Circle Internet Group chairman and CEO Allaire sells $207,627 in shares

Jeremy Allaire, CEO of Circle Internet Group, sold 3,032 shares of Class A Common Stock on November 5, 2026, amounting to $207,627. The shares were traded within the range of $65.50 to $74.07 per share, as part of a pre-established 10b5-1 trading plan. The company's stock now trades at $67.56, down 40% over the past six months. InvestingPro analysis indicates CRCL is undervalued, with a Fair Value of $78.32.

The shares sold were held through two trusts, the Beech Trust and Spruce Trust, where Mr. Allaire's legal counsel is the sole trustee and his child is the beneficiary. Mr. Allaire disclaims beneficial ownership of these shares. After the sale, the trusts held 57,282 shares each, while Mr. Allaire directly owns 15,672,679 shares of Class B Common Stock, which can be converted to Class A shares at a one-for-one ratio.

Additionally, 296,296 shares of Class B are held indirectly through the Allaire 2025 Qualified Annuity Trust, with Mr. Allaire as the sole trustee and beneficiary. Circle Internet Group recently reported strong Q3 2026 earnings, with adjusted earnings per share of $0.84, surpassing expectations and driven by a $182 million gain from the ARC token presale.

Analysts Compass Point upgraded the stock to a Buy rating, while H.C. Wainwright maintained a Buy rating but lowered the price target from $104 to $100, considering the company's solid performance. Mizuho raised its price target to $46 from $43 but kept an Underperform rating due to token sales boosting earnings, not core business improvements.

Circle’s CPN annualized payment volumes hit $58 billion, compared to $23 billion in July, showcasing the company's robust financial position.