Compass Point Begins Coverage on Circle Internet Group (NYSE:CRCL)

Compass Point started coverage on shares of Circle Internet Group (NYSE:CRCL) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $205.00 price target on the stock.

A number of other brokerages have also weighed in on CRCL. Wall Street Zen upgraded shares of Circle Internet Group to a “hold” rating in a report on Saturday, June 14th. Seaport Res Ptn upgraded shares of Circle Internet Group to a “strong-buy” rating in a report on Friday, June 20th.

Circle Internet Group Price Performance

Shares of NYSE CRCL opened at $213.78 on Tuesday. Circle Internet Group has a twelve month low of $64.00 and a twelve month high of $298.99.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, insider Nikhil Chandhok sold 300,000 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $8,790,000.00. Following the completion of the sale, the insider now directly owns 605,580 shares in the company, valued at approximately $17,743,494. The trade was a 33.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $104,036,213.20. Following the sale, the insider now owns 20,120,769 shares of the company’s stock, valued at approximately $589,538,531.70. This represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,682,884 shares of company stock worth $195,808,501.

About Circle Internet Group

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.