Circle Internet Group (NYSE:CRCL) Director Danita Ostling Sells 2,662 Shares

by · The Cerbat Gem

Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) Director Danita Ostling sold 2,662 shares of Circle Internet Group stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $84.69, for a total transaction of $225,444.78. Following the completion of the transaction, the director directly owned 26,290 shares of the company’s stock, valued at $2,226,500.10. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Circle Internet Group Stock Down 6.5%

Shares of NYSE:CRCL traded down $5.34 during trading on Monday, reaching $76.55. 23,662,289 shares of the stock traded hands, compared to its average volume of 18,844,678. The firm’s 50-day moving average price is $126.80. Circle Internet Group, Inc. has a 52-week low of $64.00 and a 52-week high of $298.99.

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

Institutional Investors Weigh In On Circle Internet Group

A number of large investors have recently made changes to their positions in the company. Brand Asset Management Group Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at about $272,000. Westbourne Investments Inc. purchased a new position in shares of Circle Internet Group in the second quarter worth approximately $204,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Circle Internet Group in the second quarter worth approximately $1,083,000. Wealth Enhancement Advisory Services LLC bought a new stake in Circle Internet Group during the second quarter valued at approximately $673,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Circle Internet Group during the second quarter valued at approximately $18,397,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Mizuho lowered their price target on Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating on the stock in a report on Friday. Monness Crespi & Hardt started coverage on Circle Internet Group in a research report on Monday, November 10th. They issued a “buy” rating and a $150.00 target price for the company. Citigroup started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating on the stock. Oppenheimer assumed coverage on shares of Circle Internet Group in a report on Friday, September 12th. They set a “market perform” rating on the stock. Finally, Robert W. Baird reduced their price target on shares of Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.53.

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Circle Internet Group Company Profile

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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.

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