Circle Internet Group (NYSE:CRCL) CAO Tamara Schulz Sells 1,194 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,194 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $87.87, for a total value of $104,916.78. Following the completion of the sale, the chief accounting officer directly owned 96,473 shares of the company’s stock, valued at $8,477,082.51. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Circle Internet Group Stock Up 16.3%

NYSE CRCL opened at $103.08 on Friday. Circle Internet Group, Inc. has a 52 week low of $49.90 and a 52 week high of $159.47. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 70.60 and a beta of 0.59. The company has a fifty day moving average of $71.80 and a two-hundred day moving average of $88.70.

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 the consensus estimate of $0.26 by ($0.08). The business had revenue of $701.32 million for the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. Circle Internet Group’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned ($4.48) EPS. Equities research analysts anticipate that Circle Internet Group, Inc. will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Circle Internet Group

Several institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new stake in Circle Internet Group during the second quarter worth $295,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Circle Internet Group in the 2nd quarter valued at $1,474,000. Invesco Ltd. bought a new position in shares of Circle Internet Group in the 2nd quarter worth $47,640,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth $27,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth $2,649,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $140.00 price target on shares of Circle Internet Group in a report on Wednesday, July 29th. Mizuho set a $45.00 price objective on shares of Circle Internet Group and gave the company a “neutral” rating in a report on Friday, July 31st. KeyCorp started coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They issued a “sector weight” rating for the company. Seaport Research Partners set a $100.00 target price on shares of Circle Internet Group in a research note on Monday, August 17th. Finally, Wolfe Research raised their target price on shares of Circle Internet Group from $50.00 to $65.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $99.35.

Key Stories Impacting Circle Internet Group

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

• Positive Sentiment: Washington’s push for stablecoin regulation is being viewed as a catalyst for Circle, potentially accelerating USDC adoption and supporting a higher valuation. The regulatory optimism outweighed concerns about a bank-backed rival stablecoin. Circle Internet Surges 14% Despite Wall Street Building Rival Stablecoin; Coinbase Spikes 10%
• Positive Sentiment: Commentary highlighting Circle’s reported banking approval, compliance infrastructure, and potential use of stablecoins for AI micropayments and U.S. Treasury-market transactions is strengthening the bullish growth narrative. Circle: Monopoly & Banking Charter Drive AI Growth
• Positive Sentiment: CRCL gained 52.6% in August, substantially outperforming Bitcoin’s 19.9% advance, showing strong momentum and investor enthusiasm around the stablecoin theme. How Circle Internet Stock Gained 52.6% Last Month

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.