Circle Internet Group (NYSE:CRCL) Shares Gap Up - Time to Buy?

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $199.59, but opened at $231.50. Circle Internet Group shares last traded at $228.30, with a volume of 31,164,755 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Circle Internet Group to a "hold" rating in a report on Saturday, June 14th.

Circle Internet Group Stock Up 12.7%

The stock has a market cap of $50.06 billion and a PE ratio of -17,776.99.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, insider Nikhil Chandhok sold 300,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 605,580 shares in the company, valued at approximately $17,743,494. This trade represents a 33.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rajeev V. Date sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 238,513 shares in the company, valued at $6,988,430.90. This trade represents a 17.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,682,884 shares of company stock valued at $195,808,501 over the last ninety days.

About Circle Internet Group

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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