Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 15,000 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $92.20, for a total transaction of $1,383,000.00. Following the completion of the sale, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at approximately $29,857,771.40. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $87.87, for a total transaction of $713,504.40.
• On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total transaction of $4,050,000.00.
• On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total transaction of $635,700.00.
• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total value of $714,560.00.

Circle Internet Group Stock Up 16.3%

Shares of NYSE:CRCL opened at $103.08 on Friday. The business’s 50 day moving average is $71.80 and its 200 day moving average is $88.70. The stock has a market cap of $26.17 billion, a P/E ratio of 70.60 and a beta of 0.59. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $159.47.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same period in the previous year, the business posted ($4.48) earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Circle Internet Group, Inc. will post 1.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, August 5th. Seaport Research Partners set a $100.00 price target on shares of Circle Internet Group in a report on Monday, August 17th. The Goldman Sachs Group reiterated a “neutral” rating and set a $81.00 price objective on shares of Circle Internet Group in a research note on Tuesday, August 25th. Raymond James Financial began coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They set a “market perform” rating on the stock. Finally, TD Cowen boosted their price objective on shares of Circle Internet Group from $82.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $99.35.

More Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Investors are interpreting Washington’s stablecoin policy push as a major catalyst for Circle. The regulatory progress could accelerate adoption of its USDC stablecoin and support a higher valuation for the company. Circle Internet Surges 14% Despite Wall Street Building Rival Stablecoin; Coinbase Spikes 10%
• Positive Sentiment: A reported historic banking approval, Circle’s compliance infrastructure, and expanding use cases—including AI micropayments and U.S. Treasury-market applications—are reinforcing the bullish thesis that Circle can become a leading stablecoin platform. Circle: Monopoly & Banking Charter Drive AI Growth

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the second quarter worth about $27,000. GAMMA Investing LLC increased its holdings in shares of Circle Internet Group by 28.6% during the second quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock valued at $45,000 after acquiring an additional 159 shares in the last quarter. Larson Financial Group LLC increased 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 acquiring an additional 190 shares in the last quarter. Raiffeisen Bank International AG raised its position in shares of Circle Internet Group by 0.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 30,200 shares of the company’s stock valued at $1,891,000 after purchasing an additional 200 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after purchasing an additional 238 shares in the last quarter.

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.