Circle Internet Group (NYSE:CRCL) Director Danita Ostling Sells 1,200 Shares of Stock

Circle Internet Group, Inc. (NYSE:CRCL) Director Danita Ostling sold 1,200 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $132.06, for a total value of $158,472.00. Following the completion of the sale, the director owned 22,590 shares in the company, valued at $2,983,235.40. This represents a 5.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Circle Internet Group Trading Up 2.5%

CRCL stock opened at $126.73 on Thursday. The company has a market capitalization of $31.28 billion and a PE ratio of -39.60. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99. The business’s fifty day moving average price is $106.22 and its 200 day moving average price is $90.12.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). The firm had revenue of $694.13 million during the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Research analysts predict that Circle Internet Group, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRCL. Clear Str upgraded Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. William Blair restated an “outperform” rating on shares of Circle Internet Group in a report on Wednesday, February 25th. Zacks Research upgraded Circle Internet Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Needham & Company LLC upped their price target on Circle Internet Group from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Morgan Stanley set a $80.00 price target on Circle Internet Group in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Circle Internet Group presently has a consensus rating of “Hold” and an average target price of $131.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Circle Internet Group during the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its position in shares of Circle Internet Group by 3,800.0% during the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Circle Internet Group during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group during the 2nd quarter worth about $27,000. Finally, Bellevue Asset Management LLC acquired a new position in shares of Circle Internet Group during the 4th quarter worth about $29,000.

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.