Key Points
- Circle CFO Jeremy Fox-Geen sold 4,238 shares for about $309,600 at an average price of $73.06, under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- After the sale, Fox-Geen retained 294,815 shares, worth about $21.5 million; the transaction reduced his direct ownership by 1.42%.
- Circle’s latest reported quarterly EPS of $0.18 missed the $0.26 consensus estimate, despite revenue of $701.3 million, up 6.6% year over year. Analysts’ average rating was Hold, with a consensus price target of $97.94.
Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CFO Jeremy Fox-Geen sold 4,238 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $73.06, for a total transaction of $309,628.28. Following the completion of the transaction, the chief financial officer directly owned 294,815 shares in the company, valued at $21,539,183.90. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeremy Fox-Geen also recently made the following trade(s):
- On Wednesday, October 21st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total transaction of $1,350,000.00.
- On Friday, October 2nd, Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock. The stock was sold at an average price of $85.78, for a total transaction of $363,535.64.
- On Wednesday, September 2nd, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $87.87, for a total transaction of $713,504.40.
- On Tuesday, September 1st, Jeremy Fox-Geen sold 15,000 shares of Circle Internet Group stock. The stock was sold at an average price of $92.20, for a total transaction of $1,383,000.00.
- On Friday, August 21st, Jeremy Fox-Geen sold 45,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total transaction of $4,050,000.00.
- 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.
Circle Internet Group Stock Performance
CRCL stock opened at $75.33 on Wednesday. The business has a 50-day simple moving average of $86.71 and a two-hundred day simple moving average of $85.71. The company has a market capitalization of $19.13 billion, a P/E ratio of 49.37 and a beta of 0.84. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $140.00.
Circle Internet Group (NYSE:CRCL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $701.32 million during the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($4.48) earnings per share. As a group, sell-side analysts forecast that Circle Internet Group, Inc. will post 1.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Circle Internet Group
Several large investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Circle Internet Group by 24.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,970,939 shares of the company's stock worth $326,292,000 after purchasing an additional 785,213 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of Circle Internet Group by 175.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 3,300,000 shares of the company's stock worth $314,853,000 after buying an additional 2,100,000 shares during the last quarter. Amova Asset Management Americas Inc. grew its position in Circle Internet Group by 13.4% during the first quarter. Amova Asset Management Americas Inc. now owns 2,914,947 shares of the company's stock valued at $278,173,000 after buying an additional 344,539 shares during the period. SBI Holdings USA Inc. bought a new position in Circle Internet Group during the second quarter valued at about $101,084,820. Finally, Accel XI Associates L.L.C. bought a new position in Circle Internet Group during the second quarter valued at about $56,999,563.
Key Circle Internet Group News
Here are the key news stories impacting Circle Internet Group this week:
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded Circle Internet Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods assumed coverage on Circle Internet Group in a research report on Tuesday, September 8th. They issued a "market perform" rating and a $105.00 price target for the company. Mizuho set a $43.00 price objective on Circle Internet Group in a research note on Monday, October 26th. TD Cowen lifted their price objective on shares of Circle Internet Group from $87.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, September 17th. Finally, Needham & Company LLC upped their target price on shares of Circle Internet Group from $130.00 to $134.00 and gave the stock a "buy" rating in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $97.94.
Get Our Latest Stock Report on Circle Internet Group
Circle Internet Group Company Profile
(
Get Free Report)
Circle Internet Group, Inc is a global financial technology company focused on digital currencies and blockchain-based payments. The company is best known for issuing USD Coin (USDC), a dollar-backed stablecoin designed to maintain a value of one U.S. dollar and support digital transactions, payments, trading and other financial applications. Circle also issues EURC, a euro-backed stablecoin.
Circle provides infrastructure and services for businesses, financial institutions and developers through products such as Circle Mint, which supports the creation, redemption and transfer of its stablecoins, as well as APIs and developer tools for integrating digital-asset payments and blockchain functionality.
Featured Articles
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].
