Credo Technology Group Holding Ltd (NASDAQ:CRDO) CFO Daniel W. Fleming Sells 20,000 Shares

Credo Technology Group Holding Ltd (NASDAQ:CRDOGet Free Report) CFO Daniel W. Fleming sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $25.15, for a total value of $503,000.00. Following the completion of the transaction, the chief financial officer now owns 704,174 shares in the company, valued at $17,709,976.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Credo Technology Group Price Performance

NASDAQ CRDO opened at $25.19 on Tuesday. Credo Technology Group Holding Ltd has a 1 year low of $13.38 and a 1 year high of $26.30. The company has a market capitalization of $4.11 billion, a PE ratio of -139.94 and a beta of 2.20. The company has a fifty day moving average of $19.73 and a two-hundred day moving average of $20.04.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Credo Technology Group from $20.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Barclays upped their price objective on Credo Technology Group from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Needham & Company LLC upped their price objective on Credo Technology Group from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Bank of America restated an “underperform” rating and set a $22.00 price target (up from $21.00) on shares of Credo Technology Group in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group upped their price target on Credo Technology Group from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Credo Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of $26.88.

Check Out Our Latest Analysis on Credo Technology Group

Hedge Funds Weigh In On Credo Technology Group

Several large investors have recently bought and sold shares of CRDO. Vanguard Group Inc. boosted its stake in shares of Credo Technology Group by 7.7% during the first quarter. Vanguard Group Inc. now owns 15,063,781 shares of the company’s stock worth $319,202,000 after buying an additional 1,072,301 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Credo Technology Group by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 8,651,186 shares of the company’s stock worth $131,931,000 after buying an additional 1,299,600 shares during the period. Jennison Associates LLC boosted its stake in shares of Credo Technology Group by 1.9% during the first quarter. Jennison Associates LLC now owns 2,375,255 shares of the company’s stock worth $50,332,000 after buying an additional 45,396 shares during the period. Wellington Management Group LLP acquired a new stake in Credo Technology Group in the fourth quarter valued at about $35,224,000. Finally, AMF Tjanstepension AB lifted its position in Credo Technology Group by 31.8% in the first quarter. AMF Tjanstepension AB now owns 1,713,149 shares of the company’s stock valued at $36,302,000 after purchasing an additional 413,149 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP.

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Insider Buying and Selling by Quarter for Credo Technology Group (NASDAQ:CRDO)

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