Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CEO Jeremy Allaire sold 56,200 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $83.59, for a total transaction of $4,697,758.00. Following the completion of the sale, the chief executive officer directly owned 277,560 shares of the company’s stock, valued at $23,201,240.40. This represents a 16.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Allaire also recently made the following trade(s):
- On Monday, October 5th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The shares were sold at an average price of $83.59, for a total value of $506,889.76.
- On Tuesday, September 8th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The stock was sold at an average price of $98.04, for a total value of $594,514.56.
- On Tuesday, September 8th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $5,509,848.00.
- 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.
Circle Internet Group Price Performance
Circle Internet Group stock traded down $3.22 during trading hours on Wednesday, reaching $80.91. The company had a trading volume of 8,843,993 shares, compared to its average volume of 14,698,032. The company has a 50-day moving average price of $82.99 and a 200 day moving average price of $88.02. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 55.42 and a beta of 0.73. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $159.47.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on CRCL shares. HC Wainwright dropped their price objective on Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group reissued an “underperform” rating on shares of Circle Internet Group in a research note on Wednesday, September 9th. Compass Point set a $62.00 target price on Circle Internet Group in a report on Wednesday, July 15th. Weiss Ratings raised Circle Internet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Seaport Research Partners set a $100.00 price target on shares of Circle Internet Group in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.82.
Read Our Latest Report on Circle Internet Group
Institutional Trading of Circle Internet Group
Several large investors have recently bought and sold shares of CRCL. WPG Advisers LLC purchased a new position in shares of Circle Internet Group in the 1st quarter valued at approximately $31,000. First Horizon Corp purchased a new stake in Circle Internet Group in the first quarter worth $35,000. Abound Financial LLC purchased a new stake in Circle Internet Group in the first quarter worth $38,000. Global Assets Advisory LLC purchased a new stake in Circle Internet Group in the first quarter worth $43,000. Finally, GAMMA Investing LLC raised its holdings in Circle Internet Group by 28.6% in the second quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after purchasing an additional 159 shares in the last quarter.
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.
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