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 business’s stock in a transaction on 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 directly owned 82,679 shares of the company’s stock, valued at approximately $7,043,424.01. The trade was a 5.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Circle Internet Group Trading Up 0.0%

CRCL stock traded up $0.02 during trading on Tuesday, hitting $84.82. The stock had a trading volume of 7,408,706 shares, compared to its average volume of 8,288,926. The company’s 50-day moving average price is $87.97 and its two-hundred day moving average price is $133.58. 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 posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. Circle Internet Group’s quarterly revenue was up 65.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRCL. Larson Financial Group LLC raised its position in shares of 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. Pilgrim Partners Asia Pte Ltd acquired a new position in Circle Internet Group during the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group in the second quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new stake in shares of Circle Internet Group during the 3rd quarter valued at about $32,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Circle Internet Group during the third quarter worth $33,000.

Analyst Ratings Changes

CRCL has been the subject of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a $247.00 price target on shares of Circle Internet Group in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised shares of Circle Internet Group from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $94.00 to $100.00 in a research report on Thursday, November 13th. Wells Fargo & Company dropped their target price on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group increased their price target on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Citigroup initiated coverage on Circle Internet Group in a report on Tuesday, September 30th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.29.

Circle Internet Group Company Profile

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.