Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 4,238 Shares of Company Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 4,238 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $73.06, for a total transaction of $309,628.28. Following the completion of the sale, the chief financial officer directly owned 294,815 shares in the company, valued at approximately $21,539,183.90. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.

Jeremy Fox-Geen also recently made the following trade(s):

• On Wednesday, October 21st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $1,350,000.00.
• On Friday, October 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $85.78, for a total value of $363,535.64.
• On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $87.87, for a total value of $713,504.40.
• On Tuesday, September 1st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.20, for a total value of $1,383,000.00.
• On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $4,050,000.00.
• On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total value of $635,700.00.

Circle Internet Group Trading Up 4.5%

Shares of CRCL stock opened at $75.33 on Wednesday. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 49.37 and a beta of 0.84. The stock has a 50-day moving average of $86.71 and a 200-day moving average of $85.71. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $140.00.

Circle Internet Group (NYSE:CRCL) last issued its quarterly earnings data 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 company had revenue of $701.32 million for the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. Circle Internet Group’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned ($4.48) EPS. Sell-side analysts forecast that Circle Internet Group, Inc. will post 1.12 earnings per share for the current year.

Institutional Investors Weigh In On Circle Internet Group

A number of hedge funds have recently added to or reduced their stakes in CRCL. Public Employees Retirement System of Ohio acquired a new stake in Circle Internet Group in the second quarter valued at approximately $5,539,000. Fifth Third Bancorp bought a new stake in shares of Circle Internet Group during the first quarter valued at approximately $7,282,000. SBI Holdings USA Inc. bought a new stake in shares of Circle Internet Group during the second quarter valued at approximately $101,084,820. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Circle Internet Group by 13.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,917,764 shares of the company’s stock worth $278,384,000 after purchasing an additional 342,080 shares during the period. Finally, Handelsbanken Fonder AB acquired a new position in shares of Circle Internet Group during the second quarter worth approximately $6,804,000.

Circle Internet Group News Summary

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

• Positive Sentiment: Rising USDC adoption and payment activity, along with an anticipated revenue contribution from ARC, are potential growth drivers heading into the quarterly results. Circle heads into Q3 earnings with ARC revenue boost and USDC headache
• Neutral Sentiment: The CFO, CAO and another insider reported small stock sales under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards. Each retained a substantial holding, making the transactions less indicative of a change in confidence. CFO Form 4 filing
• Negative Sentiment: Analysts expect lower reserve yields and higher expenses to pressure profitability, despite growth in USDC and payments—an important risk for the upcoming earnings report. Circle Internet Gears Up to Report Q3 Earnings: What’s in Store?
• Negative Sentiment: A separate article raises whether CRCL’s valuation is high relative to its earnings, adding to concerns if results or forward guidance disappoint. Is Circle Internet Group (CRCL) Too Expensive for Its Earnings?

Analyst Ratings Changes

Several research analysts have issued reports on the stock. HC Wainwright lowered their price target on shares of Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Zacks Research raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Keefe, Bruyette & Woods began coverage on shares of Circle Internet Group in a research report on Tuesday, September 8th. They set a “market perform” rating and a $105.00 price objective for the company. TD Cowen boosted their target price on shares of Circle Internet Group from $87.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Finally, Raymond James Financial began coverage on shares of Circle Internet Group in a research report on Tuesday, July 21st. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.94.

Circle Internet Group Company Profile

Circle Internet Group, Inc is a global financial technology company focused on digital currencies and blockchain-based payments. The company is best known for issuing USD Coin (USDC), a dollar-backed stablecoin designed to maintain a value of one U.S. dollar and support digital transactions, payments, trading and other financial applications. Circle also issues EURC, a euro-backed stablecoin.

Circle provides infrastructure and services for businesses, financial institutions and developers through products such as Circle Mint, which supports the creation, redemption and transfer of its stablecoins, as well as APIs and developer tools for integrating digital-asset payments and blockchain functionality.