Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 30,000 Shares

Circle Internet Group, Inc. (NYSE:CRCL) Director Patrick Sean Neville sold 30,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Patrick Sean Neville also recently made the following trade(s):

• On Friday, December 12th, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $450,000.00.
• On Thursday, November 13th, Patrick Sean Neville sold 33,569 shares of Circle Internet Group stock. The stock was sold at an average price of $85.05, for a total value of $2,855,043.45.

Circle Internet Group Price Performance

CRCL stock traded up $7.04 during midday trading on Tuesday, hitting $82.50. The company’s stock had a trading volume of 14,951,131 shares, compared to its average volume of 18,438,279. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99. The business has a 50 day moving average price of $104.27.

Circle Internet Group (NYSE:CRCL) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.44. The company had revenue of $739.76 million for the quarter. The company’s revenue was up 65.9% on a year-over-year basis.

Analyst Ratings Changes

Several brokerages have commented on CRCL. Needham & Company LLC decreased their price target on shares of Circle Internet Group from $250.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen cut Circle Internet Group from a “hold” rating to a “sell” rating in a report on Saturday. Monness Crespi & Hardt initiated coverage on Circle Internet Group in a research report on Monday, November 10th. They issued a “buy” rating and a $150.00 target price on the stock. 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, November 13th. Finally, The Goldman Sachs Group cut their price target on Circle Internet Group from $92.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, November 21st. 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 four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $144.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. General Catalyst Group Management LLC bought a new stake in Circle Internet Group during the second quarter worth approximately $3,647,694,000. Marshall Wace LLP purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $1,547,214,000. ARK Investment Management LLC purchased a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $530,165,000. Vanguard Group Inc. increased its position in shares of Circle Internet Group by 61.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,578,696 shares of the company’s stock valued at $739,624,000 after purchasing an additional 2,126,072 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Circle Internet Group by 282.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,299,374 shares of the company’s stock valued at $172,271,000 after buying an additional 959,309 shares during the period.

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.