Hossein Razzaghi Sells 1,831 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) insider Hossein Razzaghi sold 1,831 shares of Circle Internet Group stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $64.40, for a total transaction of $117,916.40. Following the completion of the sale, the insider owned 662,856 shares of the company’s stock, valued at $42,687,926.40. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hossein Razzaghi also recently made the following trade(s):

• On Wednesday, June 10th, Hossein Razzaghi sold 34,623 shares of Circle Internet Group stock. The stock was sold at an average price of $78.85, for a total transaction of $2,730,023.55.

Circle Internet Group Stock Down 0.1%

Shares of CRCL opened at $64.56 on Friday. The company’s fifty day moving average is $94.71 and its 200-day moving average is $89.06. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $262.97. The firm has a market cap of $16.05 billion and a price-to-earnings ratio of -20.17.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The business had revenue of $694.13 million during the quarter. Circle Internet Group’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, research analysts predict that Circle Internet Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Circle Internet Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC bought a new stake in Circle Internet Group during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC increased its position in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group during the second quarter worth approximately $27,000. Bellevue Asset Management LLC acquired a new position in shares of Circle Internet Group during the fourth quarter worth approximately $29,000. Finally, Harbour Investments Inc. boosted its position in shares of Circle Internet Group by 170.0% in the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after acquiring an additional 238 shares during the period.

Circle Internet Group News Roundup

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle completed its second ARC token presale, suggesting continued progress in expanding its crypto product lineup and monetization efforts. Circle Internet Group completes second ARC token presale
• Positive Sentiment: Bernstein reportedly initiated a Buy rating, and some analysts still see upside tied to Circle’s long-term stablecoin growth story.
• Neutral Sentiment: Susquehanna upgraded CRCL to Hold, indicating the market is still balancing growth potential against valuation and competitive risks.
• Neutral Sentiment: Circle’s recent earnings showed revenue growth of 20% year over year, but EPS missed estimates, keeping investors cautious about profitability execution.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, adding to concerns after multiple insider sales.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing worries that executives may be trimming exposure while the stock is weak.
• Negative Sentiment: Reports that Visa is pushing Open USD and that stablecoin competition is increasing are pressuring sentiment by raising questions about Circle’s long-term market share and pricing power. Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC boosted their price target on Circle Internet Group from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Compass Point raised Circle Internet Group from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $97.00 to $55.00 in a report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a $160.00 price objective on shares of Circle Internet Group in a research note on Wednesday, March 25th. William Blair restated an “outperform” rating on shares of Circle Internet Group in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $101.00 target price on shares of Circle Internet Group in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group presently has an average rating of “Hold” and an average price target of $117.38.

Circle Internet Group Company Profile

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.