Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report)'s stock price traded down 1.6% on Wednesday . The company traded as low as $201.50 and last traded at $201.53. 9,439,728 shares changed hands during trading, a decline of 77% from the average session volume of 41,371,730 shares. The stock had previously closed at $204.81.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They set a "buy" rating and a $250.00 target price for the company. Mizuho started coverage on shares of Circle Internet Group in a research report on Tuesday. They set an "underperform" rating and a $85.00 target price for the company. Canaccord Genuity Group initiated coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They set a "buy" rating and a $247.00 price objective for the company. Wall Street Zen lowered shares of Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, Compass Point initiated coverage on shares of Circle Internet Group in a report on Tuesday, June 24th. They issued a "neutral" rating and a $205.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $179.30.
Get Our Latest Stock Report on Circle Internet Group
Circle Internet Group Trading Down 1.4%
The stock has a market cap of $44.93 billion and a P/E ratio of -15,954.64.
Insider Buying and Selling at Circle Internet Group
In related news, insider Nikhil Chandhok sold 300,000 shares of Circle Internet Group 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 sale, the insider directly owned 605,580 shares in the company, valued at $17,743,494. This trade represents a 33.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy Allaire sold 1,582,160 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 $46,357,288.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,682,884 shares of company stock worth $195,808,501.
Institutional Trading of Circle Internet Group
An institutional investor recently bought a new position in Circle Internet Group stock. Westbourne Investments Inc. acquired a new stake in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,124 shares of the company's stock, valued at approximately $204,000.
Circle Internet Group Company Profile
(
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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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