Key Points
- CAO Tamara Schulz sold 1,527 shares on Feb. 3 at an average price of $59.80 for proceeds of $91,314.60, leaving her with 98,010 shares — a 1.53% reduction in her ownership (SEC filing disclosed).
- Circle reported a strong quarter with $0.64 EPS versus $0.20 expected and revenue of $739.8M (up 65.9% YoY), yet the stock trades well below its 1‑year high and carries a consensus "Hold" rating with a $132.56 target.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CAO Tamara Schulz sold 1,527 shares of the business's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $59.80, for a total value of $91,314.60. Following the completion of the sale, the chief accounting officer directly owned 98,010 shares in the company, valued at $5,860,998. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Circle Internet Group Price Performance
Shares of NYSE:CRCL opened at $56.05 on Wednesday. The stock's fifty day moving average price is $78.86 and its 200-day moving average price is $113.98. The company has a market cap of $13.20 billion and a P/E ratio of -24.47. Circle Internet Group, Inc. has a 1 year low of $53.76 and a 1 year high of $298.99.
Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The business's quarterly revenue was up 65.9% on a year-over-year basis.
Wall Street Analyst Weigh In
CRCL has been the topic of several research reports. Weiss Ratings restated a "sell (d)" rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. Monness Crespi & Hardt began coverage on shares of Circle Internet Group in a research note on Monday, November 10th. They set a "buy" rating and a $150.00 target price for the company. Mizuho set a $77.00 price target on shares of Circle Internet Group and gave the stock a "neutral" rating in a report on Wednesday, January 28th. The Goldman Sachs Group lifted their price objective on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a "neutral" rating in a report on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $132.56.
Check Out Our Latest Stock Report on Circle Internet Group
Hedge Funds Weigh In On Circle Internet Group
A number of large investors have recently bought and sold shares of CRCL. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group during the second quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Circle Internet Group by 3,800.0% during 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 during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter worth $36,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group during the third quarter valued at about $27,000. Finally, Allworth Financial LP purchased a new position in Circle Internet Group in the second quarter valued at about $37,000.
About Circle Internet Group
(
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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