Circle Internet Group (NYSE:CRCL) CAO Tamara Schulz Sells 1,194 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,194 shares of Circle Internet Group stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $64.40, for a total transaction of $76,893.60. Following the completion of the sale, the chief accounting officer directly owned 85,871 shares of the company’s stock, valued at $5,530,092.40. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Circle Internet Group Trading Up 4.2%

Shares of NYSE:CRCL opened at $64.56 on Friday. The stock’s 50-day moving average price is $95.51 and its two-hundred day moving average price is $89.23. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $262.97. The firm has a market cap of $16.05 billion and a price-to-earnings ratio of -20.17.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company had revenue of $694.13 million during the quarter. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, research analysts forecast that Circle Internet Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Robert W. Baird boosted their target price on Circle Internet Group from $110.00 to $138.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Mizuho cut their price target on shares of Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $117.38.

Institutional Investors Weigh In On Circle Internet Group

Several institutional investors and hedge funds have recently modified their holdings of CRCL. General Catalyst Group Management LLC purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at about $3,647,694,000. Marshall Wace LLP boosted its holdings in Circle Internet Group by 23.8% in the 4th quarter. Marshall Wace LLP now owns 9,978,729 shares of the company’s stock worth $791,313,000 after acquiring an additional 1,919,205 shares during the period. IDG Accel China Capital II Associates L.P. acquired a new stake in Circle Internet Group in the fourth quarter valued at approximately $554,792,000. Accel XI Associates L.L.C. acquired a new stake in Circle Internet Group in the fourth quarter valued at approximately $513,844,000. Finally, Vanguard Group Inc. raised its stake in shares of Circle Internet Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company’s stock valued at $448,292,000 after purchasing an additional 74,414 shares during the period.

More Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle completed a second ARC token presale, which may indicate continued progress on its crypto product expansion. Circle Internet Group completes second ARC token presale
• Neutral Sentiment: Some analysts still see meaningful upside for Circle, with comments that the stock remains attractive relative to long-term sales growth even after the recent selloff.
• Neutral Sentiment: Susquehanna and Compass Point initiated or reiterated neutral views, suggesting the market is still weighing Circle’s growth potential against valuation and regulatory/competitive risks.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, a large reduction that can weigh on sentiment even though it was disclosed as Rule 10b5-1 activity.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing concerns that company insiders are trimming exposure while the stock is under pressure.
• Negative Sentiment: Reports about rising stablecoin competition and Visa’s Open USD push are making investors question whether Circle’s stablecoin economics and long-term competitive advantage are at risk.

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 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.