Circle Internet Group (NYSE:CRCL) Director Sells $158,472.00 in Stock

Key Points

• Director Danita Ostling sold 1,200 shares of Circle Internet Group at an average price of $132.06, totaling $158,472. After the sale, she still owned 22,590 shares worth about $2.98 million.
• Circle’s latest earnings were mixed: the company reported $0.21 EPS, below the $0.27 consensus, while revenue rose 20% year over year to $694.13 million. The company also posted a negative net margin of 2.76%.
• Analysts remain divided but generally constructive, with Needham and Mizuho raising price targets to $150 and $135, respectively, while the overall consensus rating stays at Hold with a $131.76 target.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Danita Ostling sold 1,200 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $132.06, for a total value of $158,472.00. Following the transaction, the director directly owned 22,590 shares in the company, valued at approximately $2,983,235.40. This represents a 5.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Circle Internet Group Stock Performance

Shares of NYSE CRCL traded up $3.08 during mid-day trading on Wednesday, reaching $126.73. 19,346,568 shares of the company traded hands, compared to its average volume of 15,682,657. The stock has a market cap of $31.28 billion and a PE ratio of -39.60. The company's fifty day moving average is $105.61 and its two-hundred day moving average is $90.14. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The company had revenue of $694.13 million for the quarter. Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 3.02%. The company's revenue for the quarter was up 20.0% on a year-over-year basis. Research analysts forecast that Circle Internet Group, Inc. will post 0.85 earnings per share for the current year.

Trending Headlines about Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Needham & Company raised its price target on Circle to $150 from $130 and reiterated a buy rating, suggesting meaningful upside from current levels. Circle Internet Group NYSE: CRCL Given New $150.00 Price Target at Needham & Company LLC
• Positive Sentiment: Mizuho also lifted its target to $135 from $120, reinforcing Wall Street’s improving view on the stock even though the firm kept a neutral rating. Circle Internet Group NYSE: CRCL Given New $135.00 Price Target at Mizuho
• Positive Sentiment: Circle’s Q1 results beat EPS estimates, helped by higher reserve income and a sharp jump in USDC transaction volume, which points to stronger stablecoin adoption. Circle Q1 Earnings Beat Estimates, Revenues Miss but Increase Y/Y
• Positive Sentiment: CEO Jeremy Allaire’s comments backing transaction-based stablecoin rewards added to the bullish narrative around future USDC adoption and usage. Circle CEO Jeremy Allaire Endorses Stablecoin Rewards Based On Transactions Instead Of Passive Holding, Calls It 'Powerful Tailwind' For USDC Adoption
• Neutral Sentiment: Some coverage noted that revenue missed estimates and net income declined, which tempers the enthusiasm despite the growth in USDC volume and revenue still rising year over year. Circle Revenue Rises 20%, But Net Income Drops As USDC Hits $77 Billion
• Neutral Sentiment: Zacks flagged CRCL as one of the trending stocks, reflecting increased investor attention rather than a direct fundamental catalyst. TEAM, CRCL, DDOG Reflect Trending Stocks: Here's Why

Hedge Funds Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group in the 2nd quarter valued at $27,000. Larson Financial Group LLC raised its position in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company's stock valued at $26,000 after purchasing an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Circle Internet Group in the 3rd quarter valued at $27,000. Montag A & Associates Inc. bought a new position in Circle Internet Group in the 3rd quarter valued at $33,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Circle Internet Group in the 3rd quarter valued at $35,000.

Analyst Ratings Changes

A number of analysts have issued reports on CRCL shares. Compass Point reaffirmed a "sell" rating and issued a $77.00 target price (down from $79.00) on shares of Circle Internet Group in a report on Thursday, April 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of Circle Internet Group in a research report on Monday, April 20th. William Blair reiterated an "outperform" rating on shares of Circle Internet Group in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $101.00 price objective on shares of Circle Internet Group in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on Circle Internet Group from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Circle Internet Group currently has a consensus rating of "Hold" and a consensus price target of $131.76.

Circle Internet Group Company Profile

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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