Circle Internet Group (NYSE:CRCL) Downgraded by Wall Street Zen to "Sell"

Circle Internet Group (NYSE:CRCL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

Several other equities research analysts have also recently weighed in on the company. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Compass Point started coverage on Circle Internet Group in a research note on Tuesday. They set a "neutral" rating and a $205.00 price objective on the stock.

Circle Internet Group Price Performance

Shares of NYSE CRCL traded down $33.01 during midday trading on Friday, reaching $180.62. The stock had a trading volume of 47,859,600 shares, compared to its average volume of 46,664,728. The stock has a market cap of $40.20 billion and a PE ratio of -14,273.75. Circle Internet Group has a 12-month low of $64.00 and a 12-month high of $298.99.

Insider Buying and Selling

In other Circle Internet Group news, CEO Jeremy Allaire sold 1,582,160 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $46,357,288.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikhil Chandhok sold 300,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $8,790,000.00. Following the sale, the insider now owns 605,580 shares of the company's stock, valued at approximately $17,743,494. This represents a 33.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,682,884 shares of company stock valued at $195,808,501 over the last quarter.

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.