Circle Internet Group (NYSE:CRCL) Director Danita Ostling Sells 2,500 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Danita Ostling sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $88.16, for a total transaction of $220,400.00. Following the transaction, the director directly owned 23,790 shares in the company, valued at approximately $2,097,326.40. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Circle Internet Group Trading Up 15.3%

Shares of Circle Internet Group stock traded up $12.75 during trading hours on Monday, reaching $96.19. The stock had a trading volume of 32,585,178 shares, compared to its average volume of 13,431,398. The firm has a market capitalization of $22.65 billion and a price-to-earnings ratio of -42.00. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99. The firm has a 50 day simple moving average of $72.17 and a two-hundred day simple moving average of $99.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Circle Internet Group during the fourth quarter valued at approximately $25,000. Larson Financial Group LLC grew its holdings 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 valued at $26,000 after acquiring an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group during the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group in the second quarter worth $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in shares of Circle Internet Group during the fourth quarter worth $29,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRCL shares. Needham & Company LLC cut their target price on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a report on Wednesday. HC Wainwright started coverage on Circle Internet Group in a report on Friday, December 19th. They set a “neutral” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Circle Internet Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Finally, Wolfe Research started coverage on Circle Internet Group in a report on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 price target for the company. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and a consensus price target of $122.12.

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.