Key Points
- CEO Jeremy Allaire sold 7,055 shares on December 12 at an average price of $90.05 for about $635,303, cutting his ownership by 8.34% to 77,572 shares valued near $6.99 million.
- Circle reported a strong quarter, posting $0.64 EPS vs. $0.20 expected and $739.8 million revenue (up 65.9% YoY), and the stock was recently up about 9.3% amid a 52-week range of $64.00–$298.99.
- The stock has mixed analyst coverage with a MarketBeat consensus rating of "Hold" and a $144.69 target, while several institutions (notably Exchange Traded Concepts) have added positions, including an $18.4 million stake.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) President Heath Tarbert sold 1,300 shares of the business's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $90.10, for a total transaction of $117,130.00. Following the completion of the transaction, the president owned 582,350 shares in the company, valued at $52,469,735. The trade was a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Circle Internet Group Stock Up 9.3%
Circle Internet Group stock opened at $82.50 on Wednesday. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99. The business's 50-day moving average price is $102.94.
Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. The company's quarterly revenue was up 65.9% on a year-over-year basis.
Analysts Set New Price Targets
CRCL has been the subject of a number of research analyst reports. JMP Securities assumed coverage on Circle Internet Group in a research note on Tuesday, September 30th. They issued a "market perform" rating for the company. Robert W. Baird dropped their target price on shares of Circle Internet Group from $144.00 to $110.00 and set a "neutral" rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Circle Internet Group in a research report on Wednesday, October 8th. Redburn Partners set a $136.00 price objective on shares of Circle Internet Group in a report on Friday, October 3rd. Finally, Mizuho reduced their target price on Circle Internet Group from $84.00 to $70.00 and set an "underperform" rating on the stock in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Circle Internet Group has an average rating of "Hold" and a consensus target price of $144.69.
Check Out Our Latest Report on CRCL
Hedge Funds Weigh In On Circle Internet Group
Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group in the 2nd quarter worth about $34,000. Larson Financial Group LLC boosted 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 worth $26,000 after purchasing an additional 190 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Circle Internet Group during the 2nd quarter valued at about $36,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group during the 3rd quarter valued at about $27,000.
Circle Internet Group Company Profile
(
Get Free Report)
Founded in 2013, Circle's mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.
Further Reading
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