Circle Internet Group (NYSE:CRCL) Director M Michele Burns Sells 25,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director M Michele Burns sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $105.00, for a total value of $2,625,000.00. Following the completion of the sale, the director directly owned 355,230 shares of the company’s stock, valued at $37,299,150. This represents a 6.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

M Michele Burns also recently made the following trade(s):

• On Monday, March 2nd, M Michele Burns sold 80,000 shares of Circle Internet Group stock. The shares were sold at an average price of $94.88, for a total value of $7,590,400.00.
• On Thursday, February 26th, M Michele Burns sold 10,000 shares of Circle Internet Group stock. The shares were sold at an average price of $82.00, for a total value of $820,000.00.

Circle Internet Group Price Performance

CRCL traded down $2.34 on Friday, hitting $103.40. The company had a trading volume of 4,637,868 shares, compared to its average volume of 14,073,194. The stock has a market cap of $24.35 billion and a price-to-earnings ratio of -55.59. The company’s fifty day moving average price is $73.63 and its 200 day moving average price is $99.04. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million for the quarter. The business’s quarterly revenue was up 76.9% on a year-over-year basis.

Analysts Set New Price Targets

A number of research firms have issued reports on CRCL. Mizuho upped their price target on shares of Circle Internet Group from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. Robert W. Baird raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Wells Fargo & Company cut their price target on Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Sanford C. Bernstein set a $190.00 price objective on Circle Internet Group in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $123.47.

Hedge Funds Weigh In On Circle Internet Group

Several large investors have recently added to or reduced their stakes in CRCL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Circle Internet Group during the 4th quarter worth approximately $25,000. Larson Financial Group LLC boosted its stake in Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group in the 2nd quarter valued at $27,000. Finally, Bellevue Asset Management LLC acquired a new position in shares of Circle Internet Group in the 4th quarter valued at $29,000.

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 USD Coin (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.