Circle Internet Group (NYSE:CRCL) Director Sells $3,805,537.68 in Stock

Key Points

• Circle Internet Group Director M Michele Burns sold 29,946 shares at an average price of $127.08, resulting in a total transaction of approximately $3.8 million.
• The stock is currently trading at $137.25, reflecting a 1.5% increase, with a market cap of $30.54 billion.
• Analysts have mixed views on Circle Internet Group, with a consensus rating of "Hold" and an average price target of $170.91.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director M Michele Burns sold 29,946 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total value of $3,805,537.68. Following the sale, the director owned 315,230 shares of the company's stock, valued at approximately $40,059,428.40. The trade was a 8.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Circle Internet Group Stock Up 2.3%

NYSE:CRCL traded up $2.99 during mid-day trading on Friday, hitting $134.79. 13,246,597 shares of the company's stock traded hands, compared to its average volume of 11,938,076. The firm's 50 day moving average price is $183.95. Circle Internet Group, Inc. has a 12 month low of $64.00 and a 12 month high of $298.99. The company has a market capitalization of $30.00 billion and a price-to-earnings ratio of -10,651.97.

Institutional Trading of Circle Internet Group

A number of hedge funds have recently modified their holdings of CRCL. Brand Asset Management Group Inc. bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $272,000. Westbourne Investments Inc. bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $204,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $1,083,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Circle Internet Group in the 2nd quarter worth approximately $673,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $18,397,000.

Analysts Set New Price Targets

Several analysts recently weighed in on CRCL shares. Barclays started coverage on Circle Internet Group in a research note on Monday, June 30th. They set an "overweight" rating and a $215.00 target price for the company. Citigroup started coverage on Circle Internet Group in a research note on Monday, June 30th. They set a "buy" rating and a $243.00 target price for the company. Canaccord Genuity Group restated a "buy" rating and set a $247.00 target price on shares of Circle Internet Group in a research note on Monday, August 18th. Compass Point downgraded Circle Internet Group from a "neutral" rating to a "sell" rating and decreased their target price for the company from $205.00 to $130.00 in a research note on Monday, July 21st. Finally, Robert W. Baird decreased their target price on Circle Internet Group from $210.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.