Daniel Fleming Sells 3,902 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CFO Daniel Fleming sold 3,902 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $140.15, for a total transaction of $546,865.30. Following the sale, the chief financial officer owned 446,178 shares of the company’s stock, valued at $62,531,846.70. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Credo Technology Group Stock Up 6.2%

CRDO opened at $150.42 on Friday. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80. The company’s 50-day moving average price is $154.28 and its two-hundred day moving average price is $136.86. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 131.95 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The company had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. During the same quarter last year, the business posted $0.07 EPS. Credo Technology Group’s quarterly revenue was up 272.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRDO shares. Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. William Blair assumed coverage on shares of Credo Technology Group in a research note on Thursday, September 18th. They issued an “outperform” rating for the company. Cowen restated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. New Street Research set a $240.00 price objective on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Finally, TD Cowen boosted their target price on shares of Credo Technology Group from $190.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Credo Technology Group currently has a consensus rating of “Buy” and a consensus price target of $217.08.

Key Headlines Impacting Credo Technology Group

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Needham named Credo a 2026 “top pick,” calling it an attractive way to play the AI/data‑center connectivity ramp — a high‑profile analyst endorsement likely lifted investor sentiment and buying. Credo Stock Jumps After Analyst Makes the AI Play a ‘Top Pick’ for 2026
• Positive Sentiment: Unusually large volume in call options indicates bullish speculative positioning and demand for upside exposure, supporting near‑term price strength. Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)
• Positive Sentiment: Coverage pieces highlighting Credo as a “must‑buy” AI/semiconductor name and stories explaining the 7.3% move draw attention to the company’s strong AEC (Active Electrical Cable) adoption and AI tailwinds. Those narratives are attracting momentum traders. Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Up 7.30%
• Positive Sentiment: Analyst/sector pieces that group Credo with other top-ranked semiconductor/AI beneficiaries (NVDA, MU) reinforce the view that rising semiconductor and data‑center spend should sustain revenue momentum. 4 Top‑Ranked Tech Stocks to Buy as Semiconductor Rally Continues
• Neutral Sentiment: Wall‑Street commentary continues to treat Credo as an up‑and‑coming name; Bank of America lowered its price target from $240 to $200 but kept a Buy — mixed signal (lower target but maintained conviction). Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?
• Negative Sentiment: Material insider selling from top executives: CEO William Brennan and CFO Daniel Fleming sold multiple blocks of shares (early Jan filings), reducing their holdings by several percent — a development that can weigh on sentiment despite company fundamentals. SEC filings available. CEO Form 4 CFO Form 4
• Negative Sentiment: Additional reported insider selling (CTO) and media notes that the stock briefly traded down after insider sales highlight that insiders are taking chips off the table, which could cap gains if selling continues. Insider Selling: CTO Sells $4.3M in Stock Trading Down After Insider Selling

Institutional Trading of Credo Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Credo Technology Group during the 3rd quarter valued at $25,000. First Horizon Corp purchased a new stake in shares of Credo Technology Group in the third quarter worth $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Credo Technology Group during the second quarter valued at $27,000. Smartleaf Asset Management LLC grew its position in Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after buying an additional 147 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in Credo Technology Group during the third quarter worth about $41,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

About Credo Technology Group

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.