Heath Tarbert Sells 1,300 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) President Heath Tarbert sold 1,300 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $90.10, for a total value of $117,130.00. Following the sale, the president directly owned 582,350 shares of the company’s stock, valued at approximately $52,469,735. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Circle Internet Group Stock Up 9.3%

Shares of NYSE:CRCL traded up $7.04 during midday trading on Tuesday, reaching $82.50. The company had a trading volume of 14,958,719 shares, compared to its average volume of 18,438,576. The company has a fifty day simple moving average of $104.27. Circle Internet Group, Inc. has a 1-year low of $64.00 and a 1-year high of $298.99.

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

Institutional Trading of Circle Internet Group

Several large investors have recently added to or reduced their stakes in CRCL. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group in the 2nd quarter worth approximately $27,000. North Star Investment Management Corp. acquired a new stake in shares of Circle Internet Group in the second quarter worth $34,000. Larson Financial Group LLC increased its position in Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Hennessy Advisors Inc. bought a new position in Circle Internet Group during the second quarter worth $36,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Circle Internet Group during the 3rd quarter valued at $27,000.

Analyst Ratings Changes

CRCL has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Circle Internet Group from $92.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Circle Internet Group in a report on Wednesday, October 8th. Monness Crespi & Hardt started coverage on Circle Internet Group in a research report on Monday, November 10th. They set a “buy” rating and a $150.00 price target on the stock. Mizuho reduced their price objective on Circle Internet Group from $84.00 to $70.00 and set an “underperform” rating for the company in a research note on Friday, November 14th. Finally, Wells Fargo & Company lowered their target price on Circle Internet Group from $160.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.69.

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.