Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) insider Nikhil Chandhok sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $127.08, for a total transaction of $6,354,000.00. Following the transaction, the insider owned 530,803 shares of the company's stock, valued at approximately $67,454,445.24. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Nikhil Chandhok also recently made the following trade(s):
- On Friday, June 6th, Nikhil Chandhok sold 300,000 shares of Circle Internet Group stock. The stock was sold at an average price of $29.30, for a total transaction of $8,790,000.00.
Circle Internet Group Price Performance
CRCL stock traded up $2.99 during trading on Friday, reaching $134.79. 13,246,597 shares of the company were exchanged, compared to its average volume of 11,938,076. The business's 50-day moving average is $183.95. The company has a market capitalization of $30.00 billion and a P/E ratio of -10,651.97. Circle Internet Group, Inc. has a twelve month low of $64.00 and a twelve month high of $298.99.
Institutional Investors Weigh In On Circle Internet Group
A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Circle Internet Group during the second quarter worth $27,000. North Star Investment Management Corp. acquired a new position in Circle Internet Group in the second quarter valued at $34,000. Hennessy Advisors Inc. bought a new stake in Circle Internet Group during the second quarter valued at $36,000. Allworth Financial LP acquired a new stake in Circle Internet Group during the 2nd quarter worth about $37,000. Finally, Chilton Capital Management LLC acquired a new stake in Circle Internet Group during the 2nd quarter worth about $40,000.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on CRCL shares. Baird R W upgraded shares of Circle Internet Group to a "hold" rating in a research report on Friday, July 11th. Needham & Company LLC reissued a "buy" rating and set a $250.00 target price on shares of Circle Internet Group in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Circle Internet Group from $80.00 to $89.00 and gave the stock an "underweight" rating in a report on Tuesday, August 19th. Wall Street Zen lowered shares of Circle Internet Group from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Finally, Oppenheimer started coverage on shares of Circle Internet Group in a report on Tuesday, August 12th. They set a "market perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Circle Internet Group presently has a consensus rating of "Hold" and a consensus price target of $170.91.
View Our Latest Stock Report on Circle Internet Group
Circle Internet Group Company Profile
(
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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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