Seaport Res Ptn Upgrades Circle Internet Group (NYSE:CRCL) to Strong-Buy

Circle Internet Group (NYSE:CRCL - Get Free Report) was upgraded by equities research analysts at Seaport Res Ptn to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Separately, Wall Street Zen raised shares of Circle Internet Group to a "hold" rating in a research report on Saturday, June 14th.

Circle Internet Group Price Performance

CRCL opened at $241.97 on Friday. Circle Internet Group has a twelve month low of $64.00 and a twelve month high of $248.88. The stock has a market cap of $53.85 billion and a P/E ratio of -19,122.02.

Insider Buying and Selling

In other Circle Internet Group news, CEO Jeremy Allaire sold 1,582,160 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $46,357,288.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $104,036,213.20. Following the transaction, the insider now directly owns 20,120,769 shares of the company's stock, valued at approximately $589,538,531.70. The trade was a 15.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,682,884 shares of company stock valued at $195,808,501 over the last quarter.

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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