Key Points
- Circle CFO Jeremy Fox-Geen sold 8,120 shares on June 5 at an average price of $88.00, totaling about $714,560. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Fox-Geen directly owned 340,066 shares valued at roughly $29.9 million, reducing his stake by 2.33%. The article also notes he has made several other share sales in recent months.
- CRCL shares were trading at $81.02, down 1.8%, as investors weighed mixed fundamentals: quarterly revenue rose 20% year over year to $694.13 million, but earnings missed estimates at $0.21 per share versus $0.27 expected.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CFO Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $88.00, for a total transaction of $714,560.00. Following the completion of the transaction, the chief financial officer directly owned 340,066 shares in the company, valued at approximately $29,925,808. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Fox-Geen also recently made the following trade(s):
- On Monday, May 4th, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The shares were sold at an average price of $107.10, for a total transaction of $453,889.80.
- On Friday, May 1st, Jeremy Fox-Geen sold 7,200 shares of Circle Internet Group stock. The shares were sold at an average price of $92.64, for a total transaction of $667,008.00.
- On Thursday, April 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total transaction of $381,420.00.
- On Wednesday, April 1st, Jeremy Fox-Geen sold 7,200 shares of Circle Internet Group stock. The stock was sold at an average price of $98.04, for a total transaction of $705,888.00.
Circle Internet Group Trading Down 1.8%
Shares of CRCL stock opened at $81.02 on Wednesday. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99. The firm's fifty day simple moving average is $102.62 and its 200 day simple moving average is $89.76. The firm has a market capitalization of $20.14 billion and a P/E ratio of -25.32.
Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The company had revenue of $694.13 million for the quarter. The business's revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts anticipate that Circle Internet Group, Inc. will post 1.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Circle Internet Group
A number of institutional investors have recently bought and sold shares of CRCL. Bartlett & CO. Wealth Management LLC acquired a new stake in Circle Internet Group during the fourth quarter worth $25,000. Larson Financial Group LLC boosted its stake in Circle Internet Group by 3,800.0% during the third 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. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group during the second quarter worth $27,000. Bellevue Asset Management LLC acquired a new stake in Circle Internet Group during the fourth quarter worth $29,000. Finally, Harbour Investments Inc. boosted its stake in Circle Internet Group by 170.0% during the fourth quarter. Harbour Investments Inc. now owns 378 shares of the company's stock worth $30,000 after buying an additional 238 shares in the last quarter.
Key Headlines Impacting Circle Internet Group
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Circle announced that CEO Jeremy Allaire will speak at VivaTech 2026 on June 17 about the future of digital money and finance, giving the company another high-profile platform to highlight its story and strategy. Circle to Speak at VivaTech 2026
- Positive Sentiment: MassPay expanded its stablecoin payout capabilities through Circle Payments Network, a sign that Circle’s payments infrastructure is gaining additional commercial adoption. MassPay Expands Stablecoin Payout Capabilities
- Neutral Sentiment: Coverage around Circle’s cirBTC launch and progress on the CLARITY Act kept attention on the company’s long-term valuation, but also underscored that investors are still debating whether the stock’s rich multiple is justified. Circle’s cirBTC Launch And CLARITY Act Progress Test Rich Valuation
- Neutral Sentiment: Several market commentary pieces focused on Circle’s valuation and its resilience versus crypto market turbulence, which may be influencing sentiment but do not change the near-term fundamentals directly. Circle Internet Group Valuation After Rival Stablecoin Plans Spark Volatility
- Negative Sentiment: Multiple insiders sold shares, including CEO Jeremy Allaire, CFO Jeremy Fox-Geen, director Patrick Sean Neville, and insider Nikhil Chandhok. While some sales were under pre-arranged 10b5-1 plans and one was tied to tax withholding, the size of the selling may still pressure sentiment. Insider sales filings
Analyst Ratings Changes
CRCL has been the topic of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Circle Internet Group in a research report on Wednesday, February 25th. KeyCorp initiated coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They set a "sector weight" rating on the stock. Compass Point reaffirmed a "sell" rating and set a $77.00 target price (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Circle Internet Group in a research report on Monday, April 20th. Finally, Needham & Company LLC boosted their target price on shares of Circle Internet Group from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $134.18.
View Our Latest Stock Report on Circle Internet Group
Circle Internet Group Company Profile
(
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.
Further Reading
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