Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 50,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $81.30, for a total value of $4,065,000.00. Following the transaction, the director owned 2,018 shares in the company, valued at approximately $164,063.40. This represents a 96.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Patrick Sean Neville also recently made the following trade(s):

• On Monday, June 8th, Patrick Sean Neville sold 1,034,396 shares of Circle Internet Group stock. The shares were sold at an average price of $82.87, for a total value of $85,720,396.52.
• On Friday, May 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.64, for a total value of $463,200.00.
• On Friday, May 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $92.65, for a total value of $2,779,500.00.
• On Wednesday, April 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $490,200.00.
• On Wednesday, April 1st, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $2,941,200.00.

Circle Internet Group Price Performance

NYSE:CRCL traded up $3.95 during mid-day trading on Thursday, reaching $82.88. 8,756,234 shares of the company’s stock traded hands, compared to its average volume of 15,358,425. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99. The firm has a market capitalization of $20.60 billion and a price-to-earnings ratio of -25.90. The company has a 50 day moving average price of $102.42 and a 200-day moving average price of $89.85.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The business had revenue of $694.13 million for the quarter. The company’s quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts forecast that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Institutional Trading of Circle Internet Group

Hedge funds have recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Circle Internet Group in the 4th quarter worth approximately $25,000. Larson Financial Group LLC boosted its position in shares of Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 190 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $27,000. Bellevue Asset Management LLC bought a new stake in shares of Circle Internet Group in the 4th quarter worth approximately $29,000. Finally, Harbour Investments Inc. boosted its position in shares of Circle Internet Group by 170.0% in the 4th quarter. Harbour Investments Inc. now owns 378 shares of the company’s stock worth $30,000 after purchasing an additional 238 shares in the last quarter.

Wall Street Analyst Weigh In

CRCL has been the topic of several research reports. William Blair reaffirmed an “outperform” rating on shares of Circle Internet Group in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Circle Internet Group in a research report on Monday, April 20th. HC Wainwright raised Circle Internet Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $150.00 in a research report on Monday, May 18th. Compass Point reaffirmed a “sell” rating and set a $77.00 price objective (down from $79.00) on shares of Circle Internet Group in a research report on Thursday, April 9th. Finally, KeyCorp initiated coverage on Circle Internet Group in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.18.

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.