Tamara Schulz Sells 4,438 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 4,438 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $85.19, for a total transaction of $378,073.22. Following the completion of the sale, the chief accounting officer owned 82,679 shares of the company’s stock, valued at $7,043,424.01. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Circle Internet Group Trading Down 4.8%

CRCL stock opened at $80.74 on Thursday. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The business’s 50 day moving average price is $85.93 and its two-hundred day moving average price is $132.11.

Circle Internet Group (NYSE:CRCL) last released its 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% on a year-over-year basis.

Hedge Funds Weigh In On Circle Internet Group

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRCL shares. Wall Street Zen lowered shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. raised shares of Circle Internet Group from an “underweight” rating to an “overweight” rating and raised their target price for the company from $94.00 to $100.00 in a research note on Thursday, November 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $247.00 price target on shares of Circle Internet Group in a research report on Thursday, September 11th. Redburn Partners set a $136.00 price target on Circle Internet Group in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, October 8th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and an average price target of $139.29.

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.