s stablecoin policy push as a major catalyst for Circle. The regulatory progress could accelerate adoption of its USDC stablecoin and support a higher valuation for the company. Circle Internet Surges 14% Despite Wall Street Building Rival Stablecoin; Coinbase Spikes 10%
- Positive Sentiment: A reported historic banking approval, Circle’s compliance infrastructure, and expanding use cases—including AI micropayments and U.S. Treasury-market applications—are reinforcing the bullish thesis that Circle can become a leading stablecoin platform. Circle: Monopoly & Banking Charter Drive AI Growth
Analyst Ratings Changes
CRCL has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on Circle Internet Group from $38.00 to $37.00 and set an “underweight” rating on the stock in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $101.00 target price on shares of Circle Internet Group in a research report on Tuesday, May 12th. KeyCorp started coverage on Circle Internet Group in a research report on Tuesday, May 26th. They set a “sector weight” rating for the company. Canaccord Genuity Group decreased their price target on Circle Internet Group from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Seaport Research Partners set a $100.00 price objective on shares of Circle Internet Group in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $99.35.
View Our Latest Stock Report 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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