Credo Technology Group (NASDAQ:CRDO) Trading Down 9.2% Following Insider Selling

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) were down 9.2% during trading on Wednesday following insider selling activity. The stock traded as low as $134.15 and last traded at $139.16. Approximately 9,393,893 shares changed hands during trading, an increase of 44% from the average daily volume of 6,501,283 shares. The stock had previously closed at $153.22.

Specifically, CTO Chi Fung Cheng sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $155.47, for a total value of $4,664,100.00. Following the completion of the sale, the chief technology officer directly owned 6,357,370 shares of the company’s stock, valued at approximately $988,380,313.90. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sylvia Acevedo sold 2,200 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $159.18, for a total value of $350,196.00. Following the transaction, the director directly owned 18,545 shares in the company, valued at $2,951,993.10. This represents a 10.60% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRDO. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. began coverage on Credo Technology Group in a report on Friday, October 17th. They issued an “overweight” rating and a $165.00 price objective on the stock. Wolfe Research set a $240.00 price target on Credo Technology Group in a report on Tuesday, December 2nd. TD Cowen restated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus set a $160.00 target price on shares of Credo Technology Group in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $216.54.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Record quarter and raised guidance: Credo reported a blowout Q2 FY26 (revenue $268M, +272% YoY) and management raised next-quarter revenue guidance, which underpins the company’s rapid AI/data‑center revenue expansion. Read More.
• Positive Sentiment: Strong analyst bullishness and higher price targets: Multiple firms (Bank of America, Wolfe, Needham, others) have raised targets (consensus avg ~$220), signaling continued upside expectations based on rapid growth and AEC/AI demand. Read More.
• Positive Sentiment: Investor narratives favor long-term entry after pullback: Several retail/analyst pieces frame the recent pullback as a buying opportunity given Credo’s product roadmap (ZeroFlap, Hyperlume) and high-margin positioning in AI networking. Read More.
• Neutral Sentiment: New coverage with cautious tone: Rosenblatt initiated coverage with a “neutral” rating and $170 target (about mid‑single‑digit to low‑double upside from recent levels), which could temper immediate upside despite other bullish targets. Read More.
• Neutral Sentiment: ETF/connectivity trend discussion: Coverage highlighting Credo’s role in data‑center connectivity and Nasdaq‑100/ETF trends may support passive demand over time but is not an immediate catalyst. Read More.
• Neutral Sentiment: Heavy institutional ownership and elevated volume: ~80% institutional ownership and today’s above‑average trading volume increase volatility — can amplify moves in either direction. Read More.
• Negative Sentiment: Insider selling by CTO: Credo’s CTO, Chi Fung Cheng, has sold multiple blocks recently (most recently 30,000 shares at ~$155.47), a sequence of sales that may spook some investors despite remaining a large holder. SEC filing available. Read More.

Credo Technology Group Price Performance

The company has a fifty day simple moving average of $151.97 and a two-hundred day simple moving average of $140.23. The company has a market capitalization of $25.14 billion, a P/E ratio of 122.07 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.Credo Technology Group’s revenue for the quarter was up 272.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Institutional Trading of Credo Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CRDO. Atlantic Union Bankshares Corp acquired a new stake in Credo Technology Group during the 3rd quarter worth $25,000. Crewe Advisors LLC grew its stake in shares of Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. First Horizon Corp acquired a new stake in Credo Technology Group in the 3rd quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Credo Technology Group during the second quarter worth about $27,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Credo Technology Group in the 4th quarter valued at approximately $32,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

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.