Circle Internet Group (NYSE:CRCL) CAO Sells $106,238.88 in Stock

Key Points

• Tamara Schulz, Chief Accounting Officer of Circle Internet Group, sold 836 shares of the company's stock for a total of $106,238.88, resulting in a 0.89% decrease in her position.
• Circle Internet Group's stock price recently rose by 1.5% to $137.25, with a trading volume well below its average, while the company maintains a market capitalization of $30.54 billion.
• Analysts have mixed sentiments about CRCL shares, with several ratings ranging from a Strong Buy to Sell and a consensus price target of $170.91.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CAO Tamara Schulz sold 836 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $106,238.88. Following the completion of the transaction, the chief accounting officer owned 93,609 shares in the company, valued at $11,895,831.72. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Circle Internet Group Stock Up 1.5%

Shares of CRCL stock traded up $2.02 during mid-day trading on Wednesday, reaching $137.25. The stock had a trading volume of 9,905,287 shares, compared to its average volume of 26,687,350. The company has a 50-day moving average price of $183.03. Circle Internet Group, Inc. has a 52-week low of $64.00 and a 52-week high of $298.99. The company has a market capitalization of $30.54 billion and a price-to-earnings ratio of -10,846.37.

Institutional Investors Weigh In On Circle Internet Group

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group during the second quarter worth about $27,000. North Star Investment Management Corp. bought a new stake in Circle Internet Group during the second quarter worth about $34,000. Hennessy Advisors Inc. bought a new stake in Circle Internet Group during the second quarter worth about $36,000. Allworth Financial LP bought a new stake in Circle Internet Group during the second quarter worth about $37,000. Finally, Chilton Capital Management LLC bought a new stake in Circle Internet Group during the second quarter worth about $40,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRCL. Compass Point cut shares of Circle Internet Group from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $205.00 to $130.00 in a research report on Monday, July 21st. Citigroup started coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set a "buy" rating and a $243.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They set a "neutral" rating and a $83.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Circle Internet Group from $80.00 to $89.00 and gave the company an "underweight" rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 target price on shares of Circle Internet Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $170.91.

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.

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