Circle Internet Group, Inc. (NYSE:CRCL – Get 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.
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
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.
Recommended Stories
- Five stocks we like better than Circle Internet Group
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
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.
