New Buy Rating for Circle Internet Group, Inc. Class A (CRCL), the Technology Giant

Seaport Global analyst Jeff Cantwell maintained a Buy rating on Circle Internet Group, Inc. Class A today and set a price target of $280.00.

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Cantwell covers the Technology sector, focusing on stocks such as ACI Worldwide, Shift4 Payments, and Flywire. According to TipRanks, Cantwell has an average return of 10.3% and a 54.80% success rate on recommended stocks.

In addition to Seaport Global, Circle Internet Group, Inc. Class A also received a Buy from TipRanks – xAI’s xAi Financial – Capital Markets in a report issued on March 17. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Circle Internet Group, Inc. Class A (NYSE: CRCL).

Based on Circle Internet Group, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $770.23 million and a net profit of $133.42 million. In comparison, last year the company earned a revenue of $365.09 million and had a net profit of $48.64 million

Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRCL in relation to earlier this year. Earlier this month, Michele Burns, a Director at CRCL sold 80,000.00 shares for a total of $7,590,000.00.