Danita Ostling Sells 2,662 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Danita Ostling sold 2,662 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $84.69, for a total value of $225,444.78. Following the transaction, the director directly owned 26,290 shares in the company, valued at approximately $2,226,500.10. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Circle Internet Group Stock Up 0.0%

CRCL opened at $76.59 on Wednesday. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99. The firm’s 50 day moving average is $125.25.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. Circle Internet Group’s quarterly revenue was up 65.9% compared to the same quarter last year.

Hedge Funds Weigh In On Circle Internet Group

A number of institutional investors and hedge funds have recently bought and sold shares of CRCL. General Catalyst Group Management LLC purchased a new position in shares of Circle Internet Group in the second quarter valued at $3,647,694,000. Marshall Wace LLP bought a new stake in shares of Circle Internet Group in the 2nd quarter worth about $1,547,214,000. Vanguard Group Inc. increased its holdings in Circle Internet Group by 61.6% in the third quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock valued at $739,624,000 after buying an additional 2,126,072 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of Circle Internet Group by 1.5% in the 3rd quarter. ARK Investment Management LLC now owns 2,966,940 shares of the company’s stock valued at $393,357,000 after acquiring an additional 42,537 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of Circle Internet Group by 282.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,299,374 shares of the company’s stock valued at $172,271,000 after buying an additional 959,309 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CRCL shares. Citizens Jmp began coverage on Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating for the company. Citigroup started coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised Circle Internet Group from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $94.00 to $100.00 in a report on Thursday, November 13th. Canaccord Genuity Group reissued a “buy” rating and set a $247.00 price objective on shares of Circle Internet Group in a research note on Thursday, September 11th. Finally, Rothschild Redb upgraded Circle Internet Group to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Circle Internet Group has an average rating of “Hold” and a consensus target price of $150.53.

About Circle Internet Group

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.