Circle Internet Group (NYSE:CRCL) Trading Down 1.4% - Should You Sell?

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) fell 1.4% on Tuesday . The company traded as low as $196.00 and last traded at $204.50. 11,971,537 shares traded hands during trading, a decline of 72% from the average session volume of 42,429,887 shares. The stock had previously closed at $207.46.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRCL. Citigroup began coverage on shares of Circle Internet Group in a research report on Monday, June 30th. They set a "buy" rating and a $243.00 price objective on the stock. Seaport Res Ptn upgraded shares of Circle Internet Group to a "strong-buy" rating in a report on Friday, June 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set a "hold" rating and a $155.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Circle Internet Group in a report on Monday, June 30th. They set a "buy" rating and a $250.00 target price on the stock. Finally, Compass Point initiated coverage on shares of Circle Internet Group in a research report on Tuesday, June 24th. They set a "neutral" rating and a $205.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $179.30.

Circle Internet Group Stock Performance

The stock has a market capitalization of $44.93 billion and a PE ratio of -15,954.64.

Insider Activity at Circle Internet Group

In other Circle Internet Group news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the firm's 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 $104,036,213.20. Following the completion of the transaction, the insider directly owned 20,120,769 shares of the company's stock, valued at approximately $589,538,531.70. This trade represents a 15.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeremy Allaire sold 1,582,160 shares of the firm's 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. Insiders sold a total of 6,682,884 shares of company stock worth $195,808,501 in the last ninety days.

Institutional Investors Weigh In On Circle Internet Group

A hedge fund recently bought a new stake in Circle Internet Group stock. Brand Asset Management Group Inc. acquired a new position in shares of Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,500 shares of the company's stock, valued at approximately $272,000.

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.