Jeremy Allaire Sells 7,055 Shares of Circle Internet Group (NYSE:CRCL) Stock

Circle Internet Group, Inc. (NYSE:CRCL) CEO Jeremy Allaire sold 7,055 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $90.05, for a total value of $635,302.75. Following the transaction, the chief executive officer directly owned 77,572 shares of the company’s stock, valued at $6,985,358.60. This represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jeremy Allaire also recently made the following trade(s):

• On Friday, December 12th, Jeremy Allaire sold 758 shares of Circle Internet Group stock. The shares were sold at an average price of $90.05, for a total transaction of $68,257.90.

Circle Internet Group Trading Down 4.6%

NYSE:CRCL opened at $79.21 on Thursday. The stock has a 50-day simple moving average of $101.52. 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, topping the consensus estimate of $0.20 by $0.44. The business had revenue of $739.76 million for the quarter. The business’s revenue for the quarter was up 65.9% on a year-over-year basis.

Wall Street Analysts Forecast Growth

CRCL has been the topic of a number of analyst reports. Robert W. Baird dropped their price target on Circle Internet Group from $144.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Rothschild Redb raised Circle Internet Group to a “hold” rating in a report on Friday, October 3rd. Needham & Company LLC cut their target price on 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. Wolfe Research started coverage on Circle Internet Group in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $60.00 price target for the company. Finally, Oppenheimer initiated coverage on shares of Circle Internet Group in a research note on Friday, September 12th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $144.69.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in shares of Circle Internet Group in the second quarter worth approximately $65,261,000. ARK Investment Management LLC purchased a new position in shares of Circle Internet Group during the 2nd quarter worth $530,165,000. Telligent Fund LP bought a new stake in shares of Circle Internet Group during the 2nd quarter valued at $3,263,000. Huntleigh Advisors Inc. purchased a new stake in shares of Circle Internet Group in the 2nd quarter worth $470,000. Finally, Covenant Asset Management LLC bought a new position in Circle Internet Group in the 2nd quarter worth $363,000.

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.