Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) shares traded up 8.8% on Friday . The company traded as high as $143.37 and last traded at $143.36. 5,442,507 shares changed hands during trading, a decline of 79% from the average session volume of 25,879,365 shares. The stock had previously closed at $131.80.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Mizuho set a $85.00 price target on shares of Circle Internet Group in a research note on Tuesday, August 12th. Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Oppenheimer started coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They issued a "market perform" rating on the stock. The Goldman Sachs Group started coverage on shares of Circle Internet Group in a research note on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 target price on the stock. Finally, Compass Point downgraded shares of Circle Internet Group from a "neutral" rating to a "sell" rating and reduced their target price for the company from $205.00 to $130.00 in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $170.91.
Get Our Latest Report on Circle Internet Group
Circle Internet Group Stock Performance
The business has a 50-day moving average price of $183.93. The company has a market cap of $30.00 billion and a price-to-earnings ratio of -10,651.97.
Insider Buying and Selling at Circle Internet Group
In related news, Director Patrick Sean Neville sold 1,000,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $29,300,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nikhil Chandhok sold 300,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $8,790,000.00. Following the transaction, the insider owned 605,580 shares in the company, valued at approximately $17,743,494. This trade represents a 33.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,480,290 shares of company stock worth $297,142,856 over the last quarter.
Institutional Trading of Circle Internet Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in Circle Internet Group during the 2nd quarter worth about $27,000. North Star Investment Management Corp. bought a new stake in Circle Internet Group during the 2nd quarter worth about $34,000. Hennessy Advisors Inc. bought a new stake in Circle Internet Group during the 2nd quarter worth about $36,000. Allworth Financial LP bought a new stake in Circle Internet Group during the 2nd quarter worth about $37,000. Finally, Chilton Capital Management LLC bought a new stake in Circle Internet Group during the 2nd quarter worth about $40,000.
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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