Credo Technology Group (NASDAQ:CRDO) Shares Down 7.2% Following Insider Selling

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares traded down 7.2% during trading on Tuesday following insider selling activity. The stock traded as low as $104.95 and last traded at $111.31. 10,887,324 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 6,359,590 shares. The stock had previously closed at $119.96.

Specifically, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the completion of the sale, the director directly owned 5,892,034 shares of the company’s stock, valued at approximately $758,128,014.78. This represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $6,384,500.00. Following the completion of the transaction, the chief executive officer owned 1,832,502 shares of the company’s stock, valued at $233,992,180.38. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. In related news, CEO William Joseph Brennan sold 18,016 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $2,300,463.04. Following the sale, the chief executive officer directly owned 252,625 shares in the company, valued at $32,257,686.25. This trade represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRDO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Roth Mkm increased their price objective on Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Needham & Company LLC lifted their target price on Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. initiated coverage on Credo Technology Group in a research report on Friday, October 17th. They set an “overweight” rating and a $165.00 price target for the company. Finally, Susquehanna lifted their price objective on shares of Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group has an average rating of “Buy” and an average price target of $216.54.

Credo Technology Group News Summary

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

• Positive Sentiment: Product/market catalyst — Credo is sampling its Blue Heron 224G retimer (3nm) ahead of expected Q3 2026 production, positioning it for the AI scale‑up networking market where demand and ASPs could be higher. Credo Targets Scale-Up Networking Market With Blue Heron Retimer
• Positive Sentiment: Commercial traction/partnerships — Reports highlight deals and partnerships (including mentions of 3M/Blue Heron) that deepen Credo’s role in AI data‑center interconnects and could support future revenue growth. Credo Technology Deepens AI Role With Blue Heron And 3M Deal
• Positive Sentiment: Analyst bullishness — Bank of America and other firms have flagged Credo as a long‑term beneficiary of AI‑driven cloud connectivity and raised price targets (BofA moved its target significantly higher), supporting upside expectations. BofA sees Credo as long-term beneficiary
• Neutral Sentiment: Short‑interest data appears anomalous/rounded to zero in filings (no meaningful short covering/re‑shorting signal), so shorts are unlikely to explain the intraday move.
• Neutral Sentiment: Longer‑term bull case pieces reiterate growth drivers (AI interconnect TAM, product roadmap) but are not immediate catalysts. Bull Case Theory
• Negative Sentiment: Insider selling — Several executives disclosed sales in late January (CEO sales totaling multiple blocks including 50,000 and 18,016 shares, CTO ~27,500 shares, and a director 1,875 shares). Large insider sales in a high‑multiple stock can trigger short‑term selling/negative sentiment. SEC filings: CEO Form 4 CEO Form 4, CTO Form 4 CTO Form 4, Director sale Director sale disclosure

Credo Technology Group Stock Performance

The firm has a fifty day moving average price of $149.03 and a 200 day moving average price of $142.40. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 97.64 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $268.03 million for the quarter, compared to the consensus estimate of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm’s revenue for the quarter was up 272.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. On average, analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC increased its position in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after buying an additional 106 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $25,000. First Horizon Corp acquired a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in Credo Technology Group in the 4th quarter valued at $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Credo Technology Group during the 4th quarter valued at $36,000. 80.46% of the stock is owned by institutional investors.

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.