Circle Internet Group (NYSE:CRCL) Director Rajeev Date Sells 190,867 Shares

by · The Cerbat Gem

Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) Director Rajeev Date sold 190,867 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $83.58, for a total transaction of $15,952,663.86. Following the sale, the director directly owned 127,247 shares of the company’s stock, valued at approximately $10,635,304.26. This trade represents a 60.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Circle Internet Group Stock Performance

Shares of CRCL stock traded down $5.34 during trading hours on Monday, reaching $76.55. The company’s stock had a trading volume of 23,662,289 shares, compared to its average volume of 18,844,678. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The company’s 50 day moving average is $126.80.

Circle Internet Group (NYSE:CRCL – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.44. The business had revenue of $739.76 million during the quarter. The company’s revenue for the quarter was up 65.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Larson Financial Group LLC lifted its holdings in 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 buying an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Circle Internet Group in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in shares of Circle Internet Group in the second quarter worth approximately $27,000. Highline Wealth Partners LLC bought a new stake in Circle Internet Group in the third quarter valued at approximately $32,000. Finally, Montag A & Associates Inc. acquired a new stake in Circle Internet Group during the 3rd quarter valued at approximately $33,000.

Analyst Ratings Changes

A number of research firms recently issued reports on CRCL. Rothschild Redb upgraded shares of Circle Internet Group to a “hold” rating in a research report on Friday, October 3rd. Citizens Jmp assumed coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They set a “market perform” rating for the company. Wells Fargo & Company dropped their price target on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday. Baird R W raised Circle Internet Group from a “hold” rating to a “strong-buy” rating in a report on Friday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $247.00 target price on shares of Circle Internet Group in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.53.

Read Our Latest Report on Circle Internet Group

About Circle Internet Group

(Get Free Report)

Founded in 2013, Circle’s mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.

Featured Articles