Circle Internet Group (NYSE:CRCL) President Sells $1,740,600.00 in Stock

by · The Markets Daily

Circle Internet Group, Inc. (NYSE:CRCL – Get Free Report) President Heath Tarbert sold 15,000 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $116.04, for a total transaction of $1,740,600.00. Following the completion of the sale, the president directly owned 584,156 shares of the company’s stock, valued at $67,785,462.24. The trade was a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Heath Tarbert also recently made the following trade(s):

  • On Tuesday, March 10th, Heath Tarbert sold 43,694 shares of Circle Internet Group stock. The shares were sold at an average price of $117.80, for a total transaction of $5,147,153.20.
  • On Monday, March 2nd, Heath Tarbert sold 122,007 shares of Circle Internet Group stock. The stock was sold at an average price of $94.23, for a total transaction of $11,496,719.61.
  • On Thursday, February 26th, Heath Tarbert sold 10,753 shares of Circle Internet Group stock. The stock was sold at an average price of $90.14, for a total value of $969,275.42.
  • On Monday, December 22nd, Heath Tarbert sold 3,048 shares of Circle Internet Group stock. The shares were sold at an average price of $90.02, for a total value of $274,380.96.

Circle Internet Group Trading Up 9.2%

Shares of CRCL traded up $10.59 on Monday, reaching $125.97. 18,496,315 shares of the company’s stock traded hands, compared to its average volume of 14,858,777. The stock has a market cap of $29.66 billion and a PE ratio of -67.73. The stock’s 50 day simple moving average is $77.42 and its two-hundred day simple moving average is $97.71. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99.

Circle Internet Group (NYSE:CRCL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.18. The business had revenue of $770.23 million during the quarter. The business’s revenue was up 76.9% on a year-over-year basis.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRCL shares. The Goldman Sachs Group increased their price target on shares of Circle Internet Group from $79.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Wall Street Zen raised shares of Circle Internet Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company dropped their target price on shares of Circle Internet Group from $128.00 to $111.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. William Blair reissued an “outperform” rating on shares of Circle Internet Group in a research report on Wednesday, February 25th. Finally, Mizuho raised their price target on shares of Circle Internet Group from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and an average price target of $124.65.

Get Our Latest Report on CRCL

Institutional Investors Weigh In On Circle Internet Group

Large investors have recently added to or reduced their stakes in the company. General Catalyst Group Management LLC purchased a new stake in Circle Internet Group during the second quarter valued at about $3,647,694,000. Marshall Wace LLP boosted its position in 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 purchasing an additional 1,919,205 shares during the period. IDG Accel China Capital II Associates L.P. purchased a new position in shares of Circle Internet Group in the fourth quarter worth about $554,792,000. Accel XI Associates L.L.C. bought a new stake in shares of Circle Internet Group in the fourth quarter valued at approximately $513,844,000. Finally, Vanguard Group Inc. raised its position in shares of Circle Internet Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company’s stock valued at $448,292,000 after purchasing an additional 74,414 shares during the period.

About Circle Internet Group

(Get Free Report)

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.

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