Jeremy Fox-Geen Sells 8,476 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 8,476 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $75.00, for a total transaction of $635,700.00. Following the sale, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at $24,287,775. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Fox-Geen also recently made the following trade(s):

• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $88.00, for a total transaction of $714,560.00.

Circle Internet Group Price Performance

Circle Internet Group stock opened at $71.79 on Friday. The firm’s 50 day simple moving average is $69.34 and its 200-day simple moving average is $85.92. The company has a market cap of $18.22 billion, a P/E ratio of 49.17 and a beta of 0.23. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $159.47.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.08). Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The firm had revenue of $701.32 million during the quarter. During the same period in the previous year, the business posted ($4.48) EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect that Circle Internet Group, Inc. will post 1.04 EPS for the current fiscal year.

Institutional Trading of Circle Internet Group

Several hedge funds and other institutional investors have recently modified their holdings of CRCL. Accel XI Associates L.L.C. acquired a new stake in Circle Internet Group during the second quarter valued at $56,999,563,000. AI Squared Management Ltd purchased a new position in Circle Internet Group in the second quarter valued at about $463,000. Ninepoint Partners LP acquired a new position in Circle Internet Group in the 2nd quarter worth about $251,000. Bank of New York Mellon Corp acquired a new position in Circle Internet Group in the 2nd quarter worth about $25,467,000. Finally, SBI Holdings USA Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth about $101,084,820,000.

Analyst Upgrades and Downgrades

CRCL has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Mizuho set a $45.00 price objective on Circle Internet Group and gave the stock a “neutral” rating in a research note on Friday, July 31st. Freedom Capital upgraded Circle Internet Group to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings raised Circle Internet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley dropped their target price on Circle Internet Group from $38.00 to $37.00 and set an “underweight” rating on the stock in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Circle Internet Group currently has an average rating of “Hold” and an average price target of $97.12.

About Circle Internet Group

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.