Tamara Schulz Sells 1,194 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,194 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $64.40, for a total value of $76,893.60. Following the sale, the chief accounting officer directly owned 85,871 shares in the company, valued at $5,530,092.40. This represents a 1.37% decrease in their position. The sale was disclosed in a filing 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.

Circle Internet Group Price Performance

Circle Internet Group stock opened at $64.56 on Friday. The stock’s fifty day moving average price is $94.71 and its two-hundred day moving average price is $89.06. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $262.97. The firm has a market cap of $16.05 billion and a PE ratio of -20.17.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The company had revenue of $694.13 million during the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The firm’s revenue was up 20.0% compared to the same quarter last year. Sell-side analysts expect that Circle Internet Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a research note on Monday, April 20th. Mizuho reduced their price objective on shares of Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Freedom Capital raised shares of Circle Internet Group to a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley boosted their target price on shares of Circle Internet Group from $80.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.38.

Institutional Investors Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC acquired a new position in Circle Internet Group during the 4th quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the second quarter valued at approximately $27,000. Bellevue Asset Management LLC acquired a new stake in Circle Internet Group in the fourth quarter valued at approximately $29,000. Finally, Harbour Investments Inc. grew its stake in shares of Circle Internet Group by 170.0% during the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after buying an additional 238 shares during the last quarter.

Key Headlines Impacting Circle Internet Group

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

• Positive Sentiment: Circle completed its second ARC token presale, suggesting continued progress in expanding its crypto product lineup and monetization efforts. Circle Internet Group completes second ARC token presale
• Positive Sentiment: Bernstein reportedly initiated a Buy rating, and some analysts still see upside tied to Circle’s long-term stablecoin growth story.
• Neutral Sentiment: Susquehanna upgraded CRCL to Hold, indicating the market is still balancing growth potential against valuation and competitive risks.
• Neutral Sentiment: Circle’s recent earnings showed revenue growth of 20% year over year, but EPS missed estimates, keeping investors cautious about profitability execution.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, adding to concerns after multiple insider sales.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing worries that executives may be trimming exposure while the stock is weak.
• Negative Sentiment: Reports that Visa is pushing Open USD and that stablecoin competition is increasing are pressuring sentiment by raising questions about Circle’s long-term market share and pricing power. Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure

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.