Rajeev Date Sells 1,273 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCLGet Free Report) Director Rajeev Date sold 1,273 shares of Circle Internet Group stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $85.00, for a total transaction of $108,205.00. Following the sale, the director owned 154,346 shares in the company, valued at approximately $13,119,410. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Circle Internet Group Price Performance

NYSE:CRCL opened at $82.88 on Friday. The firm’s 50 day simple moving average is $102.17 and its 200 day simple moving average is $89.93. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99. The company has a market cap of $20.60 billion and a PE ratio of -25.90.

Circle Internet Group (NYSE:CRCLGet Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.06). The business had revenue of $694.13 million for the quarter. Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The business’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities research analysts expect that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Institutional Trading of Circle Internet Group

Several hedge funds have recently modified their holdings of the stock. CloudAlpha Capital Management Limited Hong Kong raised its holdings in Circle Internet Group by 181.1% during the third quarter. CloudAlpha Capital Management Limited Hong Kong now owns 283,964 shares of the company’s stock worth $37,648,000 after buying an additional 182,954 shares during the last quarter. Vanguard Group Inc. raised its holdings in Circle Internet Group by 61.6% during the third quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after buying an additional 2,126,072 shares during the last quarter. Travelers Companies Inc. acquired a new position in Circle Internet Group during the fourth quarter worth $9,557,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Circle Internet Group by 98.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company’s stock worth $204,252,000 after buying an additional 1,276,310 shares during the last quarter. Finally, CenterBook Partners LP raised its holdings in Circle Internet Group by 1,069.9% during the third quarter. CenterBook Partners LP now owns 66,357 shares of the company’s stock worth $8,798,000 after buying an additional 60,685 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CRCL shares. Morgan Stanley boosted their price target on shares of Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. Mizuho dropped their price target on shares of Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. HC Wainwright upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $150.00 in a research report on Monday, May 18th. Finally, William Blair restated an “outperform” rating on shares of Circle Internet Group in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.18.

Read Our Latest Stock Analysis on CRCL

Circle Internet Group Company Profile

(Get Free Report)

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

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Insider Buying and Selling by Quarter for Circle Internet Group (NYSE:CRCL)

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