Jeremy Fox-Geen Sells 23,830 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 23,830 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $90.00, for a total transaction of $2,144,700.00. Following the transaction, the chief financial officer owned 282,173 shares of the company’s stock, valued at approximately $25,395,570. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Circle Internet Group Trading Down 4.6%

NYSE CRCL opened at $79.21 on Thursday. The business’s fifty day moving average is $101.52. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. Circle Internet Group’s revenue was up 65.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird cut their price target on Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Mizuho dropped their price objective on shares of Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating for the company in a report on Friday, November 14th. Rothschild & Co Redburn began coverage on shares of Circle Internet Group in a report on Friday, October 3rd. They set a “neutral” rating and a $136.00 target price on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $247.00 price target on shares of Circle Internet Group in a research note on Thursday, September 11th. Finally, Citigroup began coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Circle Internet Group presently has an average rating of “Hold” and an average target price of $144.69.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group during the second quarter worth $27,000. PNC Financial Services Group Inc. grew its stake in Circle Internet Group by 14.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,164 shares of the company’s stock valued at $154,000 after purchasing an additional 151 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at $34,000. Larson Financial Group LLC increased its position in shares of Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Circle Internet Group during the 2nd quarter worth $36,000.

About Circle Internet Group

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.