Insider Selling: Circle Internet Group (NYSE:CRCL) Director Sells 33,569 Shares of Stock

Key Points

• Director Patrick Sean Neville sold 33,569 shares of CRCL at an average price of $85.05 for about $2.855 million, cutting his ownership by 50% to 33,568 shares.
• Shares fell to $76.55 on heavy volume, and Circle reported a quarterly EPS of $0.64 (vs. $0.20 expected) with revenue up 65.9% year‑over‑year to $739.8 million.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) Director Patrick Sean Neville sold 33,569 shares of Circle Internet Group stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $85.05, for a total transaction of $2,855,043.45. Following the sale, the director owned 33,568 shares of the company's stock, valued at approximately $2,854,958.40. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Circle Internet Group Stock Performance

Shares of CRCL traded down $5.34 on Monday, hitting $76.55. 23,662,289 shares of the stock traded hands, compared to its average volume of 18,844,678. Circle Internet Group, Inc. has a 1 year low of $64.00 and a 1 year high of $298.99. The firm has a 50 day moving average price of $126.80.

Circle Internet Group (NYSE:CRCL - Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.20 by $0.44. The firm had revenue of $739.76 million during the quarter. Circle Internet Group's revenue was up 65.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CRCL shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $247.00 target price on shares of Circle Internet Group in a research note on Thursday, September 11th. Wall Street Zen raised shares of Circle Internet Group from a "sell" rating to a "hold" rating in a research note on Saturday. Citigroup initiated coverage on shares of Circle Internet Group in a report on Tuesday, September 30th. They set a "market perform" rating on the stock. Wells Fargo & Company lowered their target price on shares of Circle Internet Group from $160.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Circle Internet Group from an "underweight" rating to an "overweight" rating and upped their price target for the stock from $94.00 to $100.00 in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Circle Internet Group has an average rating of "Hold" and an average target price of $150.53.

Institutional Trading of Circle Internet Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in Circle Internet Group by 3,800.0% in the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock valued at $26,000 after buying an additional 190 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake 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 in the second quarter worth $27,000. Highline Wealth Partners LLC purchased a new position in shares of Circle Internet Group in the 3rd quarter valued at $32,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Circle Internet Group during the 3rd quarter valued at $33,000.

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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