Circle Internet Group (NYSE:CRCL) Director Patrick Sean Neville Sells 30,000 Shares

Key Points

• Director Patrick Sean Neville sold 30,000 shares on April 1 at an average price of $98.04 under a pre‑arranged Rule 10b5‑1 plan, generating about $2.94 million and reducing his stake by 50% to 30,000 shares.
• Neville made additional recent sales — 30,000 and 5,000 shares on February 26 at $90 and another 5,000 shares on April 1 at $98.04 — totaling roughly 70,000 shares sold for about $6.58 million.
• Business fundamentals: Circle reported Q results with EPS $0.43 (vs. $0.25 consensus) and revenue $770.23 million, up 76.9% year‑over‑year; the stock trades near $90 with a market cap of about $22.2 billion and a negative P/E.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Patrick Sean Neville sold 30,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $98.04, for a total value of $2,941,200.00. Following the transaction, the director owned 30,000 shares in the company, valued at approximately $2,941,200. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Patrick Sean Neville also recently made the following trade(s):

• On Wednesday, April 1st, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $98.04, for a total value of $490,200.00.
• On Thursday, February 26th, Patrick Sean Neville sold 5,000 shares of Circle Internet Group stock. The shares were sold at an average price of $90.00, for a total value of $450,000.00.
• On Thursday, February 26th, Patrick Sean Neville sold 30,000 shares of Circle Internet Group stock. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00.

Circle Internet Group Price Performance

NYSE CRCL traded down $0.19 on Friday, reaching $90.07. The company had a trading volume of 12,626,518 shares, compared to its average volume of 19,827,344. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99. The firm has a 50-day moving average of $85.77 and a 200-day moving average of $96.81. The firm has a market capitalization of $22.23 billion and a PE ratio of -48.42.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.18. The firm had revenue of $770.23 million for the quarter. The business's revenue for the quarter was up 76.9% on a year-over-year basis.

Institutional Trading of Circle Internet Group

Institutional investors and hedge funds have recently bought and sold shares of the company. General Catalyst Group Management LLC acquired a new position in shares of Circle Internet Group in the 2nd quarter worth approximately $3,647,694,000. Marshall Wace LLP lifted its stake in Circle Internet Group by 23.8% during the fourth quarter. Marshall Wace LLP now owns 9,978,729 shares of the company's stock worth $791,313,000 after purchasing an additional 1,919,205 shares during the last quarter. IDG Accel China Capital II Associates L.P. bought a new position in Circle Internet Group during the fourth quarter worth $554,792,000. Accel XI Associates L.L.C. acquired a new position in Circle Internet Group in the fourth quarter worth $513,844,000. Finally, Vanguard Group Inc. boosted its holdings in Circle Internet Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,653,110 shares of the company's stock worth $448,292,000 after purchasing an additional 74,414 shares during the period.

Analyst Ratings Changes

CRCL has been the topic of a number of recent analyst reports. Compass Point upgraded shares of Circle Internet Group from a "sell" rating to a "neutral" rating and set a $75.00 price objective on the stock in a report on Thursday, January 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. Sanford C. Bernstein set a $190.00 price target on Circle Internet Group in a research note on Tuesday, January 6th. Clear Str raised Circle Internet Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 16th. Finally, Morgan Stanley started coverage on Circle Internet Group in a research note on Monday, February 2nd. They set an "equal weight" rating and a $66.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $126.29.

About Circle Internet Group

Circle Internet Group NYSE: CRCL is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

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