Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 7,200 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 7,200 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $98.04, for a total value of $705,888.00. Following the sale, the chief financial officer directly owned 371,840 shares of the company’s stock, valued at approximately $36,455,193.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Thursday, April 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $381,420.00.
• On Thursday, February 26th, Jeremy Fox-Geen sold 47,908 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $4,311,720.00.

Circle Internet Group Stock Performance

Shares of NYSE CRCL traded down $0.19 during mid-day trading on Friday, reaching $90.07. 12,626,518 shares of the company’s stock were exchanged, compared to its average volume of 19,827,344. The company’s 50-day moving average is $85.77 and its 200-day moving average is $96.81. The firm has a market capitalization of $22.23 billion and a price-to-earnings ratio of -48.42. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings data 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 company had revenue of $770.23 million during the quarter. The business’s revenue for the quarter was up 76.9% compared to the same quarter last year.

Institutional Investors Weigh In On Circle Internet Group

Several large investors have recently added to or reduced their stakes in CRCL. Creative Planning purchased a new position in Circle Internet Group in the 2nd quarter valued at approximately $295,000. Cetera Investment Advisers purchased a new stake in shares of Circle Internet Group during the second quarter worth $893,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Circle Internet Group in the second quarter valued at $472,000. Hsbc Holdings PLC purchased a new position in Circle Internet Group in the second quarter valued at $9,661,000. Finally, Norges Bank purchased a new position in Circle Internet Group in the second quarter valued at $10,387,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Clear Str upgraded shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, January 21st. Morgan Stanley initiated coverage on Circle Internet Group in a research report on Monday, February 2nd. They set an “equal weight” rating and a $66.00 price target for the company. Finally, Robert W. Baird lifted their price objective on Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.29.

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.