Circle Internet Group (NYSE:CRCL) Director Sells $158,472.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Danita Ostling sold 1,200 shares of Circle Internet Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $132.06, for a total value of $158,472.00. Following the completion of the sale, the director directly owned 22,590 shares of the company’s stock, valued at $2,983,235.40. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Circle Internet Group Price Performance

Shares of NYSE CRCL traded up $3.08 during midday trading on Wednesday, hitting $126.73. The stock had a trading volume of 19,346,568 shares, compared to its average volume of 15,682,657. The company’s 50-day simple moving average is $105.61 and its 200 day simple moving average is $90.14. The firm has a market cap of $31.28 billion and a P/E ratio of -39.60. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 3.02% and a negative net margin of 2.76%.The company had revenue of $694.13 million for the quarter. The firm’s revenue was up 20.0% compared to the same quarter last year. Equities analysts expect that Circle Internet Group, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC bought a new stake in Circle Internet Group in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC raised 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 buying an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group in the second quarter valued at approximately $27,000. Finally, Bellevue Asset Management LLC acquired a new position in shares of Circle Internet Group in the fourth quarter valued at approximately $29,000.

Circle Internet Group News Summary

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

• Positive Sentiment: Needham & Company raised its price target on Circle to $150 from $130 and reiterated a buy rating, suggesting meaningful upside from current levels. Circle Internet Group (NYSE:CRCL) Given New $150.00 Price Target at Needham & Company LLC
• Positive Sentiment: Mizuho also lifted its target to $135 from $120, reinforcing Wall Street’s improving view on the stock even though the firm kept a neutral rating. Circle Internet Group (NYSE:CRCL) Given New $135.00 Price Target at Mizuho
• Positive Sentiment: Circle’s Q1 results beat EPS estimates, helped by higher reserve income and a sharp jump in USDC transaction volume, which points to stronger stablecoin adoption. Circle Q1 Earnings Beat Estimates, Revenues Miss but Increase Y/Y
• Positive Sentiment: CEO Jeremy Allaire’s comments backing transaction-based stablecoin rewards added to the bullish narrative around future USDC adoption and usage. Circle CEO Jeremy Allaire Endorses Stablecoin Rewards Based On Transactions Instead Of Passive Holding, Calls It 'Powerful Tailwind' For USDC Adoption
• Neutral Sentiment: Some coverage noted that revenue missed estimates and net income declined, which tempers the enthusiasm despite the growth in USDC volume and revenue still rising year over year. Circle Revenue Rises 20%, But Net Income Drops As USDC Hits $77 Billion
• Neutral Sentiment: Zacks flagged CRCL as one of the trending stocks, reflecting increased investor attention rather than a direct fundamental catalyst. TEAM, CRCL, DDOG Reflect Trending Stocks: Here's Why

Analysts Set New Price Targets

Several research firms have weighed in on CRCL. Compass Point reiterated a “sell” rating and set a $77.00 target price (down from $79.00) on shares of Circle Internet Group in a report on Thursday, April 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a report on Monday, April 20th. Mizuho lifted their target price on Circle Internet Group from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company lifted their target price on Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Clear Str upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.76.

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.