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
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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