Patrick Sean Neville Sells 33,569 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 33,569 shares of Circle Internet Group stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $85.05, for a total value of $2,855,043.45. Following the completion of the sale, the director directly owned 33,568 shares in the company, valued at $2,854,958.40. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Circle Internet Group Stock Up 0.0%

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

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The company’s revenue for the quarter was up 65.9% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Circle Internet Group by 3,800.0% in the 3rd 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 period. Pilgrim Partners Asia Pte Ltd acquired a new position in Circle Internet Group during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group in the second quarter valued at approximately $27,000. Highline Wealth Partners LLC acquired a new stake in shares of Circle Internet Group in the third quarter valued at approximately $32,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Circle Internet Group in the third quarter valued at approximately $33,000.

Analyst Ratings Changes

CRCL has been the topic of a number of research reports. Oppenheimer began coverage on shares of Circle Internet Group in a research report on Friday, September 12th. They issued a “market perform” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, October 8th. Citizens Jmp initiated coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating for the company. Needham & Company LLC decreased their price objective on Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group has a consensus 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.