Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $263.45, but opened at $250.42. Circle Internet Group shares last traded at $250.00, with a volume of 23,067,564 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CRCL. 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 report on Tuesday. They issued a "neutral" rating and a $205.00 price objective for the company. Finally, Wall Street Zen raised Circle Internet Group to a "hold" rating in a report on Saturday, June 14th.
Read Our Latest Report on CRCL
Circle Internet Group Stock Performance
The stock has a market cap of $39.35 billion and a P/E ratio of -13,972.66.
Insider Buying and Selling
In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 200,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $5,860,000.00. Following the sale, the chief financial officer now directly owns 320,371 shares in the company, valued at approximately $9,386,870.30. This trade represents a 38.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rajeev V. Date sold 50,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the director now directly owns 238,513 shares of the company's stock, valued at $6,988,430.90. This trade represents a 17.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,682,884 shares of company stock valued at $195,808,501 over the last three months.
About Circle Internet Group
(
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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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