Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CFO Jeremy Fox-Geen sold 4,238 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $73.06, for a total transaction of $309,628.28. Following the sale, the chief financial officer owned 294,815 shares of the company’s stock, valued at approximately $21,539,183.90. This represents a 1.42% decrease in their position. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeremy Fox-Geen also recently made the following trade(s):
- On Wednesday, October 21st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $1,350,000.00.
- On Friday, October 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The shares were sold at an average price of $85.78, for a total value of $363,535.64.
- On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were 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 stock was sold at an average price of $92.20, for a total transaction of $1,383,000.00.
- On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The stock was 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 stock was sold at an average price of $75.00, for a total value of $635,700.00.
Circle Internet Group Stock Performance
Circle Internet Group stock traded up $3.25 during midday trading on Tuesday, reaching $75.33. The company’s stock had a trading volume of 8,591,297 shares, compared to its average volume of 14,278,316. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $140.00. The stock’s 50 day simple moving average is $86.96 and its 200 day simple moving average is $85.76. The firm has a market capitalization of $19.13 billion, a PE ratio of 51.60 and a beta of 0.73.
Circle Internet Group (NYSE:CRCL – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The company had revenue of $701.32 million for the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.48) earnings per share. Equities analysts predict that Circle Internet Group, Inc. will post 1.12 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Ethic Inc. grew its position in shares of Circle Internet Group by 21.2% in the third quarter. Ethic Inc. now owns 5,361 shares of the company’s stock valued at $441,000 after purchasing an additional 939 shares during the period. 180 Wealth Advisors LLC acquired a new position in Circle Internet Group in the third quarter valued at $333,000. StoneX Group Inc. acquired a new position in Circle Internet Group in the third quarter valued at $1,440,000. Pictet Asset Management Holding SA lifted its position in Circle Internet Group by 54.9% during the third quarter. Pictet Asset Management Holding SA now owns 134,636 shares of the company’s stock worth $11,063,000 after buying an additional 47,714 shares during the period. Finally, CenterBook Partners LP purchased a new position in Circle Internet Group during the third quarter worth about $808,000.
Analyst Upgrades and Downgrades
Several research firms recently commented on CRCL. Wolfe Research boosted their price objective on shares of Circle Internet Group from $50.00 to $65.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 25th. Keefe, Bruyette & Woods assumed coverage on Circle Internet Group in a report on Tuesday, September 8th. They issued a “market perform” rating and a $105.00 price target for the company. Robert W. Baird cut their price target on Circle Internet Group from $138.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 13th. HC Wainwright decreased their price objective on Circle Internet Group from $115.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Zacks Research upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.94.
Get Our Latest Stock Report on Circle Internet Group
Circle Internet Group Company Profile
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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