Circle Internet Group (NYSE:CRCL) Given a $185.00 Price Target by Robert W. Baird Analysts

Robert W. Baird set a $185.00 price objective on Circle Internet Group (NYSE:CRCL) in a research note released on Wednesday, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

CRCL has been the topic of a number of other research reports. JPMorgan Chase & Co. initiated coverage on Circle Internet Group in a research note on Monday, June 30th. They issued an “underweight” rating and a $80.00 price target on the stock. Compass Point cut Circle Internet Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $205.00 to $130.00 in a research report on Monday, July 21st. Oppenheimer assumed coverage on Circle Internet Group in a research report on Tuesday. They set a “market perform” rating on the stock. Citigroup assumed coverage on Circle Internet Group in a research report on Monday, June 30th. They set a “buy” rating and a $243.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Circle Internet Group in a research report on Tuesday. They set a “hold” rating and a $155.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Circle Internet Group currently has an average rating of “Hold” and a consensus price target of $173.00.

Circle Internet Group Trading Up 7.3%

CRCL opened at $149.38 on Wednesday. Circle Internet Group has a 1-year low of $64.00 and a 1-year high of $298.99. The firm has a fifty day simple moving average of $183.28. The company has a market cap of $33.24 billion and a PE ratio of -11,804.96.

Insider Activity at Circle Internet Group

In other news, CFO Jeremy Fox-Geen sold 200,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $5,860,000.00. Following the sale, the chief financial officer directly owned 320,371 shares of the company’s stock, valued at approximately $9,386,870.30. This represents a 38.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nikhil Chandhok sold 300,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $8,790,000.00. Following the sale, the insider directly owned 605,580 shares in the company, valued at approximately $17,743,494. This trade represents a 33.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock worth $195,808,501 in the last quarter.

Institutional Trading of Circle Internet Group

Several large investors have recently modified their holdings of CRCL. General Catalyst Group Management LLC acquired a new stake in shares of Circle Internet Group during the 2nd quarter worth $3,647,694,000. Marshall Wace LLP bought a new position in Circle Internet Group in the second quarter valued at about $1,547,214,000. ARK Investment Management LLC bought a new position in Circle Internet Group in the second quarter valued at about $530,165,000. Squarepoint Ops LLC bought a new position in Circle Internet Group in the second quarter valued at about $73,101,000. Finally, Geode Capital Management LLC bought a new position in Circle Internet Group in the second quarter valued at about $65,504,000.

Circle Internet Group Company Profile

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.