Circle Internet Group (NYSE:CRCL) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Circle Internet Group (NYSE:CRCL) in a research note released on Monday morning, MarketBeat reports. The brokerage issued an underweight rating and a $80.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Compass Point assumed coverage on shares of Circle Internet Group in a report on Tuesday, June 24th. They issued a “neutral” rating and a $205.00 price objective on the stock. Wall Street Zen lowered Circle Internet Group from a “hold” rating to a “sell” rating in a research report on Friday. Needham & Company LLC started coverage on shares of Circle Internet Group in a report on Monday. They set a “buy” rating and a $250.00 target price for the company. Canaccord Genuity Group started coverage on shares of Circle Internet Group in a research note on Monday. They issued a “buy” rating and a $247.00 target price for the company. Finally, Seaport Res Ptn upgraded shares of Circle Internet Group to a “strong-buy” rating in a research report on Friday, June 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $189.78.

Circle Internet Group Stock Down 0.6%

Shares of CRCL stock opened at $179.26 on Monday. Circle Internet Group has a 1 year low of $64.00 and a 1 year high of $298.99.

Insider Activity

In other Circle Internet Group news, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $104,036,213.20. Following the transaction, the insider directly owned 20,120,769 shares of the company’s stock, valued at $589,538,531.70. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeremy Fox-Geen sold 200,000 shares of Circle Internet Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.30, for a total transaction of $5,860,000.00. Following the completion of the sale, the chief financial officer owned 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. Over the last ninety days, insiders have sold 6,682,884 shares of company stock worth $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.