Circle Internet Group (NYSE:CRCL) Director Sells $163,933.20 in Stock

Key Points

• Circle Internet Group's Director Danita Ostling sold 1,290 shares of the firm's stock for a total of $163,933.20, reducing her ownership by 4.27% to 28,952 shares.
• The stock reached $137.25 on Wednesday, with a market capitalization of $30.54 billion and a price-to-earnings ratio of -10,846.37.
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and an average target price of $170.91, reflecting a range of ratings from Strong Buy to Sell.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Danita Ostling sold 1,290 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $127.08, for a total transaction of $163,933.20. Following the transaction, the director directly owned 28,952 shares in the company, valued at approximately $3,679,220.16. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Circle Internet Group Price Performance

Shares of NYSE:CRCL traded up $2.02 during trading on Wednesday, reaching $137.25. The stock had a trading volume of 9,905,287 shares, compared to its average volume of 26,687,350. Circle Internet Group, Inc. has a 52 week low of $64.00 and a 52 week high of $298.99. The stock has a market capitalization of $30.54 billion and a price-to-earnings ratio of -10,846.37. The firm's fifty day moving average is $183.03.

Hedge Funds Weigh In On Circle Internet Group

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

Analyst Ratings Changes

A number of equities analysts have recently commented on CRCL shares. Wall Street Zen lowered shares of Circle Internet Group from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Sanford C. Bernstein started coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They issued an "outperform" rating and a $230.00 price target on the stock. Robert W. Baird dropped their price target on shares of Circle Internet Group from $210.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Circle Internet Group from $163.00 to $123.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Circle Internet Group from $80.00 to $89.00 and gave the company an "underweight" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Circle Internet Group has a consensus rating of "Hold" and an average target price 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.

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