Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CEO Jeremy Allaire sold 56,200 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $98.04, for a total transaction of $5,509,848.00. Following the sale, the chief executive officer owned 333,760 shares in the company, valued at approximately $32,721,830.40. This trade represents a 14.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Allaire also recently made the following trade(s):
- On Tuesday, September 8th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $594,514.56.
- On Wednesday, August 5th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The shares were sold at an average price of $62.03, for a total value of $376,149.92.
- On Wednesday, August 5th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The stock was sold at an average price of $62.03, for a total value of $3,486,086.00.
- On Monday, July 6th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The stock was sold at an average price of $67.16, for a total value of $3,774,392.00.
- On Monday, July 6th, Jeremy Allaire sold 3,032 shares of Circle Internet Group stock. The stock was sold at an average price of $67.16, for a total value of $203,629.12.
Circle Internet Group Price Performance
NYSE:CRCL traded down $2.38 during midday trading on Thursday, reaching $90.61. 8,255,308 shares of the company traded hands, compared to its average volume of 14,808,106. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 62.06 and a beta of 0.59. The company has a fifty day moving average price of $74.17 and a 200 day moving average price of $89.72. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $159.47.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Raymond James Financial started coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They issued a “market perform” rating on the stock. William Blair restated an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Circle Internet Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Wolfe Research lifted their price target on Circle Internet Group from $50.00 to $65.00 and gave the company an “underperform” rating in a report on Tuesday, August 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $140.00 price objective on shares of Circle Internet Group in a research report on Wednesday, July 29th. 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 four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $99.67.
View Our Latest Research Report on CRCL
Institutional Investors Weigh In On Circle Internet Group
Several institutional investors have recently bought and sold shares of CRCL. Larson Financial Group LLC lifted its stake in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $27,000. Harbour Investments Inc. increased its stake in shares of Circle Internet Group by 170.0% during the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after acquiring an additional 238 shares during the period. WPG Advisers LLC bought a new stake in Circle Internet Group during the first quarter worth approximately $31,000. Finally, First Horizon Corp bought a new stake in Circle Internet Group during the first quarter worth approximately $35,000.
Circle Internet Group Company Profile
Circle Internet Group, Inc is a global financial technology company focused on digital currency and blockchain infrastructure. The company is best known as the issuer of USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a consistent value and facilitate digital payments, trading, and transfers on blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.
Circle provides products and services for businesses, financial institutions, developers, and digital-asset platforms.
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