Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) President Heath Tarbert sold 39,240 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $81.47, for a total value of $3,196,882.80. Following the completion of the sale, the president owned 502,558 shares in the company, valued at approximately $40,943,400.26. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Heath Tarbert also recently made the following trade(s):
- On Monday, April 13th, Heath Tarbert sold 15,000 shares of Circle Internet Group stock. The stock was sold at an average price of $95.04, for a total value of $1,425,600.00.
Circle Internet Group Stock Performance
Shares of Circle Internet Group stock opened at $77.85 on Monday. The firm has a 50-day moving average of $101.91 and a 200-day moving average of $89.97. The stock has a market cap of $19.35 billion and a PE ratio of -24.33. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CRCL. General Catalyst Group Management LLC bought a new position in shares of Circle Internet Group in the second quarter worth $3,647,694,000. IDG Accel China Capital II Associates L.P. bought a new position in shares of Circle Internet Group in the fourth quarter worth $554,792,000. Accel XI Associates L.L.C. bought a new position in shares of Circle Internet Group in the fourth quarter worth $513,844,000. Vanguard Group Inc. increased its position in shares of Circle Internet Group by 61.6% in the third quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after purchasing an additional 2,126,072 shares during the period. Finally, Southpoint Capital Advisors LP increased its position in shares of Circle Internet Group by 175.0% in the first quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company’s stock worth $314,853,000 after purchasing an additional 2,100,000 shares during the period.
Analyst Upgrades and Downgrades
CRCL has been the topic of a number of recent research reports. Compass Point reaffirmed a “sell” rating and set a $77.00 price target (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $101.00 price target on shares of Circle Internet Group in a research report on Tuesday, May 12th. Finally, Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.18.
Get Our Latest Stock Analysis on CRCL
Circle Internet Group Company Profile
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.
Featured Stories
- Five stocks we like better than Circle Internet Group
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
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.
