Key Points
- M. Michele Burns sold 11,670 shares of Circle on March 12 at $112.71 for $1,315,325.70, cutting her stake by 3.29% to 343,538 shares valued at about $38.72 million.
- Notable insider selling has been concentrated in early March — Burns also sold 80,000 (Mar 2), 25,000 (Mar 4) and 10,000 (Feb 26) shares, while Rajeev V. Date and President Heath Tarbert also sold shares on March 12–13.
- Despite the insider sales, Circle posted strong results and a rally: the company beat EPS expectations ($0.43 vs $0.25) with revenue up 76.9% year‑over‑year, and the stock rallied after a Clear Street upgrade and Bitcoin's rebound.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Rajeev Date sold 3,819 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $113.00, for a total value of $431,547.00. Following the completion of the transaction, the director owned 152,328 shares of the company's stock, valued at $17,213,064. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Circle Internet Group Stock Performance
Circle Internet Group stock opened at $125.97 on Tuesday. The business's 50-day simple moving average is $78.24 and its two-hundred day simple moving average is $97.67. The company has a market cap of $29.66 billion and a PE ratio of -67.73. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.
Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.18. The firm had revenue of $770.23 million during the quarter. The company's revenue for the quarter was up 76.9% compared to the same quarter last year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on CRCL shares. JPMorgan Chase & Co. reduced their price target on shares of Circle Internet Group from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, February 10th. Canaccord Genuity Group dropped their price objective on shares of Circle Internet Group from $247.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Weiss Ratings reissued a "sell (d)" rating on shares of Circle Internet Group in a report on Wednesday, January 21st. Wolfe Research started coverage on shares of Circle Internet Group in a research report on Tuesday, December 2nd. They set an "underperform" rating and a $60.00 target price for the company. Finally, William Blair reaffirmed an "outperform" rating on shares of Circle Internet Group in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $124.65.
Get Our Latest Analysis on Circle Internet Group
More Circle Internet Group News
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Clear Street upgrade and Bitcoin rebound helped drive a sharp post‑earnings rally and pushed the stock to multi‑month highs. Market commentary highlights CRCL outpacing many crypto peers during this move. Full CRCL Moment: Circle Hits 4-Month High Amid Upgrade, Bitcoin Rebound
- Positive Sentiment: Investor note: demand for USDC appears to be driven more by utility (payments, treasury, settlement) than speculation, supporting durable revenue prospects tied to transaction volumes and commercial use. Why Circle Internet Group Stock Crushed it on Monday
- Positive Sentiment: Enterprise integrations (Visa, Intuit, others) and expansion of the Circle Payments Network are highlighted as drivers that could accelerate cross‑border payment volumes and future revenue growth. Can Circle's Enterprise Integrations Accelerate Future Revenue Growth?
- Neutral Sentiment: Coverage notes that Circle’s bank charter and recent earnings put the USDC business model under closer scrutiny—this raises questions about regulatory requirements and how the charter will affect economics and disclosures. Investors should watch regulatory updates. Circle Bank Charter And Earnings Put USDC Business Model In Focus
- Negative Sentiment: Insider selling: Director Rajeev V. Date sold 3,819 shares at about $113 each on March 12. SEC Filing
- Negative Sentiment: Insider selling: President Heath Tarbert sold 15,000 shares at about $116 on March 13. SEC Filing
- Negative Sentiment: Insider selling: Director M. Michele Burns sold 11,670 shares at about $112.71 on March 12. SEC Filing
Institutional Investors Weigh In On Circle Internet Group
Several hedge funds have recently bought and sold shares of CRCL. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Circle Internet Group during the 4th quarter worth approximately $25,000. Larson Financial Group LLC lifted its stake in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company's stock valued at $26,000 after purchasing an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Circle Internet Group in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group during the second quarter worth $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group during the fourth quarter worth $29,000.
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 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
