Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) insider Hossein Razzaghi sold 1,830 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $85.78, for a total value of $156,977.40. Following the transaction, the insider directly owned 641,318 shares of the company’s stock, valued at approximately $55,012,258.04. The trade was a 0.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.
Hossein Razzaghi also recently made the following trade(s):
- On Wednesday, September 2nd, Hossein Razzaghi sold 7,458 shares of Circle Internet Group stock. The shares were sold at an average price of $87.87, for a total transaction of $655,334.46.
- On Tuesday, August 4th, Hossein Razzaghi sold 1,829 shares of Circle Internet Group stock. The shares were sold at an average price of $60.08, for a total transaction of $109,886.32.
Circle Internet Group Price Performance
CRCL stock traded up $2.22 during trading on Monday, reaching $83.47. 9,456,727 shares of the company were exchanged, compared to its average volume of 14,767,264. The company has a 50-day moving average of $82.24 and a two-hundred day moving average of $88.71. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 57.17 and a beta of 0.73. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $159.47.
Hedge Funds Weigh In On Circle Internet Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in Circle Internet Group by 9.1% in the second quarter. Allworth Financial LP now owns 1,267 shares of the company’s stock valued at $79,000 after acquiring an additional 106 shares during the last quarter. GAMMA Investing LLC raised its holdings in Circle Internet Group by 28.6% during the 2nd quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after purchasing an additional 159 shares during the last quarter. Raiffeisen Bank International AG raised its holdings in Circle Internet Group by 0.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 30,200 shares of the company’s stock worth $1,891,000 after purchasing an additional 200 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after purchasing an additional 238 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Circle Internet Group by 32.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 981 shares of the company’s stock worth $61,000 after purchasing an additional 239 shares during the period.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on Circle Internet Group from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Mizuho set a $45.00 target price on shares of Circle Internet Group and gave the stock a “neutral” rating in a research report on Friday, July 31st. Morgan Stanley reduced their target price on shares of Circle Internet Group from $38.00 to $37.00 and set an “underweight” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Circle Internet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Finally, Susquehanna reaffirmed a “neutral” rating on shares of Circle Internet Group in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.82.
Check Out Our Latest Stock Analysis on CRCL
About Circle Internet Group
Circle Internet Group, Inc is a global financial technology company that develops infrastructure for digital currencies and blockchain-based payments. Its primary product is USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a stable value and support digital transactions, payments and transfers across blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.
The company provides institutional and developer-focused services through Circle Mint, which enables eligible businesses to create, redeem and manage USDC and access related payment and treasury tools.
Featured Stories
- Five stocks we like better than Circle Internet Group
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for Circle Internet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Circle Internet Group and related companies with MarketBeat.com's FREE daily email newsletter.
