Circle Internet Group (NYSE:CRCL – Free Report) had its target price decreased by Deutsche Bank Aktiengesellschaft from $163.00 to $123.00 in a research report released on Wednesday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.
CRCL has been the subject of a number of other reports. The Goldman Sachs Group began coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They set a “neutral” rating and a $83.00 price target for the company. Sanford C. Bernstein began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “outperform” rating and a $230.00 price target for the company. Barclays began coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an “overweight” rating and a $215.00 price target for the company. Oppenheimer began coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They set a “market perform” rating for the company. Finally, Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Circle Internet Group presently has a consensus rating of “Hold” and a consensus target price of $170.91.
View Our Latest Analysis on Circle Internet Group
Circle Internet Group Stock Up 2.3%
Insider Transactions at Circle Internet Group
In other Circle Internet Group news, President Heath Tarbert sold 31,925 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $4,057,029.00. Following the completion of the sale, the president owned 605,870 shares of the company’s stock, valued at approximately $76,993,959.60. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick Sean Neville sold 260,374 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $33,088,327.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,480,290 shares of company stock valued at $297,142,856.
Institutional Investors Weigh In On Circle Internet Group
Several large investors have recently made changes to their positions in the stock. General Catalyst Group Management LLC bought a new stake in shares of Circle Internet Group during the second quarter worth $3,647,694,000. Marshall Wace LLP bought a new stake in shares of Circle Internet Group during the second quarter worth $1,547,214,000. ARK Investment Management LLC bought a new stake in shares of Circle Internet Group during the second quarter worth $530,165,000. Squarepoint Ops LLC bought a new stake in shares of Circle Internet Group during the second quarter worth $73,101,000. Finally, Nikko Asset Management Americas Inc. bought a new stake in shares of Circle Internet Group during the second quarter worth $72,486,000.
Circle Internet Group Company Profile
Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.
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