Circle Internet Group (NYSE:CRCL) Insider Sells $900,000.00 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) insider Nikhil Chandhok sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the transaction, the insider directly owned 474,974 shares of the company’s stock, valued at $42,747,660. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nikhil Chandhok also recently made the following trade(s):

• On Monday, December 1st, Nikhil Chandhok sold 100,000 shares of Circle Internet Group stock. The shares were sold at an average price of $77.08, for a total transaction of $7,708,000.00.

Circle Internet Group Stock Up 2.2%

Shares of NYSE:CRCL opened at $80.93 on Friday. The business’s 50 day moving average is $100.13. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month 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, topping the consensus estimate of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The company’s revenue for the quarter was up 65.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in shares of 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 purchasing an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Circle Internet Group in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new position in Circle Internet Group in the 2nd quarter valued at $27,000. Highline Wealth Partners LLC purchased a new position in Circle Internet Group during the 3rd quarter worth $32,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Circle Internet Group in the 3rd quarter worth $33,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company cut their target price on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Redburn Partners set a $136.00 price target on Circle Internet Group in a research report on Friday, October 3rd. Citizens Jmp began coverage on Circle Internet Group in a report on Tuesday, September 30th. They issued a “market perform” rating for the company. Rothschild & Co Redburn started coverage on shares of Circle Internet Group in a research report on Friday, October 3rd. They set a “neutral” rating and a $136.00 target price on the stock. Finally, 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. Two investment 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.69.

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.