Circle Internet Group (NYSE:CRCL) Director Sells $1,315,325.70 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director M Michele Burns sold 11,670 shares of Circle Internet Group stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $112.71, for a total value of $1,315,325.70. Following the sale, the director directly owned 343,538 shares of the company’s stock, valued at approximately $38,720,167.98. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

M Michele Burns also recently made the following trade(s):

• On Wednesday, March 4th, M Michele Burns sold 25,000 shares of Circle Internet Group stock. The shares were sold at an average price of $105.00, for a total value of $2,625,000.00.
• On Monday, March 2nd, M Michele Burns sold 80,000 shares of Circle Internet Group stock. The stock was sold at an average price of $94.88, for a total transaction of $7,590,400.00.
• On Thursday, February 26th, M Michele Burns sold 10,000 shares of Circle Internet Group stock. The shares were sold at an average price of $82.00, for a total value of $820,000.00.

Circle Internet Group Price Performance

CRCL stock traded up $10.59 during trading on Monday, hitting $125.97. 18,496,315 shares of the company traded hands, compared to its average volume of 14,858,777. The stock’s 50-day simple moving average is $77.42 and its 200 day simple moving average is $97.71. The company has a market cap of $29.66 billion and a PE ratio of -67.73. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million during the quarter. The business’s revenue for the quarter was up 76.9% on a year-over-year basis.

Institutional Trading of Circle Internet Group

Several institutional investors have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Circle Internet Group during the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its stake in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group in the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the 2nd quarter worth about $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group during the 4th quarter worth approximately $29,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRCL. Morgan Stanley began coverage on shares of Circle Internet Group in a report on Monday, February 2nd. They set an “equal weight” rating and a $66.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, January 21st. HC Wainwright initiated coverage on shares of Circle Internet Group in a research note on Friday, December 19th. They set a “neutral” rating and a $85.00 target price on the stock. William Blair restated an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company cut their price target on Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $124.65.

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 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.