Circle Internet Group (NYSE:CRCL) CEO Jeremy Allaire Sells 7,055 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CEO Jeremy Allaire sold 7,055 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $90.05, for a total transaction of $635,302.75. Following the completion of the sale, the chief executive officer directly owned 77,572 shares in the company, valued at $6,985,358.60. This trade represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeremy Allaire also recently made the following trade(s):

• On Friday, December 12th, Jeremy Allaire sold 758 shares of Circle Internet Group stock. The stock was sold at an average price of $90.05, for a total transaction of $68,257.90.

Circle Internet Group Price Performance

NYSE CRCL traded up $7.04 on Tuesday, reaching $82.50. 14,951,131 shares of the company’s stock traded hands, compared to its average volume of 18,438,279. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The business has a 50 day moving average of $104.27.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The firm’s revenue for the quarter was up 65.9% on a year-over-year basis.

Institutional Investors Weigh In On Circle Internet Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the second quarter valued at $27,000. North Star Investment Management Corp. acquired a new position in shares of Circle Internet Group during the 2nd quarter worth about $34,000. Larson Financial Group LLC lifted its stake 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 valued at $26,000 after buying an additional 190 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Circle Internet Group in the 2nd quarter worth about $36,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Circle Internet Group during the 3rd quarter worth approximately $27,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRCL. The Goldman Sachs Group decreased their price target on Circle Internet Group from $92.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a research note on Wednesday, October 8th. Wolfe Research assumed coverage on shares of Circle Internet Group in a research note on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 target price for the company. Monness Crespi & Hardt began coverage on shares of Circle Internet Group in a report on Monday, November 10th. They set a “buy” rating and a $150.00 price target on the stock. Finally, Canaccord Genuity Group restated a “buy” rating and set a $247.00 price target on shares of Circle Internet Group in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Circle Internet Group has an average rating of “Hold” and an average target price of $144.69.

About Circle Internet Group

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.