Circle Internet Group (NYSE:CRCL) CFO Jeremy Fox-Geen Sells 8,476 Shares

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 8,476 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $75.00, for a total value of $635,700.00. Following the completion of the transaction, the chief financial officer directly owned 323,837 shares of the company’s stock, valued at $24,287,775. The trade was a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 Stock Performance

NYSE:CRCL opened at $71.79 on Friday. The business’s fifty day moving average is $69.34 and its 200 day moving average is $85.92. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 49.17 and a beta of 0.23. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $159.47.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $701.32 million during the quarter. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%.The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($4.48) EPS. Equities analysts predict that Circle Internet Group, Inc. will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Susquehanna started coverage on shares of Circle Internet Group in a research note on Wednesday, July 1st. They set a “neutral” rating and a $69.00 price objective for the company. Freedom Capital upgraded shares of Circle Internet Group to a “hold” rating in a research note on Tuesday, April 21st. Wells Fargo & Company raised their price target on shares of Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Compass Point set a $62.00 price target on shares of Circle Internet Group in a research report on Wednesday, July 15th. Finally, Mizuho set a $45.00 price target on shares of Circle Internet Group and gave the stock a “neutral” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Circle Internet Group presently has a consensus rating of “Hold” and an average price target of $97.12.

Institutional Investors Weigh In On Circle Internet Group

A number of large investors have recently added to or reduced their stakes in CRCL. EverSource Wealth Advisors LLC purchased a new position in shares of Circle Internet Group during the 2nd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in 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 buying an additional 190 shares during the last quarter. National Bank of Canada FI bought a new position in Circle Internet Group during the 3rd quarter valued at about $37,000. Pin Oak Investment Advisors Inc. bought a new position in Circle Internet Group during the 3rd quarter valued at about $39,000. Finally, WPG Advisers LLC purchased a new stake in shares of Circle Internet Group during the 1st quarter valued at about $31,000.

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.