Circle Internet Group (NYSE:CRCL) Director Danita Ostling Sells 2,662 Shares

Key Points

• Director Danita Ostling sold 2,662 shares at an average price of $84.69 for $225,444.78, trimming her stake by 9.19% to 26,290 shares valued at $2,226,500.10.
• Circle's stock fell about 6.5% to $76.55 on heavy volume (23.66M shares vs. a 18.84M average), with a 52-week range of $64.00 to $298.99.
• The company posted a strong quarterly beat with $0.64 EPS vs. $0.20 expected and revenue of $739.76 million, up 65.9% year‑over‑year.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Danita Ostling sold 2,662 shares of Circle Internet Group stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $84.69, for a total transaction of $225,444.78. Following the completion of the transaction, the director directly owned 26,290 shares of the company's stock, valued at $2,226,500.10. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Circle Internet Group Stock Down 6.5%

Shares of NYSE:CRCL traded down $5.34 during trading on Monday, reaching $76.55. 23,662,289 shares of the stock traded hands, compared to its average volume of 18,844,678. The firm's 50-day moving average price is $126.80. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. The firm's revenue for the quarter was up 65.9% compared to the same quarter last year.

Institutional Investors Weigh In On Circle Internet Group

A number of large investors have recently made changes to their positions in the company. Brand Asset Management Group Inc. purchased a new stake in shares of Circle Internet Group during the 2nd quarter valued at about $272,000. Westbourne Investments Inc. purchased a new position in shares of Circle Internet Group in the second quarter worth approximately $204,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Circle Internet Group in the second quarter worth approximately $1,083,000. Wealth Enhancement Advisory Services LLC bought a new stake in Circle Internet Group during the second quarter valued at approximately $673,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Circle Internet Group during the second quarter valued at approximately $18,397,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Mizuho lowered their price target on Circle Internet Group from $84.00 to $70.00 and set an "underperform" rating on the stock in a report on Friday. Monness Crespi & Hardt started coverage on Circle Internet Group in a research report on Monday, November 10th. They issued a "buy" rating and a $150.00 target price for the company. Citigroup started coverage on shares of Circle Internet Group in a research note on Tuesday, September 30th. They set a "market perform" rating on the stock. Oppenheimer assumed coverage on shares of Circle Internet Group in a report on Friday, September 12th. They set a "market perform" rating on the stock. Finally, Robert W. Baird reduced their price target on shares of Circle Internet Group from $144.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $150.53.

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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