Compass Point Begins Coverage on Circle Internet Group (NYSE:CRCL)

Stock analysts at Compass Point assumed coverage on shares of Circle Internet Group (NYSE:CRCL - Get Free Report) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set a "neutral" rating and a $205.00 price target on the stock. Compass Point's target price would suggest a potential downside of 21.98% from the stock's previous close.

CRCL has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Circle Internet Group to a "hold" rating in a research report on Saturday, June 14th. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a report on Friday.

Circle Internet Group Stock Up 9.4%

NYSE CRCL opened at $262.76 on Tuesday. The stock has a market cap of $58.47 billion and a price-to-earnings ratio of -20,764.98. Circle Internet Group has a fifty-two week low of $64.00 and a fifty-two week high of $298.99.

Insider Activity

In other Circle Internet Group news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $104,036,213.20. Following the transaction, the insider now owns 20,120,769 shares of the company's stock, valued at approximately $589,538,531.70. The trade was a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Fox-Geen sold 200,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $5,860,000.00. Following the completion of the sale, the chief financial officer now directly owns 320,371 shares of the company's stock, valued at $9,386,870.30. This trade represents a 38.43% 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 worth $195,808,501 over the last three months.

Circle Internet Group Company Profile

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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