Circle Internet Group (NYSE:CRCL) President Heath Tarbert Sells 31,925 Shares

Key Points

• Heath Tarbert, President of Circle Internet Group, sold 31,925 shares of stock for a total of $4,057,029, decreasing his ownership by 5.01% to 605,870 shares.
• Circle Internet Group's stock price recently reached $137.25, reflecting significant trading activity with 9,902,441 shares exchanged compared to an average volume of 26,684,752.
• Analysts are optimistic about the stock, with a consensus rating of "Hold" and a target price of $170.91, following several recent upgrades and coverage initiations.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) President Heath Tarbert sold 31,925 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $127.08, for a total value of $4,057,029.00. Following the completion of the transaction, the president owned 605,870 shares of the company's stock, valued at $76,993,959.60. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Circle Internet Group Stock Performance

Shares of CRCL stock traded up $2.99 during mid-day trading on Friday, reaching $134.79. The stock had a trading volume of 13,246,597 shares, compared to its average volume of 11,938,076. Circle Internet Group, Inc. has a 12-month low of $64.00 and a 12-month high of $298.99. The firm has a market capitalization of $30.00 billion and a P/E ratio of -10,651.97. The firm's 50-day moving average is $183.95.

Institutional Trading of Circle Internet Group

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Circle Internet Group in the second quarter valued at $673,000. PFG Investments LLC acquired a new position in Circle Internet Group during the second quarter valued at $579,000. EWA LLC acquired a new position in Circle Internet Group in the 2nd quarter worth about $279,000. Covenant Asset Management LLC acquired a new position in Circle Internet Group in the 2nd quarter worth about $363,000. Finally, KG&L Capital Management LLC acquired a new position in Circle Internet Group in the 2nd quarter worth about $528,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRCL. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a research note on Friday, June 20th. Compass Point lowered Circle Internet Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $205.00 to $130.00 in a research note on Monday, July 21st. Baird R W upgraded Circle Internet Group to a "hold" rating in a report on Friday, July 11th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $247.00 target price on shares of Circle Internet Group in a research report on Monday, August 18th. Finally, The Goldman Sachs Group assumed coverage on Circle Internet Group in a research report on Tuesday, August 12th. They issued a "neutral" rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $170.91.

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.