Rajeev Date Sells 190,867 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Rajeev Date sold 190,867 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $83.58, for a total value of $15,952,663.86. Following the completion of the sale, the director owned 127,247 shares in the company, valued at $10,635,304.26. This represents a 60.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Circle Internet Group Price Performance

Shares of Circle Internet Group stock opened at $76.59 on Wednesday. The firm’s 50-day moving average price is $125.25. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99.

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

Institutional Trading of Circle Internet Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CRCL. ARK Investment Management LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter valued at $530,165,000. Huntleigh Advisors Inc. purchased a new stake in Circle Internet Group in the second quarter valued at $470,000. Covenant Asset Management LLC acquired a new position in Circle Internet Group in the second quarter valued at $363,000. Yong Rong HK Asset Management Ltd purchased a new position in shares of Circle Internet Group during the second quarter worth about $19,942,000. Finally, Acorn Financial Advisory Services Inc. ADV purchased a new position in shares of Circle Internet Group during the second quarter worth about $703,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JMP Securities initiated coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They set a “market perform” rating on the stock. Needham & Company LLC reduced their price objective on Circle Internet Group from $250.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company decreased their target price on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Canaccord Genuity Group restated a “buy” rating and set a $247.00 price target on shares of Circle Internet Group in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Circle Internet Group from $147.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has an average rating of “Hold” and an average 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.