Insider Selling: Circle Internet Group (NYSE:CRCL) Insider Sells $117,916.40 in Stock

Circle Internet Group, Inc. (NYSE:CRCL) insider Hossein Razzaghi sold 1,831 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $64.40, for a total transaction of $117,916.40. Following the sale, the insider directly owned 662,856 shares in the company, valued at $42,687,926.40. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hossein Razzaghi also recently made the following trade(s):

• On Wednesday, June 10th, Hossein Razzaghi sold 34,623 shares of Circle Internet Group stock. The shares were sold at an average price of $78.85, for a total transaction of $2,730,023.55.

Circle Internet Group Price Performance

Circle Internet Group stock opened at $64.56 on Friday. The firm has a market capitalization of $16.05 billion and a PE ratio of -20.17. The company’s 50-day moving average is $94.71 and its 200-day moving average is $89.06. Circle Internet Group, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $262.97.

Circle Internet Group (NYSE:CRCL) last issued its earnings results on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Circle Internet Group had a negative net margin of 2.76% and a positive return on equity of 2.89%. The firm had revenue of $694.13 million during the quarter. The company’s revenue was up 20.0% compared to the same quarter last year. As a group, analysts expect that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Institutional Trading of Circle Internet Group

Institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new position in shares of Circle Internet Group in the 2nd quarter valued at approximately $295,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Circle Internet Group during the 2nd quarter worth approximately $1,474,000. Invesco Ltd. bought a new position in Circle Internet Group in the second quarter valued at approximately $47,640,000. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group in the second quarter valued at approximately $27,000. Finally, Baird Financial Group Inc. acquired a new position in Circle Internet Group during the second quarter valued at approximately $2,649,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Circle Internet Group from $111.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC raised their price target on Circle Internet Group from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research raised shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Mizuho decreased their price objective on shares of Circle Internet Group from $135.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Circle Internet Group from $111.00 to $96.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Circle Internet Group has a consensus rating of “Hold” and a consensus price target of $117.38.

Circle Internet Group News Roundup

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle completed its second ARC token presale, suggesting continued progress in expanding its crypto product lineup and monetization efforts. Circle Internet Group completes second ARC token presale
• Positive Sentiment: Bernstein reportedly initiated a Buy rating, and some analysts still see upside tied to Circle’s long-term stablecoin growth story.
• Neutral Sentiment: Susquehanna upgraded CRCL to Hold, indicating the market is still balancing growth potential against valuation and competitive risks.
• Neutral Sentiment: Circle’s recent earnings showed revenue growth of 20% year over year, but EPS missed estimates, keeping investors cautious about profitability execution.
• Negative Sentiment: Director Patrick Sean Neville sold 50,000 shares under a pre-arranged trading plan, adding to concerns after multiple insider sales.
• Negative Sentiment: CAO Tamara L. Schulz and insider Hossein Razzaghi also sold shares, reinforcing worries that executives may be trimming exposure while the stock is weak.
• Negative Sentiment: Reports that Visa is pushing Open USD and that stablecoin competition is increasing are pressuring sentiment by raising questions about Circle’s long-term market share and pricing power. Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure

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.