Circle Internet Group (NYSE:CRCL) CEO Sells $635,302.75 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) CEO Jeremy Allaire sold 7,055 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $90.05, for a total transaction of $635,302.75. Following the sale, the chief executive officer directly owned 77,572 shares of the company’s stock, valued at approximately $6,985,358.60. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jeremy Allaire also recently made the following trade(s):

• On Friday, December 12th, Jeremy Allaire sold 758 shares of Circle Internet Group stock. The stock was sold at an average price of $90.05, for a total transaction of $68,257.90.

Circle Internet Group Trading Up 2.2%

Shares of NYSE:CRCL opened at $80.93 on Friday. The company has a 50 day moving average price of $100.13. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. Circle Internet Group’s revenue was up 65.9% compared to the same quarter last year.

Analyst Upgrades and Downgrades

CRCL has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, November 12th. Robert W. Baird reduced their price target on shares of 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. Rothschild Redb raised shares of Circle Internet Group to a “hold” rating in a report on Friday, October 3rd. Baird R W upgraded shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Finally, Wolfe Research started coverage on shares of Circle Internet Group in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and four have assigned 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 $144.69.

Hedge Funds Weigh In On Circle Internet Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group during the second quarter worth $27,000. North Star Investment Management Corp. bought a new position in Circle Internet Group during the 2nd quarter worth $34,000. Larson Financial Group LLC raised its position in Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Circle Internet Group during the 2nd quarter worth about $36,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Circle Internet Group in the 3rd quarter valued at about $27,000.

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.