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 firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $90.00, for a total value of $2,144,700.00. Following the sale, the chief financial officer directly 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 is available at this hyperlink.

Circle Internet Group Stock Up 9.3%

Shares of Circle Internet Group stock traded up $7.04 on Tuesday, reaching $82.50. 14,951,131 shares of the company were exchanged, compared to its average volume of 18,438,279. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The business has a fifty day simple moving average of $104.27.

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

Analysts Set New Price Targets

CRCL has been the subject of several recent analyst reports. Monness Crespi & Hardt started coverage on shares of Circle Internet Group in a report on Monday, November 10th. They issued a “buy” rating and a $150.00 target price for the company. Weiss Ratings restated a “sell (d)” rating on shares of Circle Internet Group in a research report on Wednesday, October 8th. Citigroup began coverage on shares of Circle Internet Group in a research report on Tuesday, September 30th. They set a “market perform” rating on the stock. JMP Securities started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. Finally, Robert W. Baird reduced their target price on Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.69.

Institutional Inflows and Outflows

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