Jeremy Fox-Geen Sells 8,476 Shares of Circle Internet Group (NYSE:CRCL) Stock

Key Points

• CFO Jeremy Fox-Geen sold 8,476 Circle shares at an average price of $75, generating $635,700. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 2.55% to 323,837 shares.
• Circle shares fell to $71.79, while the company reported quarterly EPS of $0.18—below the $0.26 analyst consensus—on revenue of $701.32 million, up 6.6% year over year.
• Analysts collectively rate CRCL a “Hold”, with a consensus price target of $97.12; ratings include 10 Buys, 13 Holds, 3 Sells and 1 Strong Buy.

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) CFO Jeremy Fox-Geen sold 8,476 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $75.00, for a total transaction of $635,700.00. Following the completion of the sale, the chief financial officer owned 323,837 shares in the company, valued at approximately $24,287,775. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Fox-Geen also recently made the following trade(s):

• On Friday, June 5th, Jeremy Fox-Geen sold 8,120 shares of Circle Internet Group stock. The shares were sold at an average price of $88.00, for a total transaction of $714,560.00.

Circle Internet Group Price Performance

Shares of Circle Internet Group stock traded down $3.59 during trading on Friday, reaching $71.79. 8,507,492 shares of the stock traded hands, compared to its average volume of 14,710,550. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $159.47. The business has a fifty day simple moving average of $69.51 and a two-hundred day simple moving average of $86.02. The company has a market capitalization of $17.84 billion, a price-to-earnings ratio of 49.17 and a beta of 0.23.

Circle Internet Group (NYSE:CRCL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08). The firm had revenue of $701.32 million for the quarter. Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The company's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.48) earnings per share. On average, research analysts predict that Circle Internet Group, Inc. will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CRCL. Raymond James Financial assumed coverage on shares of Circle Internet Group in a research report on Tuesday, July 21st. They set a "market perform" rating for the company. Canaccord Genuity Group decreased their target price on shares of Circle Internet Group from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Freedom Capital upgraded Circle Internet Group to a "hold" rating in a research report on Tuesday, April 21st. Mizuho set a $45.00 price objective on Circle Internet Group and gave the company a "neutral" rating in a research report on Friday, July 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Circle Internet Group in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $97.12.

Institutional Investors Weigh In On Circle Internet Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new position in Circle Internet Group during the 2nd quarter valued at $27,000. Larson Financial Group LLC boosted its stake in shares of Circle Internet Group by 3,800.0% during the third quarter. Larson Financial Group LLC now owns 195 shares of the company's stock valued at $26,000 after purchasing an additional 190 shares during the period. National Bank of Canada FI purchased a new stake in shares of Circle Internet Group during the third quarter valued at $37,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Circle Internet Group in the third quarter worth about $39,000. Finally, WPG Advisers LLC bought a new position in shares of Circle Internet Group in the first quarter worth about $31,000.

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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