Equities researchers at Compass Point started coverage on shares of Circle Internet Group (NYSE:CRCL – Get Free Report) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $205.00 price target on the stock. Compass Point’s target price indicates a potential upside of 3.13% from the stock’s current price.
Several other research firms also recently weighed in on CRCL. Seaport Res Ptn raised shares of Circle Internet Group to a “strong-buy” rating in a report on Friday, June 20th. Wall Street Zen upgraded shares of Circle Internet Group to a “hold” rating in a research report on Saturday, June 14th.
Check Out Our Latest Stock Analysis on CRCL
Circle Internet Group Stock Performance
Insider Transactions at Circle Internet Group
In related news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $104,036,213.20. Following the sale, the insider now directly owns 20,120,769 shares in the company, valued at $589,538,531.70. The trade was a 15.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeremy Fox-Geen sold 200,000 shares of Circle Internet Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $5,860,000.00. Following the completion of the transaction, the chief financial officer now owns 320,371 shares in the company, valued at approximately $9,386,870.30. This trade represents a 38.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,682,884 shares of company stock valued at $195,808,501.
About Circle Internet Group
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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