Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 47,908 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 47,908 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $4,311,720.00. Following the sale, the chief financial officer directly owned 261,059 shares of the company’s stock, valued at approximately $23,495,310. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeremy Fox-Geen also recently made the following trade(s):

• On Friday, December 12th, Jeremy Fox-Geen sold 23,830 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total transaction of $2,144,700.00.

Circle Internet Group Stock Up 15.3%

CRCL stock traded up $12.75 during mid-day trading on Monday, hitting $96.19. The company had a trading volume of 32,585,178 shares, compared to its average volume of 13,431,398. The company has a 50-day moving average price of $72.17 and a 200 day moving average price of $99.61. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99. The company has a market capitalization of $22.65 billion and a price-to-earnings ratio of -42.00.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The firm had revenue of $770.23 million for the quarter. Circle Internet Group’s revenue for the quarter was up 76.9% compared to the same quarter last year.

Analysts Set New Price Targets

CRCL has been the topic of a number of recent research reports. Monness Crespi & Hardt assumed coverage on shares of Circle Internet Group in a research note on Monday, November 10th. They set a “buy” rating and a $150.00 price target on the stock. Wolfe Research began coverage on shares of Circle Internet Group in a report on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 target price on the stock. HC Wainwright initiated coverage on shares of Circle Internet Group in a report on Friday, December 19th. They issued a “neutral” rating and a $85.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.12.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in shares of Circle Internet Group during the second quarter valued at approximately $65,261,000. Rakuten Securities Inc. purchased a new stake in shares of Circle Internet Group in the 3rd quarter worth $2,491,000. Telligent Fund LP bought a new position in shares of Circle Internet Group during the 2nd quarter worth $3,263,000. CloudAlpha Capital Management Limited Hong Kong grew its position in shares of Circle Internet Group by 181.1% during the 3rd quarter. CloudAlpha Capital Management Limited Hong Kong now owns 283,964 shares of the company’s stock worth $37,648,000 after buying an additional 182,954 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its stake in shares of Circle Internet Group by 20.8% during the third quarter. Rheos Capital Works Inc. now owns 302,000 shares of the company’s stock valued at $40,039,000 after buying an additional 52,000 shares during the period.

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.