Key Points
- Circle insider Nikhil Chandhok sold 26,666 shares at an average price of $100.40, totaling approximately $2.68 million. The Rule 10b5-1 transaction reduced his ownership by 3.56%, leaving him with 722,480 shares.
- Circle reported quarterly revenue of $701.32 million, up 6.6% year over year, but earnings per share of $0.18 missed analysts’ $0.26 estimate. The stock was trading at approximately 63.6 times earnings, reflecting an elevated valuation.
- Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $99.67; individual targets range from $45 to $130.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) insider Nikhil Chandhok sold 26,666 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $100.40, for a total transaction of $2,677,266.40. Following the completion of the sale, the insider directly owned 722,480 shares in the company, valued at $72,536,992. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nikhil Chandhok also recently made the following trade(s):
- On Monday, August 10th, Nikhil Chandhok sold 26,666 shares of Circle Internet Group stock. The stock was sold at an average price of $67.15, for a total transaction of $1,790,621.90.
- On Wednesday, July 8th, Nikhil Chandhok sold 26,666 shares of Circle Internet Group stock. The shares were sold at an average price of $63.90, for a total value of $1,703,957.40.
- On Wednesday, June 24th, Nikhil Chandhok sold 489,737 shares of Circle Internet Group stock. The shares were sold at an average price of $72.37, for a total value of $35,442,266.69.
Circle Internet Group Stock Performance
Shares of NYSE CRCL opened at $92.89 on Thursday. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $159.47. The company has a market cap of $23.58 billion, a price-to-earnings ratio of 63.62 and a beta of 0.59. The business's 50 day moving average price is $74.17 and its 200-day moving average price is $89.72.
Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08). Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business had revenue of $701.32 million for the quarter. During the same period in the prior year, the firm posted ($4.48) EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Circle Internet Group, Inc. will post 1.05 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on CRCL shares. Canaccord Genuity Group reduced their price target on shares of Circle Internet Group from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. William Blair restated an "outperform" rating on shares of Circle Internet Group in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods began coverage on shares of Circle Internet Group in a research report on Tuesday. They set a "market perform" rating and a $105.00 target price on the stock. Susquehanna boosted their price target on Circle Internet Group from $69.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, August 24th. Finally, Mizuho set a $45.00 price objective on Circle Internet Group and gave the stock a "neutral" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Circle Internet Group currently has a consensus rating of "Hold" and an average price target of $99.67.
View Our Latest Research Report on Circle Internet Group
Institutional Investors Weigh In On Circle Internet Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRCL. Larson Financial Group LLC grew its stake in shares of 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 acquiring an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter valued at approximately $27,000. Harbour Investments Inc. boosted its stake in Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company's stock worth $30,000 after purchasing an additional 238 shares in the last quarter. WPG Advisers LLC acquired a new stake in Circle Internet Group in the 1st quarter worth approximately $31,000. Finally, First Horizon Corp purchased a new stake in Circle Internet Group during the 1st quarter worth approximately $35,000.
Key Circle Internet Group News
Here are the key news stories impacting Circle Internet Group this week:
- Positive Sentiment: Circle agreed to acquire Singapore-based B2B cross-border payments infrastructure provider Tazapay. The deal is intended to expand USDC payment rails and accelerate stablecoin adoption in international commerce. Circle to Acquire Singapore Payments Firm Tazapay to Expand USDC Rails
- Positive Sentiment: Analysts cited in coverage believe the Tazapay transaction could potentially double Circle’s payments volume, suggesting longer-term growth opportunities beyond its core stablecoin business. CRCL stock slides despite analysts’ bullish Tazapay outlook
- Neutral Sentiment: Keefe, Bruyette & Woods initiated coverage with a “market perform” rating and a $105 price target. The target implies upside from the referenced price, but the rating indicates the firm does not expect significant near-term outperformance. Keefe, Bruyette & Woods initiates coverage on Circle
- Neutral Sentiment: One analysis remains bullish on Circle’s leadership in stablecoins and continued USDC growth, although it acknowledges that CRCL trades at a substantial premium—approximately 64 times forward earnings—relative to peers. Circle: At The Forefront Of The Stablecoin Revolution
- Negative Sentiment: Circle insider Nikhil Chandhok sold 26,666 shares for approximately $2.68 million, reducing his position by 3.56%. The sale was made under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value but may still add selling pressure. Circle insider Form 4 filing
- Negative Sentiment: CRCL shares slipped despite the Tazapay announcement, indicating that investors may be focused on the company’s elevated valuation and the time required for the acquisition to translate into earnings and cash flow. Circle stock slips despite new acquisition news
Circle Internet Group Company Profile
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Get Free Report)
Circle Internet Group, Inc is a global financial technology company focused on digital currency and blockchain infrastructure. The company is best known as the issuer of USD Coin (USDC), a dollar-denominated stablecoin designed to maintain a consistent value and facilitate digital payments, trading, and transfers on blockchain networks. Circle also issues EURC, a euro-denominated stablecoin.
Circle provides products and services for businesses, financial institutions, developers, and digital-asset platforms.
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