Circle Internet Group (NYSE:CRCL) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a research note issued on Monday,Briefing.com Automated Import reports. The firm set a "hold" rating and a $155.00 price target on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential downside of 14.18% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Barclays started coverage on Circle Internet Group in a research note on Monday. They set an "overweight" rating and a $215.00 target price on the stock. Oppenheimer began coverage on shares of Circle Internet Group in a report on Monday. They issued a "market perform" rating on the stock. Needham & Company LLC assumed coverage on shares of Circle Internet Group in a research report on Monday. They issued a "buy" rating and a $250.00 target price for the company. Compass Point began coverage on shares of Circle Internet Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price target on the stock. Finally, Sanford C. Bernstein began coverage on shares of Circle Internet Group in a research note on Monday. They issued an "outperform" rating and a $230.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $183.13.

Circle Internet Group Trading Down 15.5%

Shares of NYSE:CRCL opened at $180.62 on Monday. The stock has a market cap of $40.20 billion and a P/E ratio of -14,273.75. Circle Internet Group has a 1 year low of $64.00 and a 1 year high of $298.99.

Insider Activity

In other news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the firm'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 $104,036,213.20. Following the completion of the transaction, the insider now directly owns 20,120,769 shares in the company, valued at $589,538,531.70. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikhil Chandhok sold 300,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $8,790,000.00. Following the sale, the insider now directly owns 605,580 shares in the company, valued at $17,743,494. This trade represents a 33.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,682,884 shares of company stock worth $195,808,501.

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.

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