Rajeev Date Sells 3,819 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Rajeev Date sold 3,819 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.00, for a total value of $431,547.00. Following the sale, the director directly owned 152,328 shares in the company, valued at $17,213,064. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Circle Internet Group Stock Performance

CRCL stock traded up $10.59 during midday trading on Monday, reaching $125.97. 18,496,315 shares of the company traded hands, compared to its average volume of 14,858,777. The firm has a market capitalization of $29.66 billion and a price-to-earnings ratio of -67.73. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The business has a 50 day moving average of $77.42 and a 200-day moving average of $97.71.

Circle Internet Group (NYSE:CRCL) last announced its earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.18. The company had revenue of $770.23 million during the quarter. Circle Internet Group’s revenue was up 76.9% on a year-over-year basis.

Analysts Set New Price Targets

Several research firms have commented on CRCL. Compass Point raised shares of Circle Internet Group from a “sell” rating to a “neutral” rating and set a $75.00 price objective for the company in a research note on Thursday, January 29th. Wolfe Research assumed coverage on shares of Circle Internet Group in a report on Tuesday, December 2nd. They set an “underperform” rating and a $60.00 price target on the stock. HC Wainwright assumed coverage on shares of Circle Internet Group in a research report on Friday, December 19th. They issued a “neutral” rating and a $85.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research note on Wednesday, February 25th. Finally, Morgan Stanley started coverage on Circle Internet Group in a research report on Monday, February 2nd. They set an “equal weight” rating and a $66.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.65.

Institutional Trading of Circle Internet Group

A number of large investors have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new position in shares of Circle Internet Group in the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its holdings in Circle Internet Group by 3,800.0% during 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. Pilgrim Partners Asia Pte Ltd bought a new stake in Circle Internet Group during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC purchased a new stake in Circle Internet Group in the 2nd quarter valued at about $27,000. Finally, Bellevue Asset Management LLC purchased a new stake in Circle Internet Group in the 4th quarter valued at about $29,000.

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 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.