Circle Internet Group (NYSE:CRCL) Insider Hossein Razzaghi Sells 7,458 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) insider Hossein Razzaghi sold 7,458 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $87.87, for a total transaction of $655,334.46. Following the sale, the insider directly owned 644,865 shares of the company’s stock, valued at $56,664,287.55. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

Hossein Razzaghi also recently made the following trade(s):

• On Tuesday, August 4th, Hossein Razzaghi sold 1,829 shares of Circle Internet Group stock. The stock was sold at an average price of $60.08, for a total transaction of $109,886.32.
• On Thursday, July 2nd, Hossein Razzaghi sold 1,831 shares of Circle Internet Group stock. The stock was sold at an average price of $64.40, for a total value of $117,916.40.
• On Wednesday, June 10th, Hossein Razzaghi sold 34,623 shares of Circle Internet Group stock. The shares were sold at an average price of $78.85, for a total value of $2,730,023.55.

Circle Internet Group Price Performance

CRCL stock opened at $103.08 on Friday. The stock has a market capitalization of $26.17 billion, a P/E ratio of 70.60 and a beta of 0.59. The business has a 50-day moving average of $71.80 and a 200-day moving average of $88.70. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $159.47.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The firm had revenue of $701.32 million during the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($4.48) earnings per share. Equities analysts expect that Circle Internet Group, Inc. will post 1.05 EPS for the current year.

Circle Internet Group News Roundup

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

• Positive Sentiment: Investors are interpreting Washington’s stablecoin policy push as a major catalyst for Circle. The regulatory progress could accelerate adoption of its USDC stablecoin and support a higher valuation for the company. Circle Internet Surges 14% Despite Wall Street Building Rival Stablecoin; Coinbase Spikes 10%
• Positive Sentiment: A reported historic banking approval, Circle’s compliance infrastructure, and expanding use cases—including AI micropayments and U.S. Treasury-market applications—are reinforcing the bullish thesis that Circle can become a leading stablecoin platform. Circle: Monopoly & Banking Charter Drive AI Growth

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho set a $45.00 target price on Circle Internet Group and gave the company a “neutral” rating in a research report on Friday, July 31st. Compass Point set a $62.00 price target on Circle Internet Group in a research note on Wednesday, July 15th. Susquehanna boosted their price target on Circle Internet Group from $69.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, August 24th. Wall Street Zen cut Circle Internet Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Seaport Research Partners set a $100.00 price objective on Circle Internet Group in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.35.

Hedge Funds Weigh In On Circle Internet Group

Several institutional investors and hedge funds have recently modified their holdings of CRCL. EverSource Wealth Advisors LLC bought a new position in shares of Circle Internet Group in the second quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in shares of Circle Internet Group by 28.6% during the 2nd quarter. GAMMA Investing LLC now owns 715 shares of the company’s stock worth $45,000 after buying an additional 159 shares during the period. Larson Financial Group LLC grew 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 buying an additional 190 shares during the last quarter. Raiffeisen Bank International AG grew its stake in Circle Internet Group by 0.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 30,200 shares of the company’s stock valued at $1,891,000 after buying an additional 200 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock valued at $30,000 after acquiring an additional 238 shares during the period.

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.