Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 15,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $92.20, for a total transaction of $1,383,000.00. Following the sale, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at approximately $29,857,771.40. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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.

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

• On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $87.87, for a total value of $713,504.40.
• On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total transaction of $4,050,000.00.
• On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total transaction of $635,700.00.
• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total value of $714,560.00.

Circle Internet Group Price Performance

Circle Internet Group stock traded up $14.44 during mid-day trading on Thursday, hitting $103.08. The company’s stock had a trading volume of 24,582,449 shares, compared to its average volume of 14,892,744. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $159.47. The company has a market cap of $26.17 billion, a PE ratio of 70.60 and a beta of 0.56. The firm’s 50 day moving average is $71.12 and its 200 day moving average is $88.39.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The company had revenue of $701.32 million during the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted ($4.48) EPS. As a group, analysts forecast that Circle Internet Group, Inc. will post 1.05 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on CRCL shares. HC Wainwright cut their price objective on Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 6th. KeyCorp initiated coverage on Circle Internet Group in a research note on Tuesday, May 26th. They issued a “sector weight” rating on the stock. Raymond James Financial started coverage on Circle Internet Group in a research report on Tuesday, July 21st. They issued a “market perform” rating on the stock. Needham & Company LLC cut their price target on Circle Internet Group from $150.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $81.00 price target on shares of Circle Internet Group in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.35.

Institutional Investors Weigh In On Circle Internet Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC increased its position in Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group in the second quarter worth about $27,000. Harbour Investments Inc. boosted its stake in shares of Circle Internet Group by 170.0% during the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after acquiring an additional 238 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Circle Internet Group during the 1st quarter worth about $31,000. Finally, First Horizon Corp acquired a new position in shares of Circle Internet Group during the 1st quarter valued at about $35,000.

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.