Key Points
- Heath Tarbert sold 3,048 shares of Circle (CRCL) on Dec. 22 at an average price of $90.02 for about $274,381, trimming his stake by 0.52% to 579,302 shares (≈$52.15M).
- Clustered insider selling — CEO Jeremy Allaire and director Nikhil Chandhok also sold shares the same day — which helped push the stock down roughly 5.1% and raised near‑term selling concerns.
- Fundamentals remain mixed: Circle beat on its last quarter (EPS $0.64 vs. $0.20 est., revenue $739.8M, +65.9% YoY), but analysts are split with a consensus "Hold" and a ~ $141 target price.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) President Heath Tarbert sold 3,048 shares of Circle Internet Group stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $90.02, for a total value of $274,380.96. Following the completion of the sale, the president directly owned 579,302 shares of the company's stock, valued at approximately $52,148,766.04. This trade represents a 0.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Heath Tarbert also recently made the following trade(s):
- On Friday, December 12th, Heath Tarbert sold 1,300 shares of Circle Internet Group stock. The shares were sold at an average price of $90.10, for a total transaction of $117,130.00.
Circle Internet Group Trading Down 5.1%
Shares of NYSE:CRCL opened at $82.60 on Wednesday. The company has a 50-day moving average price of $97.10 and a two-hundred day moving average price of $137.57. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99.
Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.64 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 business's revenue was up 65.9% compared to the same quarter last year.
Circle Internet Group News Roundup
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Stacks integration with Circle xReserve — Stacks is now connected to Circle’s xReserve, enabling USDC‑backed stablecoins on Stacks. This expands USDC utility and on‑ramps into Bitcoin‑layer ecosystems, supporting longer‑term demand for Circle’s payments and reserves products. Stacks Now Connected to Circle xReserve
- Positive Sentiment: Sector tailwinds: Zacks highlights CRCL among crypto/blockchain names positioned to benefit from a more supportive policy backdrop for bitcoin and crypto adoption — a macro narrative that can lift valuation multiples for payments/stablecoin businesses. Crypto & Blockchain Stocks to Gain
- Positive Sentiment: Short‑term bullish trading note: coverage picked up reporting “moderately bullish” intraday activity and a ~3.4% intraday uptick, indicating episodic buying interest that can support bounces. Moderately bullish activity in Circle
- Neutral Sentiment: Consensus analyst view remains mixed/neutral — MarketBeat aggregation shows an overall “Hold” consensus from ~24 firms (mix of buy/hold/sell), which tempers upside expectations until catalysts arrive. Consensus "Hold"
- Neutral Sentiment: HC Wainwright issued a Hold on CRCL — another data point showing analyst caution despite the opportunity set in payments and stablecoins. HC Wainwright Hold
- Negative Sentiment: Insider selling — CEO Jeremy Allaire reported sales on Dec 22 (combined filings show multiple tranches totaling several thousand shares at ~\$90), reducing his position; such CEO sales can spook investors even if driven by routine diversification. Allaire SEC Filing
- Negative Sentiment: Other insider sales — Director/executive Nikhil Chandhok sold 10,000 shares (~\$900k) and President Heath Tarbert sold 3,048 shares; clustered insider sales by multiple insiders the same day increases perceived near‑term selling pressure. Chandhok SEC Filing Tarbert SEC Filing
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Rothschild & Co Redburn started coverage on Circle Internet Group in a research report on Friday, October 3rd. They issued a "neutral" rating and a $136.00 price target for the company. Canaccord Genuity Group restated a "buy" rating and issued a $247.00 target price on shares of Circle Internet Group in a research note on Thursday, September 11th. Monness Crespi & Hardt initiated coverage on Circle Internet Group in a research report on Monday, November 10th. They set a "buy" rating and a $150.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of Circle Internet Group from $92.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, November 21st. Finally, Robert W. Baird reduced their price objective on shares of Circle Internet Group from $144.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $141.18.
Read Our Latest Report on CRCL
Institutional Trading of Circle Internet Group
Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group during the second quarter worth about $27,000. North Star Investment Management Corp. bought a new stake in Circle Internet Group during the second quarter valued at approximately $34,000. Larson Financial Group LLC grew 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 buying an additional 190 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Circle Internet Group in the 2nd quarter worth $36,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Circle Internet Group during the 3rd quarter valued at $27,000.
Circle Internet Group Company Profile
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Get Free Report)
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.
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