Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $200.68, but opened at $208.84. Circle Internet Group shares last traded at $202.27, with a volume of 5,350,763 shares traded.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Barclays assumed coverage on Circle Internet Group in a research report on Monday, June 30th. They issued an "overweight" rating and a $215.00 price objective for the company. Compass Point assumed coverage on Circle Internet Group in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $205.00 price objective for the company. Sanford C. Bernstein assumed coverage on Circle Internet Group in a research report on Monday, June 30th. They issued an "outperform" rating and a $230.00 price objective for the company. Citigroup assumed coverage on Circle Internet Group in a research report on Monday, June 30th. They issued a "buy" rating and a $243.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Circle Internet Group in a research report on Monday, June 30th. They issued a "hold" rating and a $155.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Circle Internet Group presently has an average rating of "Hold" and a consensus target price of $179.30.
View Our Latest Research Report on CRCL
Circle Internet Group Price Performance
The firm has a market cap of $44.94 billion and a P/E ratio of -15,960.17.
Insider Buying and Selling at Circle Internet Group
In other news, CFO Jeremy Fox-Geen sold 200,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $5,860,000.00. Following the completion of the transaction, the chief financial officer owned 320,371 shares in the company, valued at approximately $9,386,870.30. This represents a 38.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Allaire sold 1,582,160 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $46,357,288.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,682,884 shares of company stock valued at $195,808,501 in the last three months.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at about $18,397,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at about $1,083,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at about $673,000. Brand Asset Management Group Inc. purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at about $272,000. Finally, Westbourne Investments Inc. purchased a new position in shares of Circle Internet Group during the 2nd quarter valued at about $204,000.
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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