Tamara Schulz Sells 1,527 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CAO Tamara Schulz sold 1,527 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $59.80, for a total value of $91,314.60. Following the completion of the sale, the chief accounting officer owned 98,010 shares in the company, valued at approximately $5,860,998. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Circle Internet Group Price Performance

CRCL opened at $54.90 on Thursday. The business has a fifty day moving average price of $78.50 and a 200 day moving average price of $113.57. Circle Internet Group, Inc. has a 12 month low of $51.52 and a 12 month high of $298.99. The stock has a market capitalization of $12.93 billion and a price-to-earnings ratio of -23.97.

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

Institutional Investors Weigh In On Circle Internet Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. General Catalyst Group Management LLC purchased a new position in shares of Circle Internet Group during the second quarter worth about $3,647,694,000. Marshall Wace LLP acquired a new stake in shares of Circle Internet Group in the 2nd quarter valued at about $1,547,214,000. ARK Investment Management LLC purchased a new position in Circle Internet Group during the 2nd quarter worth approximately $530,165,000. Vanguard Group Inc. grew its stake in Circle Internet Group by 61.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock worth $739,624,000 after buying an additional 2,126,072 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Circle Internet Group by 98.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,575,684 shares of the company’s stock worth $204,252,000 after buying an additional 1,276,310 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, November 12th. Wolfe Research started coverage on shares of Circle Internet Group in a research note on Tuesday, December 2nd. They set an “underperform” rating and a $60.00 target price for the company. Sanford C. Bernstein set a $190.00 target price on Circle Internet Group in a report on Tuesday, January 6th. HC Wainwright initiated coverage on Circle Internet Group in a research note on Friday, December 19th. They issued a “neutral” rating and a $85.00 price target on the stock. Finally, Wall Street Zen cut Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $132.56.

About Circle Internet Group

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 USD Coin (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.