Circle Internet Group (NYSE:CRCL) President Sells $274,380.96 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) President Heath Tarbert sold 3,048 shares of Circle Internet Group stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $90.02, for a total value of $274,380.96. Following the sale, the president directly owned 579,302 shares in the company, valued at approximately $52,148,766.04. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Heath Tarbert also recently made the following trade(s):

• On Friday, December 12th, Heath Tarbert sold 1,300 shares of Circle Internet Group stock. The stock was sold at an average price of $90.10, for a total value of $117,130.00.

Circle Internet Group Stock Performance

CRCL opened at $82.26 on Friday. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99. The business has a 50 day moving average of $95.13 and a 200-day moving average of $136.80.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The firm’s quarterly revenue was up 65.9% on a year-over-year basis.

Institutional Trading of Circle Internet Group

Institutional investors have recently added to or reduced their stakes in the business. Brand Asset Management Group Inc. bought a new position in Circle Internet Group in the second quarter worth approximately $272,000. Westbourne Investments Inc. purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth $204,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth $1,083,000. Wealth Enhancement Advisory Services LLC bought a new position in Circle Internet Group in the 2nd quarter worth $673,000. Finally, Exchange Traded Concepts LLC purchased a new position in Circle Internet Group during the second quarter valued at $18,397,000.

Analyst Ratings Changes

CRCL has been the topic of several research reports. Robert W. Baird dropped their price objective 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. HC Wainwright started coverage on Circle Internet Group in a research report on Friday, December 19th. They issued a “neutral” rating and a $85.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, October 8th. Citizens Jmp started coverage on Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating for the company. Finally, JMP Securities started coverage on Circle Internet Group in a report on Tuesday, September 30th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Circle Internet Group currently has an average rating of “Hold” and an average target price of $141.18.

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 USD Coin (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.