Circle Internet Group (NYSE:CRCL) Trading Down 7% - What's Next?

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report)'s share price traded down 7% on Tuesday . The stock traded as low as $242.00 and last traded at $245.00. 28,892,046 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 46,847,508 shares. The stock had previously closed at $263.45.

Analysts Set New Price Targets

CRCL has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Circle Internet Group to a "hold" rating in a research report on Saturday, June 14th. Seaport Res Ptn upgraded Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Finally, Compass Point assumed coverage on Circle Internet Group in a research note on Tuesday. They issued a "neutral" rating and a $205.00 price target on the stock.

Circle Internet Group Price Performance

Insider Buying and Selling at Circle Internet Group

In other news, CEO Jeremy Allaire sold 1,582,160 shares of the business'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 $46,357,288.00. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $29.30, for a total transaction of $8,790,000.00. Following the completion of the transaction, the insider now owns 605,580 shares in the company, valued at approximately $17,743,494. This represents a 33.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,682,884 shares of company stock worth $195,808,501 in the last ninety 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.