Nikhil Chandhok Sells 10,000 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) insider Nikhil Chandhok sold 10,000 shares of Circle Internet Group stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the insider directly owned 474,974 shares in the company, valued at approximately $42,747,660. The trade was a 2.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nikhil Chandhok also recently made the following trade(s):

• On Monday, December 1st, Nikhil Chandhok sold 100,000 shares of Circle Internet Group stock. The shares were sold at an average price of $77.08, for a total transaction of $7,708,000.00.

Circle Internet Group Trading Up 9.3%

NYSE CRCL traded up $7.04 on Tuesday, hitting $82.50. The stock had a trading volume of 14,951,131 shares, compared to its average volume of 18,438,279. The business has a fifty day moving average of $104.27. Circle Internet Group, Inc. has a 52-week low of $64.00 and a 52-week high of $298.99.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Oppenheimer began coverage on shares of Circle Internet Group in a research report on Friday, September 12th. They issued a “market perform” rating for the company. Rothschild & Co Redburn assumed coverage on shares of Circle Internet Group in a research note on Friday, October 3rd. They set a “neutral” rating and a $136.00 price target on the stock. Citizens Jmp initiated coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a “market perform” rating for the company. Canaccord Genuity Group reissued a “buy” rating and set a $247.00 price objective on shares of Circle Internet Group in a report on Thursday, September 11th. Finally, Monness Crespi & Hardt assumed coverage on Circle Internet Group in a research note on Monday, November 10th. They issued a “buy” rating and a $150.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.69.

Hedge Funds Weigh In On Circle Internet Group

A number of institutional investors have recently modified their holdings of CRCL. CTC Alternative Strategies Ltd. acquired a new position in shares of Circle Internet Group in the 3rd quarter valued at about $491,000. Strategic Investment Solutions Inc. IL grew its stake in shares of Circle Internet Group by 833.3% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 560 shares of the company’s stock worth $74,000 after purchasing an additional 500 shares during the period. IFP Advisors Inc increased its holdings in shares of Circle Internet Group by 2,565.3% during the 3rd quarter. IFP Advisors Inc now owns 3,225 shares of the company’s stock valued at $428,000 after purchasing an additional 3,104 shares in the last quarter. WJ Wealth Management LLC acquired a new position in shares of Circle Internet Group in the 3rd quarter valued at $289,000. Finally, Tcfg Wealth Management LLC purchased a new stake in Circle Internet Group during the third quarter worth $323,000.

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.