Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CEO Jeremy Allaire sold 56,200 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $67.16, for a total value of $3,774,392.00. Following the completion of the sale, the chief executive officer owned 454,379 shares of the company’s stock, valued at $30,516,093.64. The trade was a 11.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Allaire also recently made the following trade(s):
- On Monday, July 6th, Jeremy Allaire sold 3,032 shares of Circle Internet Group stock. The shares were sold at an average price of $67.16, for a total value of $203,629.12.
- On Friday, June 5th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The shares were sold at an average price of $82.93, for a total value of $4,660,666.00.
- On Friday, June 5th, Jeremy Allaire sold 3,032 shares of Circle Internet Group stock. The stock was sold at an average price of $82.93, for a total value of $251,443.76.
Circle Internet Group Trading Down 1.5%
NYSE CRCL traded down $0.97 during trading on Wednesday, reaching $64.18. 8,458,015 shares of the company’s stock were exchanged, compared to its average volume of 15,173,798. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $262.97. The company’s fifty day simple moving average is $93.40 and its 200-day simple moving average is $88.96. The firm has a market capitalization of $15.95 billion and a PE ratio of -20.06.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on CRCL shares. Zacks Research upgraded Circle Internet Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Compass Point raised Circle Internet Group from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $97.00 to $55.00 in a research report on Tuesday, June 30th. Mizuho reduced their price target on Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Needham & Company LLC increased their price objective on Circle Internet Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Freedom Capital raised shares of Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.38.
Read Our Latest Report on CRCL
Institutional Trading of Circle Internet Group
Several large investors have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new position in shares of Circle Internet Group in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its holdings in Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the second quarter valued at approximately $27,000. Bellevue Asset Management LLC bought a new position in shares of Circle Internet Group in the fourth quarter valued at approximately $29,000. Finally, Harbour Investments Inc. lifted its stake in shares of Circle Internet Group by 170.0% in the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after buying an additional 238 shares during the last quarter.
About Circle Internet Group
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 Articles
- Five stocks we like better than Circle Internet Group
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
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.
