Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 50,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Neville sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $92.09, for a total transaction of $4,604,500.00. Following the transaction, the director directly owned 2,018 shares of the company’s stock, valued at $185,837.62. This represents a 96.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Patrick Sean Neville also recently made the following trade(s):

• On Monday, August 3rd, Patrick Neville sold 50,000 shares of Circle Internet Group stock. The shares were sold at an average price of $59.55, for a total transaction of $2,977,500.00.
• On Wednesday, July 1st, Patrick Neville sold 50,000 shares of Circle Internet Group stock. The shares were sold at an average price of $62.65, for a total value of $3,132,500.00.
• On Tuesday, June 9th, Patrick Neville sold 50,000 shares of Circle Internet Group stock. The shares were sold at an average price of $81.30, for a total value of $4,065,000.00.
• On Monday, June 8th, Patrick Neville sold 1,034,396 shares of Circle Internet Group stock. The stock was sold at an average price of $82.87, for a total value of $85,720,396.52.

Circle Internet Group Trading Up 16.3%

Shares of CRCL stock opened at $103.08 on Friday. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $159.47. The company has a market capitalization of $26.17 billion, a P/E ratio of 70.60 and a beta of 0.59. The stock has a 50 day moving average of $71.80 and a two-hundred day moving average of $88.70.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The firm had revenue of $701.32 million during the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned ($4.48) EPS. Sell-side analysts predict that Circle Internet Group, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRCL shares. Seaport Research Partners set a $100.00 price objective on shares of Circle Internet Group in a report on Monday, August 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $140.00 price target on shares of Circle Internet Group in a research report on Wednesday, July 29th. Morgan Stanley cut their price target on shares of Circle Internet Group from $38.00 to $37.00 and set an “underweight” rating for the company in a research note on Thursday, August 6th. Canaccord Genuity Group decreased their price objective on Circle Internet Group from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Wolfe Research upped their price objective on Circle Internet Group from $50.00 to $65.00 and gave the company an “underperform” rating in a research note on Tuesday, August 25th. One equities 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.35.

Hedge Funds Weigh In On Circle Internet Group

Several institutional investors have recently added to or reduced their stakes in the company. General Catalyst Group Management LLC bought a new stake in Circle Internet Group during the second quarter worth about $3,647,694,000. California State Teachers Retirement System raised its stake in shares of Circle Internet Group by 222,662.5% in the second quarter. California State Teachers Retirement System now owns 13,871,418 shares of the company’s stock valued at $868,767,000 after acquiring an additional 13,865,191 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Circle Internet Group by 23.8% in the 4th quarter. Marshall Wace LLP now owns 9,978,729 shares of the company’s stock worth $791,313,000 after acquiring an additional 1,919,205 shares in the last quarter. IDG Accel China Capital II Associates L.P. acquired a new position in shares of Circle Internet Group in the 4th quarter worth approximately $554,792,000. Finally, Accel XI Associates L.L.C. bought a new stake in Circle Internet Group during the 4th quarter worth approximately $513,844,000.

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

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.