Circle Internet Group (NYSE:CRCL) President Heath Tarbert Sells 15,000 Shares

Key Points

• Heath Tarbert, President of Circle, sold 15,000 shares on April 13 at an average price of $95.04 for $1,425,600, executed under a pre‑arranged Rule 10b5‑1 plan, leaving him with 561,168 shares (a 2.6% ownership decline).
• The April sale is part of a recent string of insider disposals from Feb. 26–Apr. 13 totaling about 206,454 shares for roughly $20.78 million.
• Despite the insider selling, Circle beat quarterly EPS estimates ($0.43 vs. $0.25) and reported revenue of $770.23M (up 76.9% year‑over‑year); analysts remain mixed with a consensus "Hold" and a $126.41 target price.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) President Heath Tarbert sold 15,000 shares of the company's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $95.04, for a total value of $1,425,600.00. Following the transaction, the president directly owned 561,168 shares of the company's stock, valued at $53,333,406.72. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heath Tarbert also recently made the following trade(s):

• On Friday, March 13th, Heath Tarbert sold 15,000 shares of Circle Internet Group stock. The shares were sold at an average price of $116.04, for a total value of $1,740,600.00.
• On Tuesday, March 10th, Heath Tarbert sold 43,694 shares of Circle Internet Group stock. The shares were sold at an average price of $117.80, for a total value of $5,147,153.20.
• On Monday, March 2nd, Heath Tarbert sold 122,007 shares of Circle Internet Group stock. The shares were sold at an average price of $94.23, for a total value of $11,496,719.61.
• On Thursday, February 26th, Heath Tarbert sold 10,753 shares of Circle Internet Group stock. The shares were sold at an average price of $90.14, for a total value of $969,275.42.

Circle Internet Group Stock Up 0.2%

Shares of NYSE:CRCL traded up $0.26 during trading on Wednesday, hitting $105.75. 10,541,671 shares of the company traded hands, compared to its average volume of 15,451,182. The stock has a market capitalization of $26.10 billion and a price-to-earnings ratio of -56.85. The business's fifty day moving average is $90.08 and its 200-day moving average is $94.02. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $298.99.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.25 by $0.18. The company had revenue of $770.23 million for the quarter. Circle Internet Group's revenue for the quarter was up 76.9% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRCL. Robert W. Baird boosted their price objective on Circle Internet Group from $110.00 to $138.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Needham & Company LLC reduced their price objective on Circle Internet Group from $190.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Mizuho boosted their price objective on Circle Internet Group from $100.00 to $120.00 and gave the stock a "neutral" rating in a research report on Friday, March 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Circle Internet Group in a research report on Wednesday, January 21st. Finally, Morgan Stanley started coverage on shares of Circle Internet Group in a research report on Monday, February 2nd. They issued an "equal weight" rating and a $66.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $126.41.

Institutional Investors Weigh In On Circle Internet Group

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in Circle Internet Group in the second quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock worth $26,000 after purchasing an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Circle Internet Group in the third quarter worth approximately $27,000. Highline Wealth Partners LLC acquired a new stake in Circle Internet Group in the third quarter worth approximately $32,000. Finally, Montag A & Associates Inc. acquired a new stake in Circle Internet Group in the third quarter worth approximately $33,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.