Insider Selling: Circle Internet Group (NYSE:CRCL) CEO Sells $4,697,758.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) CEO Jeremy Allaire sold 56,200 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $83.59, for a total transaction of $4,697,758.00. Following the completion of the sale, the chief executive officer directly owned 277,560 shares of the company’s stock, valued at $23,201,240.40. This represents a 16.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, October 5th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The shares were sold at an average price of $83.59, for a total value of $506,889.76.
  • On Tuesday, September 8th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The stock was sold at an average price of $98.04, for a total value of $594,514.56.
  • On Tuesday, September 8th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $5,509,848.00.
  • On Wednesday, August 5th, Jeremy Allaire sold 6,064 shares of Circle Internet Group stock. The shares were sold at an average price of $62.03, for a total value of $376,149.92.
  • On Wednesday, August 5th, Jeremy Allaire sold 56,200 shares of Circle Internet Group stock. The stock was sold at an average price of $62.03, for a total value of $3,486,086.00.

Circle Internet Group Price Performance

Circle Internet Group stock traded down $3.22 during trading hours on Wednesday, reaching $80.91. The company had a trading volume of 8,843,993 shares, compared to its average volume of 14,698,032. The company has a 50-day moving average price of $82.99 and a 200 day moving average price of $88.02. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 55.42 and a beta of 0.73. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $159.47.

Circle Internet Group (NYSE:CRCL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $701.32 million during the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.48) EPS. As a group, research analysts expect that Circle Internet Group, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CRCL shares. HC Wainwright dropped their price objective on Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group reissued an “underperform” rating on shares of Circle Internet Group in a research note on Wednesday, September 9th. Compass Point set a $62.00 target price on Circle Internet Group in a report on Wednesday, July 15th. Weiss Ratings raised Circle Internet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Seaport Research Partners set a $100.00 price target on shares of Circle Internet Group in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $97.82.

Read Our Latest Report on Circle Internet Group

Institutional Trading of Circle Internet Group

Several large investors have recently bought and sold shares of CRCL. WPG Advisers LLC purchased a new position in shares of Circle Internet Group in the 1st quarter valued at approximately $31,000. First Horizon Corp purchased a new stake in Circle Internet Group in the first quarter worth $35,000. Abound Financial LLC purchased a new stake in Circle Internet Group in the first quarter worth $38,000. Global Assets Advisory LLC purchased a new stake in Circle Internet Group in the first quarter worth $43,000. Finally, GAMMA Investing LLC raised its holdings in Circle Internet Group by 28.6% in the second quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after purchasing an additional 159 shares in the last quarter.

About Circle Internet Group

(Get Free Report)

Circle Internet Group, Inc is a global financial technology company that develops infrastructure for digital currencies and blockchain-based payments. Its primary product is USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a stable value and support digital transactions, payments and transfers across blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.

The company provides institutional and developer-focused services through Circle Mint, which enables eligible businesses to create, redeem and manage USDC and access related payment and treasury tools.

See Also

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

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