Key Points
- Heath Tarbert, President of Circle Internet Group, sold 15,000 shares on April 13 at an average price of $95.04 for $1,425,600 under a pre‑arranged Rule 10b5‑1 plan, reducing his stake to 561,168 shares (a 2.6% ownership decrease, valued at about $53.3M).
- The April sale is part of a string of insider disposals totaling roughly $20.8 million from late February through April, while Circle trades near $105.75 with a $26.1B market cap and recently reported an EPS beat ($0.43 vs. $0.25) and 76.9% year‑over‑year revenue growth.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) President Heath Tarbert sold 15,000 shares of the business's stock in a transaction on Monday, April 13th. The shares were sold at an average price of $95.04, for a total transaction of $1,425,600.00. Following the sale, the president owned 561,168 shares of the company's stock, valued at approximately $53,333,406.72. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Heath Tarbert also recently made the following trade(s):
- On Friday, March 13th, Heath Tarbert sold 15,000 shares of Circle Internet Group stock. The shares were sold at an average price of $116.04, for a total transaction of $1,740,600.00.
- On Tuesday, March 10th, Heath Tarbert sold 43,694 shares of Circle Internet Group stock. The shares were sold at an average price of $117.80, for a total transaction of $5,147,153.20.
- On Monday, March 2nd, Heath Tarbert sold 122,007 shares of Circle Internet Group stock. The shares were sold at an average price of $94.23, for a total transaction of $11,496,719.61.
- On Thursday, February 26th, Heath Tarbert sold 10,753 shares of Circle Internet Group stock. The shares were sold at an average price of $90.14, for a total transaction of $969,275.42.
Circle Internet Group Trading Up 0.2%
Shares of CRCL opened at $105.75 on Thursday. The firm has a market cap of $26.10 billion and a PE ratio of -56.85. The firm has a fifty day simple moving average of $91.09 and a two-hundred day simple moving average of $94.10. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $298.99.
Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its earnings results 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 company had revenue of $770.23 million for the quarter. The firm's revenue for the quarter was up 76.9% compared to the same quarter last year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CRCL. Clear Str upgraded shares of Circle Internet Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 16th. Robert W. Baird boosted their price objective on shares of Circle Internet Group from $110.00 to $138.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Wells Fargo & Company cut their price objective on shares of Circle Internet Group from $128.00 to $111.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Morgan Stanley initiated coverage on shares of Circle Internet Group in a research report on Monday, February 2nd. They set an "equal weight" rating and a $66.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a "neutral" rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group presently has a consensus rating of "Hold" and an average price target of $126.41.
View Our Latest Stock Analysis on CRCL
Institutional Investors Weigh In On Circle Internet Group
Hedge funds have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Circle Internet Group during the 4th quarter valued at $25,000. Larson Financial Group LLC boosted its holdings 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 during the period. Pilgrim Partners Asia Pte Ltd bought a new position in Circle Internet Group in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group in the 2nd quarter worth $27,000. Finally, Bellevue Asset Management LLC bought a new position in Circle Internet Group in the 4th 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.
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