Circle Internet Group (NYSE:CRCL) Director M Michele Burns Sells 10,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director M Michele Burns sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $82.00, for a total value of $820,000.00. Following the completion of the sale, the director owned 305,230 shares in the company, valued at $25,028,860. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Circle Internet Group Stock Up 15.3%

Shares of NYSE:CRCL traded up $12.75 during midday trading on Monday, hitting $96.19. The stock had a trading volume of 32,585,178 shares, compared to its average volume of 13,431,398. The business’s 50-day simple moving average is $72.17 and its 200-day simple moving average is $99.61. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99. The company has a market cap of $22.65 billion and a P/E ratio of -42.00.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million for the quarter. Circle Internet Group’s quarterly revenue was up 76.9% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research firms have commented on CRCL. Zacks Research lowered shares of Circle Internet Group from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Compass Point raised shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research note on Thursday, January 29th. Mizuho set a $77.00 price objective on shares of Circle Internet Group and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley started coverage on Circle Internet Group in a report on Monday, February 2nd. They issued an “equal weight” rating and a $66.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.12.

Institutional Investors Weigh In On Circle Internet Group

Several large investors have recently modified their holdings of CRCL. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Circle Internet Group during the 4th quarter valued at about $25,000. Larson Financial Group LLC grew its holdings in shares of 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 buying an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group in the second quarter valued at about $27,000. Finally, Bellevue Asset Management LLC purchased a new position in shares of Circle Internet Group in the 4th quarter worth approximately $29,000.

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 USD Coin (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.