Circle Internet Group (NYSE:CRCL) Stock Price Down 4.8% - Time to Sell?

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) shares traded down 4.8% during mid-day trading on Thursday . The stock traded as low as $192.35 and last traded at $192.72. 3,891,623 shares changed hands during trading, a decline of 89% from the average session volume of 34,790,520 shares. The stock had previously closed at $202.41.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Robert W. Baird assumed coverage on shares of Circle Internet Group in a research note on Friday, July 11th. They set a "neutral" rating and a $210.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set an "underweight" rating and a $80.00 target price on the stock. Oppenheimer assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They set a "market perform" rating on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Circle Internet Group in a research note on Monday, June 30th. They issued a "neutral" rating and a $83.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $175.27.

Circle Internet Group Trading Up 0.3%

The firm has a market cap of $43.10 billion and a PE ratio of -15,305.04.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 200,000 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 $5,860,000.00. Following the completion of the sale, the chief financial officer directly owned 320,371 shares of the company's stock, valued at $9,386,870.30. This trade represents a 38.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick Sean Neville sold 1,000,000 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 $29,300,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,682,884 shares of company stock worth $195,808,501.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRCL. North Star Investment Management Corp. purchased a new position in shares of Circle Internet Group in the second quarter valued at $34,000. Hennessy Advisors Inc. purchased a new position in shares of Circle Internet Group in the second quarter valued at $36,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Circle Internet Group in the second quarter valued at $79,000. Westbourne Investments Inc. purchased a new position in shares of Circle Internet Group in the second quarter valued at $204,000. Finally, Truist Financial Corp purchased a new position in shares of Circle Internet Group in the second quarter valued at $218,000.

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.