Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CFO Jeremy Fox-Geen sold 45,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $90.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief financial officer owned 323,837 shares in the company, valued at $29,145,330. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jeremy Fox-Geen also recently made the following trade(s):
- On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total value of $635,700.00.
- On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total value of $714,560.00.
Circle Internet Group Price Performance
NYSE:CRCL opened at $87.72 on Tuesday. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $159.47. The stock's 50 day simple moving average is $69.30 and its two-hundred day simple moving average is $86.70. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 60.08 and a beta of 0.23.
Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08). The firm had revenue of $701.32 million for the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned ($4.48) EPS. As a group, analysts anticipate that Circle Internet Group, Inc. will post 1.04 EPS for the current year.
Institutional Investors Weigh In On Circle Internet Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. General Catalyst Group Management LLC bought a new position in Circle Internet Group during the 2nd quarter valued at about $3,647,694,000. California State Teachers Retirement System lifted its stake in Circle Internet Group by 222,662.5% in the second quarter. California State Teachers Retirement System now owns 13,871,418 shares of the company's stock worth $868,767,000 after purchasing an additional 13,865,191 shares during the last quarter. IDG Accel China Capital II Associates L.P. purchased a new position in shares of Circle Internet Group during the fourth quarter valued at approximately $554,792,000. Accel XI Associates L.L.C. purchased a new position in shares of Circle Internet Group during the fourth quarter valued at approximately $513,844,000. Finally, Southpoint Capital Advisors LP grew its stake in shares of Circle Internet Group by 175.0% during the first quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company's stock valued at $314,853,000 after buying an additional 2,100,000 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have commented on CRCL shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $140.00 price objective on shares of Circle Internet Group in a research report on Wednesday, July 29th. Needham & Company LLC reduced their target price on shares of Circle Internet Group from $150.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Circle Internet Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Raymond James Financial initiated coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They issued a "market perform" rating for the company. Finally, Susquehanna boosted their price objective on Circle Internet Group from $69.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $98.47.
Get Our Latest Stock Analysis on Circle Internet Group
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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