Insider Selling: Circle Internet Group (NYSE:CRCL) Insider Sells 10,000 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCLGet Free Report) insider Nikhil Chandhok sold 10,000 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $123.08, for a total transaction of $1,230,800.00. Following the completion of the transaction, the insider owned 540,376 shares of the company’s stock, valued at approximately $66,509,478.08. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nikhil Chandhok also recently made the following trade(s):

  • On Thursday, February 26th, Nikhil Chandhok sold 20,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $1,800,000.00.

Circle Internet Group Trading Down 19.5%

Shares of NYSE CRCL opened at $101.90 on Wednesday. The stock has a market cap of $25.15 billion and a P/E ratio of -54.79. The business’s fifty day simple moving average is $83.26 and its 200-day simple moving average is $97.76. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99.

Circle Internet Group (NYSE:CRCLGet Free Report) last released its 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 firm’s revenue was up 76.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Compass Point upgraded shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 target price on the stock in a research note on Thursday, January 29th. Wells Fargo & Company decreased their price target on shares of Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC lowered their price target on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Clear Str raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Finally, Sanford C. Bernstein set a $190.00 price objective on shares of Circle Internet Group in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.29.

Get Our Latest Stock Analysis on CRCL

Circle Internet Group News Roundup

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

Institutional Investors Weigh In On Circle Internet Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC acquired a new position in Circle Internet Group in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC increased its stake in Circle Internet Group by 3,800.0% in the third 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. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group during the second quarter worth approximately $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in shares of Circle Internet Group during the 4th quarter worth approximately $29,000.

About Circle Internet Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Circle Internet Group (NYSE:CRCL)

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