Circle Internet Group (NYSE:CRCL) Hits New 52-Week High - Here's What Happened

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $263.83 and last traded at $260.73, with a volume of 22321798 shares. The stock had previously closed at $240.28.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRCL. Compass Point assumed coverage on shares of Circle Internet Group in a research report on Tuesday. They set a "neutral" rating and a $205.00 target price for the company. Wall Street Zen raised shares of Circle Internet Group to a "hold" rating in a research report on Saturday, June 14th. Finally, Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a report on Friday, June 20th.

Circle Internet Group Stock Up 7.6%

Insiders Place Their Bets

In other Circle Internet Group news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of Circle Internet Group stock in a transaction that occurred 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 sale, the insider now directly owns 20,120,769 shares in the company, valued at $589,538,531.70. The trade was a 15.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nikhil Chandhok sold 300,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $8,790,000.00. Following the completion of the transaction, the insider now directly owns 605,580 shares in the company, valued at approximately $17,743,494. The trade was a 33.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock worth $195,808,501 in the last 90 days.

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.