Insider Selling: Circle Internet Group (NYSE:CRCL) Director Sells 11,670 Shares of Stock

Key Points

• M. Michele Burns sold 11,670 CRCL shares on March 12 at an average of $112.71 (≈$1.315M) and has recently sold additional blocks (Mar 4: 25,000; Mar 2: 80,000; Feb 26: 10,000), totaling 126,670 shares.
• Following the March 12 transaction Burns still owns 343,538 shares, valued at about $38.72M, representing a 3.29% decrease in her position.
• CRCL stock jumped 9.2% to $125.97 on heavy volume after the company beat quarterly estimates (EPS $0.43 vs. $0.25) and reported revenue up 76.9% year‑over‑year; analysts' consensus rating is "Hold" with an average price target of $124.65.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director M Michele Burns sold 11,670 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $112.71, for a total value of $1,315,325.70. Following the transaction, the director owned 343,538 shares in the company, valued at approximately $38,720,167.98. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

M Michele Burns also recently made the following trade(s):

• On Wednesday, March 4th, M Michele Burns sold 25,000 shares of Circle Internet Group stock. The stock was sold at an average price of $105.00, for a total transaction of $2,625,000.00.
• On Monday, March 2nd, M Michele Burns sold 80,000 shares of Circle Internet Group stock. The shares were sold at an average price of $94.88, for a total transaction of $7,590,400.00.
• On Thursday, February 26th, M Michele Burns sold 10,000 shares of Circle Internet Group stock. The shares were sold at an average price of $82.00, for a total transaction of $820,000.00.

Circle Internet Group Stock Up 9.2%

CRCL stock traded up $10.59 during trading on Monday, hitting $125.97. 18,496,315 shares of the company's stock traded hands, compared to its average volume of 14,858,777. The firm has a market capitalization of $29.66 billion and a P/E ratio of -67.73. Circle Internet Group, Inc. has a 1 year low of $49.90 and a 1 year high of $298.99. The business has a fifty day simple moving average of $77.42 and a two-hundred day simple moving average of $97.71.

Circle Internet Group (NYSE:CRCL - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.18. The company had revenue of $770.23 million for the quarter. The firm's revenue for the quarter was up 76.9% on a year-over-year basis.

Analyst Ratings Changes

A number of brokerages have commented on CRCL. Compass Point upgraded shares of Circle Internet Group from a "sell" rating to a "neutral" rating and set a $75.00 target price for the company in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Circle Internet Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Morgan Stanley assumed coverage on shares of Circle Internet Group in a research note on Monday, February 2nd. They issued an "equal weight" rating and a $66.00 target price for the company. Needham & Company LLC cut their price target on shares of Circle Internet Group from $190.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Finally, Zacks Research downgraded Circle Internet Group from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Circle Internet Group has an average rating of "Hold" and an average price target of $124.65.

Institutional Trading of Circle Internet Group

Institutional investors have recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in Circle Internet Group during the 4th quarter worth approximately $25,000. Larson Financial Group LLC raised its holdings in shares of Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock worth $26,000 after buying an additional 190 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Circle Internet Group in the third quarter worth $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group during the second quarter worth $27,000. Finally, Bellevue Asset Management LLC acquired a new stake in shares of Circle Internet Group during the fourth quarter worth $29,000.

Circle Internet Group Company Profile

Circle Internet Group NYSE: CRCL is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

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