Insider Selling: Circle Internet Group (NYSE:CRCL) Director Sells 260,374 Shares of Stock

Key Points

• Circle Internet Group Director Patrick Sean Neville sold 260,374 shares of the company's stock for a total of $33,088,327.92 on August 18th, at an average price of $127.08.
• The company's stock price increased by 1.5% to $137.25 during midday trading, amidst a trading volume of 9,902,441 shares.
• Several research firms have adjusted ratings for Circle Internet Group, with one analyst providing an "outperform" rating and a price target of $230.00, while others lowered their ratings and targets, indicating mixed sentiments in the market.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Patrick Sean Neville sold 260,374 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $33,088,327.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, June 6th, Patrick Sean Neville sold 1,000,000 shares of Circle Internet Group stock. The stock was sold at an average price of $29.30, for a total transaction of $29,300,000.00.

Circle Internet Group Trading Up 2.3%

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Circle Internet Group from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They set a "neutral" rating and a $83.00 price objective on the stock. Robert W. Baird dropped their price objective on shares of Circle Internet Group from $210.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised their price objective on shares of Circle Internet Group from $80.00 to $89.00 and gave the stock an "underweight" rating in a research note on Tuesday. Finally, Baird R W upgraded Circle Internet Group to a "hold" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has an average rating of "Hold" and a consensus price target of $170.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRCL. Brand Asset Management Group Inc. purchased a new position in Circle Internet Group in the 2nd quarter valued at $272,000. Westbourne Investments Inc. purchased a new position in Circle Internet Group in the 2nd quarter valued at $204,000. Baader Bank Aktiengesellschaft purchased a new position in Circle Internet Group in the 2nd quarter valued at $1,083,000. Wealth Enhancement Advisory Services LLC purchased a new position in Circle Internet Group in the 2nd quarter valued at $673,000. Finally, Exchange Traded Concepts LLC purchased a new position in Circle Internet Group in the 2nd quarter valued at $18,397,000.

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.