Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 50,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $81.30, for a total value of $4,065,000.00. Following the completion of the transaction, the director owned 2,018 shares of the company’s stock, valued at $164,063.40. The trade was a 96.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, Patrick Sean Neville sold 1,034,396 shares of Circle Internet Group stock. The stock was sold at an average price of $82.87, for a total value of $85,720,396.52.
• On Friday, May 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.64, for a total value of $463,200.00.
• On Friday, May 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.65, for a total value of $2,779,500.00.
• On Wednesday, April 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The stock was sold at an average price of $98.04, for a total value of $490,200.00.
• On Wednesday, April 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $2,941,200.00.

Circle Internet Group Stock Performance

NYSE:CRCL opened at $82.88 on Friday. The stock’s fifty day moving average is $102.17 and its 200 day moving average is $89.93. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99. The firm has a market capitalization of $20.60 billion and a PE ratio of -25.90.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRCL. Morgan Stanley raised their target price on Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Needham & Company LLC lifted their price objective on Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Compass Point restated a “sell” rating and set a $77.00 target price (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. Wells Fargo & Company raised their target price on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $160.00 target price on shares of Circle Internet Group in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Circle Internet Group has a consensus rating of “Hold” and an average target price of $134.18.

Institutional Trading of Circle Internet Group

Institutional investors have recently made changes to their positions in the company. General Catalyst Group Management LLC purchased a new stake in Circle Internet Group in the second quarter valued at approximately $3,647,694,000. IDG Accel China Capital II Associates L.P. acquired a new position in shares of Circle Internet Group in the fourth quarter worth $554,792,000. Accel XI Associates L.L.C. acquired a new position in shares of Circle Internet Group in the fourth quarter worth $513,844,000. Vanguard Group Inc. grew its stake in shares of Circle Internet Group by 61.6% in 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 in the last quarter. Finally, Southpoint Capital Advisors LP grew its stake in shares of Circle Internet Group by 175.0% in the first quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company’s stock worth $314,853,000 after acquiring an additional 2,100,000 shares in the last quarter.

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.