Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 15,000 Shares of Company Stock

Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CFO Jeremy Fox-Geen sold 15,000 shares of the firm’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $90.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 302,930 shares in the company, valued at $27,263,700. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Fox-Geen also recently made the following trade(s):

  • On Friday, October 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $85.78, for a total transaction of $363,535.64.
  • On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $87.87, for a total transaction of $713,504.40.
  • On Tuesday, September 1st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.20, for a total value of $1,383,000.00.
  • On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $4,050,000.00.
  • On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total value of $635,700.00.

Circle Internet Group Stock Performance

NYSE CRCL traded down $0.74 during trading on Friday, reaching $85.88. 8,602,136 shares of the company’s stock were exchanged, compared to its average volume of 14,442,650. The stock has a market cap of $21.80 billion, a P/E ratio of 58.82 and a beta of 0.73. The company has a 50 day moving average price of $87.31 and a two-hundred day moving average price of $86.43. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $147.44.

Circle Internet Group (NYSE:CRCL – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. During the same period in the prior year, the company posted ($4.48) earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Research analysts forecast that Circle Internet Group, Inc. will post 1.10 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRCL. Morgan Stanley lowered their price target on Circle Internet Group from $38.00 to $37.00 and set an “underweight” rating for the company in a report on Thursday, August 6th. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, August 5th. Keefe, Bruyette & Woods began coverage on shares of Circle Internet Group in a research report on Tuesday, September 8th. They set a “market perform” rating and a $105.00 price objective for the company. Robert W. Baird reduced their price objective on shares of Circle Internet Group from $138.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Susquehanna restated a “neutral” rating on shares of Circle Internet Group in a report on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $98.24.

Check Out Our Latest Stock Analysis on CRCL

Institutional Trading of Circle Internet Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CRCL. WPG Advisers LLC purchased a new stake in shares of Circle Internet Group in the 1st quarter valued at about $31,000. First Horizon Corp acquired a new stake in shares of Circle Internet Group in the 1st quarter valued at about $35,000. Abound Financial LLC acquired a new stake in shares of Circle Internet Group in the 1st quarter valued at about $38,000. Global Assets Advisory LLC purchased a new position in Circle Internet Group during the 1st quarter worth approximately $43,000. Finally, GAMMA Investing LLC grew its stake 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 buying an additional 159 shares during the last quarter.

About Circle Internet Group

(Get Free Report)

Circle Internet Group, Inc is a global financial technology company focused on digital currencies and blockchain-based payments. The company is best known for issuing USD Coin (USDC), a dollar-backed stablecoin designed to maintain a value of one U.S. dollar and support digital transactions, payments, trading and other financial applications. Circle also issues EURC, a euro-backed stablecoin.

Circle provides infrastructure and services for businesses, financial institutions and developers through products such as Circle Mint, which supports the creation, redemption and transfer of its stablecoins, as well as APIs and developer tools for integrating digital-asset payments and blockchain functionality.

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