Circle Internet Group (NYSE:CRCL) CFO Sells $4,081,691.60 in Stock

Key Points

• Circle Internet Group's CFO, Jeremy Fox-Geen, sold 33,608 shares of the company for approximately $4.08 million at an average price of $121.45, reducing his ownership by 10.14%.
• The company's stock price fell by 1.0% to $117.23, with a market capitalization of $26.90 billion and a P/E ratio of -9,264.26.
• Analysts have varying opinions on the stock, with a consensus rating of "Hold" and a price target ranging from $83.00 to $215.00.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CFO Jeremy Fox-Geen sold 33,608 shares of Circle Internet Group stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $121.45, for a total transaction of $4,081,691.60. Following the sale, the chief financial officer directly owned 297,823 shares of the company's stock, valued at approximately $36,170,603.35. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jeremy Fox-Geen also recently made the following trade(s):

• On Monday, August 18th, Jeremy Fox-Geen sold 16,392 shares of Circle Internet Group stock. The stock was sold at an average price of $127.08, for a total transaction of $2,083,095.36.
• On Friday, June 6th, Jeremy Fox-Geen sold 200,000 shares of Circle Internet Group stock. The stock was sold at an average price of $29.30, for a total transaction of $5,860,000.00.

Circle Internet Group Stock Down 1.0%

NYSE:CRCL traded down $1.23 during midday trading on Thursday, hitting $117.23. 6,363,647 shares of the company were exchanged, compared to its average volume of 23,690,723. The stock has a fifty day moving average of $171.69. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99. The firm has a market capitalization of $26.90 billion and a P/E ratio of -9,264.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new position in Circle Internet Group during the second quarter worth about $27,000. North Star Investment Management Corp. acquired a new position in Circle Internet Group during the second quarter worth about $34,000. Hennessy Advisors Inc. acquired a new position in Circle Internet Group during the second quarter worth about $36,000. Allworth Financial LP acquired a new position in Circle Internet Group during the second quarter worth about $37,000. Finally, Chilton Capital Management LLC acquired a new position in Circle Internet Group during the second quarter worth about $40,000.

Wall Street Analysts Forecast Growth

CRCL has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Circle Internet Group from $210.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Baird R W upgraded shares of Circle Internet Group to a "hold" rating in a research note on Friday, July 11th. Barclays assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued an "overweight" rating and a $215.00 price objective on the stock. Mizuho set a $85.00 price objective on shares of Circle Internet Group in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $170.91.

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.

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