Circle Internet Group (NYSE:CRCL) Director Sells $153,905.08 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director M Michele Burns sold 1,666 shares of Circle Internet Group stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $92.38, for a total transaction of $153,905.08. Following the completion of the sale, the director directly owned 341,872 shares of the company’s stock, valued at approximately $31,582,135.36. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

M Michele Burns also recently made the following trade(s):

• On Thursday, March 12th, M Michele Burns sold 11,670 shares of Circle Internet Group stock. The shares were sold at an average price of $112.71, for a total transaction of $1,315,325.70.
• On Wednesday, March 4th, M Michele Burns sold 25,000 shares of Circle Internet Group stock. The shares were sold at an average price of $105.00, for a total transaction of $2,625,000.00.
• On Monday, March 2nd, M Michele Burns sold 80,000 shares of Circle Internet Group stock. The shares were sold at an average price of $94.88, for a total transaction of $7,590,400.00.
• On Thursday, February 26th, M Michele Burns sold 10,000 shares of Circle Internet Group stock. The shares were sold at an average price of $82.00, for a total transaction of $820,000.00.

Circle Internet Group Stock Performance

Shares of CRCL stock traded up $0.05 during mid-day trading on Wednesday, reaching $94.17. 10,474,343 shares of the company’s stock traded hands, compared to its average volume of 15,618,461. Circle Internet Group, Inc. has a 12 month low of $49.90 and a 12 month high of $298.99. The firm has a 50 day moving average price of $87.06 and a two-hundred day moving average price of $95.30. The firm has a market capitalization of $23.24 billion and a PE ratio of -50.63.

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

Wall Street Analysts Forecast Growth

CRCL has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Circle Internet Group from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, March 13th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $160.00 target price on shares of Circle Internet Group in a report on Wednesday, March 25th. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, February 25th. Needham & Company LLC dropped their target price on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, HC Wainwright started coverage on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.29.

Institutional Trading of Circle Internet Group

Hedge funds have recently bought and sold shares of the stock. General Catalyst Group Management LLC purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at about $3,647,694,000. IDG Accel China Capital II Associates L.P. purchased a new stake in shares of Circle Internet Group during the 4th quarter valued at about $554,792,000. Accel XI Associates L.L.C. purchased a new stake in shares of Circle Internet Group during the 4th quarter valued at about $513,844,000. Vanguard Group Inc. raised its position in shares of Circle Internet Group by 61.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock valued at $739,624,000 after buying an additional 2,126,072 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Circle Internet Group during the 4th quarter valued at about $163,948,000.

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.