Circle Internet Group (NYSE:CRCL) Director Sells $2,700,000.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 30,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 26th, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $450,000.00.
• On Friday, December 12th, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $450,000.00.
• On Friday, December 12th, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00.

Circle Internet Group Stock Up 15.3%

CRCL traded up $12.75 on Monday, hitting $96.19. The company’s stock had a trading volume of 32,585,178 shares, compared to its average volume of 13,431,398. The firm has a market cap of $22.65 billion and a P/E ratio of -42.00. The company’s 50 day simple moving average is $72.17 and its 200-day simple moving average is $99.61. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99.

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

Analyst Ratings Changes

CRCL has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Circle Internet Group from a “sell” rating to a “hold” rating in a research report on Saturday. Compass Point raised shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 price target for the company in a report on Thursday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Sanford C. Bernstein set a $190.00 price objective on Circle Internet Group in a research report on Tuesday, January 6th. Finally, William Blair restated an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $122.12.

Hedge Funds Weigh In On Circle Internet Group

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the second quarter worth approximately $27,000. PNC Financial Services Group Inc. lifted its holdings in shares of Circle Internet Group by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock worth $154,000 after acquiring an additional 151 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Circle Internet Group in the 3rd quarter valued at $27,000. Finally, Allworth Financial LP bought a new position in shares of Circle Internet Group during the 2nd quarter valued at $37,000.

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 USD Coin (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.