Insider Selling: Circle Internet Group (NYSE:CRCL) CFO Sells $714,560.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 8,120 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $88.00, for a total value of $714,560.00. Following the sale, the chief financial officer owned 340,066 shares in the company, valued at approximately $29,925,808. This trade represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $107.10, for a total value of $453,889.80.
• On Friday, May 1st, Jeremy Fox-Geen sold 7,200 shares of Circle Internet Group stock. The stock was sold at an average price of $92.64, for a total value of $667,008.00.
• On Thursday, April 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $381,420.00.
• On Wednesday, April 1st, Jeremy Fox-Geen sold 7,200 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $705,888.00.

Circle Internet Group Stock Performance

CRCL opened at $82.88 on Friday. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99. The company has a market cap of $20.60 billion and a P/E ratio of -25.90. The business’s 50-day simple moving average is $102.17 and its 200-day simple moving average is $89.93.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts predict that Circle Internet Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of Circle Internet Group

Several institutional investors and hedge funds have recently bought and sold shares of CRCL. Creative Planning purchased a new stake in Circle Internet Group in the 2nd quarter valued at $295,000. Arrowstreet Capital Limited Partnership purchased a new stake in Circle Internet Group in the 2nd quarter valued at $1,474,000. Invesco Ltd. purchased a new stake in Circle Internet Group in the 2nd quarter valued at $47,640,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter valued at $27,000. Finally, Baird Financial Group Inc. purchased a new stake in Circle Internet Group in the 2nd quarter valued at $2,649,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRCL shares. Freedom Capital upgraded Circle Internet Group to a “hold” rating in a report on Tuesday, April 21st. Robert W. Baird increased their price objective on Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. KeyCorp started coverage on Circle Internet Group in a report on Tuesday, May 26th. They issued a “sector weight” rating on the stock. Finally, Compass Point reiterated a “sell” rating and issued a $77.00 price objective (down from $79.00) on shares of Circle Internet Group in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.18.

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.