Rajeev V. Date Sells 33,400 Shares of Circle Internet Group (NYSE:CRCL) Stock

Key Points

• Rajeev Date, a director at Circle Internet Group, sold 33,400 shares at an average price of $127.08, totaling approximately $4.24 million, decreasing his ownership by 11.84%.
• Circle Internet Group's stock currently has a market cap of $30.54 billion and has recorded a 52-week low of $64.00 and a high of $298.99.
• Analysts have varied opinions on the stock, with recommendations ranging from a "Strong Buy" to "Sell," and a consensus price target of $170.91.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Rajeev V. Date sold 33,400 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $4,244,472.00. Following the transaction, the director directly owned 248,663 shares of the company's stock, valued at approximately $31,600,094.04. This represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Circle Internet Group Stock Up 2.3%

CRCL traded up $2.99 on Friday, reaching $134.79. The company's stock had a trading volume of 13,246,597 shares, compared to its average volume of 11,938,076. The business has a 50 day simple moving average of $183.95. The company has a market capitalization of $30.00 billion and a P/E ratio of -10,651.97. Circle Internet Group, Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $298.99.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRCL. Wall Street Zen downgraded Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. The Goldman Sachs Group began coverage on Circle Internet Group in a report on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price target on shares of Circle Internet Group in a report on Wednesday. Mizuho set a $85.00 price target on Circle Internet Group in a report on Tuesday, August 12th. Finally, Compass Point downgraded 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 report on Monday, July 21st. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $170.91.

Institutional Investors Weigh In On Circle Internet Group

Several hedge funds have recently modified their holdings of the stock. General Catalyst Group Management LLC acquired a new stake in shares of Circle Internet Group during the second quarter worth $3,647,694,000. Marshall Wace LLP acquired a new stake in shares of Circle Internet Group during the second quarter worth $1,547,214,000. ARK Investment Management LLC acquired a new stake in shares of Circle Internet Group during the second quarter worth $530,165,000. Squarepoint Ops LLC acquired a new stake in shares of Circle Internet Group during the second quarter worth $73,101,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in shares of Circle Internet Group during the second quarter worth $72,486,000.

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.