Insider Selling: Circle Internet Group (NYSE:CRCL) Director Sells 36,400 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Rajeev Date sold 36,400 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $75.62, for a total transaction of $2,752,568.00. Following the completion of the sale, the director owned 157,663 shares of the company’s stock, valued at approximately $11,922,476.06. The trade was a 18.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Circle Internet Group Stock Down 9.1%

Shares of CRCL traded down $6.95 during mid-day trading on Wednesday, reaching $69.65. The company had a trading volume of 28,473,505 shares, compared to its average volume of 18,911,037. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The company’s fifty day simple moving average is $125.25.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake 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. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Circle Internet Group in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC bought a new stake in shares of Circle Internet Group during the 3rd quarter valued at about $32,000. Finally, Montag A & Associates Inc. bought a new position in Circle Internet Group in the third quarter worth about $33,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They issued a “market perform” rating for the company. The Goldman Sachs Group assumed coverage on Circle Internet Group in a research note on Tuesday, August 12th. They issued a “neutral” rating and a $83.00 target price for the company. Mizuho decreased their price target on Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating for the company in a report on Friday, November 14th. Rothschild & Co Redburn began coverage on shares of Circle Internet Group in a research report on Friday, October 3rd. They issued a “neutral” rating and a $136.00 price objective for the company. Finally, Oppenheimer initiated coverage on shares of Circle Internet Group in a research note on Friday, September 12th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $150.53.

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.