Circle Internet Group (NYSE:CRCL) CAO Tamara Schulz Sells 1,527 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,527 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $59.80, for a total value of $91,314.60. Following the completion of the transaction, the chief accounting officer directly owned 98,010 shares of the company’s stock, valued at approximately $5,860,998. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Circle Internet Group Stock Down 4.8%

Shares of CRCL traded down $2.81 during trading hours on Tuesday, reaching $56.05. 16,764,401 shares of the company traded hands, compared to its average volume of 10,641,066. The stock has a market capitalization of $13.20 billion and a PE ratio of -24.47. The stock has a fifty day simple moving average of $78.86 and a 200 day simple moving average of $113.98. Circle Internet Group, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.44. The firm had revenue of $739.76 million for the quarter. The business’s revenue was up 65.9% compared to the same quarter last year.

Institutional Investors Weigh In On Circle Internet Group

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group in the 2nd quarter worth approximately $27,000. Larson Financial Group LLC boosted 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 valued at $26,000 after purchasing an additional 190 shares during the period. Hennessy Advisors Inc. acquired a new stake in Circle Internet Group during the 2nd quarter valued at $36,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Circle Internet Group during the 3rd quarter worth $27,000. Finally, Allworth Financial LP acquired a new position in Circle Internet Group in the 2nd quarter worth $37,000.

Wall Street Analyst Weigh In

CRCL has been the subject of several analyst reports. Needham & Company LLC dropped their target price on Circle Internet Group from $250.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Circle Internet Group from $147.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 13th. Sanford C. Bernstein set a $190.00 price target on shares of Circle Internet Group in a research report on Tuesday, January 6th. Robert W. Baird raised shares of Circle Internet Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Finally, Wolfe Research began coverage on Circle Internet Group in a report on Tuesday, December 2nd. They set an “underperform” rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $132.56.

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.