Circle Internet Group (NYSE:CRCL) Director Rajeev Date Sells 1,273 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Rajeev Date sold 1,273 shares of Circle Internet Group stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $95.00, for a total transaction of $120,935.00. Following the sale, the director owned 152,328 shares in the company, valued at $14,471,160. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Circle Internet Group Trading Up 0.1%

NYSE:CRCL traded up $0.05 during midday trading on Wednesday, hitting $94.17. 10,474,343 shares of the company were exchanged, compared to its average volume of 15,618,461. The company has a fifty day simple moving average of $87.06 and a 200 day simple moving average of $95.30. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99. The company has a market capitalization of $23.24 billion and a PE ratio of -50.63.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million for the quarter. The company’s revenue for the quarter was up 76.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. General Catalyst Group Management LLC acquired a new position in shares of Circle Internet Group during the second quarter worth about $3,647,694,000. IDG Accel China Capital II Associates L.P. acquired a new position in shares of Circle Internet Group during the fourth quarter worth about $554,792,000. Accel XI Associates L.L.C. acquired a new position in shares of Circle Internet Group during the fourth quarter worth about $513,844,000. Vanguard Group Inc. increased its stake in shares of Circle Internet Group by 61.6% during the third quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after acquiring an additional 2,126,072 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Circle Internet Group during the fourth quarter worth about $163,948,000.

Analyst Ratings Changes

CRCL has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Circle Internet Group from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, March 13th. The Goldman Sachs Group lifted their price objective on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Circle Internet Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Robert W. Baird lifted their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Wells Fargo & Company dropped 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 research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, 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.