Jeremy Fox-Geen Sells 45,000 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $90.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief financial officer directly owned 323,837 shares in the company, valued at approximately $29,145,330. This represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Fox-Geen also recently made the following trade(s):

• On Thursday, August 13th, Jeremy Fox-Geen sold 8,476 shares of Circle Internet Group stock. The shares were sold at an average price of $75.00, for a total value of $635,700.00.
• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total value of $714,560.00.

Circle Internet Group Trading Up 4.8%

Shares of NYSE:CRCL opened at $91.97 on Wednesday. The stock has a fifty day simple moving average of $69.55 and a two-hundred day simple moving average of $86.96. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $159.47. The stock has a market capitalization of $23.35 billion, a price-to-earnings ratio of 62.99 and a beta of 0.23.

Circle Internet Group (NYSE:CRCL) last released its earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The company had revenue of $701.32 million during the quarter. During the same quarter in the prior year, the company posted ($4.48) earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts predict that Circle Internet Group, Inc. will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $140.00 price objective on shares of Circle Internet Group in a research report on Wednesday, July 29th. Raymond James Financial initiated coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They issued a “market perform” rating for the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $81.00 target price on shares of Circle Internet Group in a research note on Tuesday. Robert W. Baird cut their price target on shares of Circle Internet Group from $138.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Susquehanna raised their price target on shares of Circle Internet Group from $69.00 to $92.00 and gave the company a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and a consensus target price of $99.35.

Institutional Investors Weigh In On Circle Internet Group

Several institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its position in Circle Internet Group by 17.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 255,222 shares of the company’s stock worth $20,239,000 after purchasing an additional 38,567 shares during the period. Travelers Companies Inc. purchased a new stake in Circle Internet Group during the 4th quarter valued at $9,557,000. Fifth Third Bancorp purchased a new stake in Circle Internet Group during the 1st quarter valued at $7,282,000. Alberta Investment Management Corp bought a new position in shares of Circle Internet Group during the 4th quarter valued at $25,027,000. Finally, GC Wealth Management RIA LLC bought a new position in shares of Circle Internet Group during the 4th quarter valued at $18,165,000.

Circle Internet Group Company Profile

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.