Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 50,000 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCLGet Free Report) Director Patrick Sean Neville sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $62.65, for a total transaction of $3,132,500.00. Following the completion of the sale, the director owned 2,018 shares in the company, valued at $126,427.70. The trade was a 96.12% 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.

Patrick Sean Neville also recently made the following trade(s):

  • On Tuesday, June 9th, Patrick Sean Neville sold 50,000 shares of Circle Internet Group stock. The stock was sold at an average price of $81.30, for a total value of $4,065,000.00.
  • On Monday, June 8th, Patrick Sean Neville sold 1,034,396 shares of Circle Internet Group stock. The shares were sold at an average price of $82.87, for a total value of $85,720,396.52.
  • On Friday, May 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.64, for a total value of $463,200.00.
  • On Friday, May 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.65, for a total transaction of $2,779,500.00.

Circle Internet Group Trading Up 4.2%

Shares of CRCL opened at $64.56 on Friday. Circle Internet Group, Inc. has a twelve month low of $49.90 and a twelve month high of $262.97. The stock’s 50 day moving average is $95.51 and its two-hundred day moving average is $89.23. The firm has a market capitalization of $16.05 billion and a PE ratio of -20.17.

Circle Internet Group (NYSE:CRCLGet Free Report) last issued 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 company 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 revenue for the quarter was up 20.0% compared to the same quarter last year. On average, sell-side analysts predict that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

CRCL has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. 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. HC Wainwright raised shares of Circle Internet Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $150.00 in a research note on Monday, May 18th. Robert W. Baird lifted their price target on shares of Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $160.00 price objective on shares of Circle Internet Group in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Circle Internet Group currently has a consensus rating of “Hold” and a consensus target price of $117.38.

Get Our Latest Stock Report on CRCL

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRCL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Circle Internet Group during the fourth quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group during the 2nd quarter valued at $27,000. Bellevue Asset Management LLC bought a new position in Circle Internet Group during the 4th quarter valued at $29,000. Finally, Harbour Investments Inc. grew its holdings in Circle Internet Group by 170.0% during the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after acquiring an additional 238 shares in the last quarter.

Trending Headlines about Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

  • Positive Sentiment: Circle completed a second ARC token presale, which may indicate continued progress on its crypto product expansion. Circle Internet Group completes second ARC token presale
  • Neutral Sentiment: Some analysts still see meaningful upside for Circle, with comments that the stock remains attractive relative to long-term sales growth even after the recent selloff.
  • Neutral Sentiment: Susquehanna and Compass Point initiated or reiterated neutral views, suggesting the market is still weighing Circle’s growth potential against valuation and regulatory/competitive risks.
  • Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, a large reduction that can weigh on sentiment even though it was disclosed as Rule 10b5-1 activity.
  • Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing concerns that company insiders are trimming exposure while the stock is under pressure.
  • Negative Sentiment: Reports about rising stablecoin competition and Visa’s Open USD push are making investors question whether Circle’s stablecoin economics and long-term competitive advantage are at risk.

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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