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

Circle Internet Group, Inc. (NYSE:CRCL) CFO Jeremy Fox-Geen sold 45,000 shares of the firm’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 transaction of $4,050,000.00. Following the completion of the transaction, the chief financial officer directly owned 323,837 shares in the company, valued at approximately $29,145,330. The trade was a 12.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $635,700.00.
• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The stock was sold at an average price of $88.00, for a total transaction of $714,560.00.

Circle Internet Group Price Performance

Shares of Circle Internet Group stock opened at $87.72 on Tuesday. Circle Internet Group, Inc. has a 1-year low of $49.90 and a 1-year high of $159.47. The company’s fifty day simple moving average is $69.30 and its 200-day simple moving average is $86.70. The stock has a market capitalization of $22.27 billion, a PE ratio of 60.08 and a beta of 0.23.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data 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%.Circle Internet Group’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned ($4.48) EPS. As a group, research analysts anticipate that Circle Internet Group, Inc. will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

CRCL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Circle Internet Group from $111.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Seaport Research Partners set a $100.00 target price on shares of Circle Internet Group in a report on Monday, August 17th. Canaccord Genuity Group decreased their target price on shares of Circle Internet Group from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. HC Wainwright dropped their price target on shares of Circle Internet Group from $115.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, TD Cowen upped their price target on shares of Circle Internet Group from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.47.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. General Catalyst Group Management LLC bought a new position in Circle Internet Group in the 2nd quarter worth approximately $3,647,694,000. California State Teachers Retirement System lifted its holdings in shares of Circle Internet Group by 222,662.5% in the second quarter. California State Teachers Retirement System now owns 13,871,418 shares of the company’s stock worth $868,767,000 after buying an additional 13,865,191 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Circle Internet Group by 23.8% during the fourth quarter. Marshall Wace LLP now owns 9,978,729 shares of the company’s stock worth $791,313,000 after acquiring an additional 1,919,205 shares during the last quarter. IDG Accel China Capital II Associates L.P. bought a new position in shares of Circle Internet Group during the fourth quarter worth $554,792,000. Finally, Accel XI Associates L.L.C. purchased a new position in Circle Internet Group during the fourth quarter valued at $513,844,000.

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.