Credo Technology Group (NASDAQ:CRDO) Trading Down 5.6% After Insider Selling

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s stock price fell 5.6% on Thursday following insider selling activity. The stock traded as low as $153.25 and last traded at $158.93. 9,636,796 shares were traded during mid-day trading, an increase of 32% from the average session volume of 7,300,653 shares. The stock had previously closed at $168.35.

Specifically, CFO Daniel W. Fleming sold 7,580 shares of Credo Technology Group stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the completion of the transaction, the chief financial officer owned 433,678 shares in the company, valued at approximately $66,192,273.14. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Friday, April 10th. The shares were sold at an average price of $118.25, for a total value of $3,251,875.00. Following the transaction, the chief technology officer owned 6,134,870 shares of the company’s stock, valued at $725,448,377.50. The trade was a 0.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

CRDO has been the subject of a number of research analyst reports. Barclays reissued an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. Craig Hallum reissued a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group lifted their target price on Credo Technology Group from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Rosenblatt Securities lifted their target price on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.81.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Strategic acquisition — Credo agreed to buy DustPhotonics (reported at roughly $750M) to add silicon‑photonic PIC technology and deepen its role in AI/data‑center optical connectivity; the deal expands addressable market and was the primary catalyst for the recent rally. Credo Acquires DustPhotonics
• Positive Sentiment: Strong analyst support — Multiple firms issued bullish notes or initiated coverage (Needham reaffirmed Buy with a $220 target; Jefferies began coverage), which reinforces the growth narrative and likely drew fresh demand. Brokerage Notes
• Positive Sentiment: Heavy call‑option flow — Reports of unusually large call buying suggest speculative and hedged bullish positioning that can amplify upside momentum. Options Activity
• Neutral Sentiment: ESG disclosure — Credo released its first FY2025 GHG report, improving transparency (plans to expand to Scope 3). ESG reporting may broaden investor interest but is unlikely to move near‑term fundamentals. GHG Report
• Neutral Sentiment: Mixed analyst signals — Rosenblatt raised its price target to $175 but kept a Neutral rating; Zacks moved from strong‑buy to hold. Conflicting analyst views can increase short‑term volatility as investors parse differing valuations. Analyst Coverage Notes
• Neutral Sentiment: Management outreach — An M&A call/transcript and further integration details are expected; execution details and timing will be important for modeling the acquisition’s financial impact. M&A Call Transcript
• Negative Sentiment: Insider selling — CTO Chi Fung Cheng recently sold multiple blocks (including 27,500 shares) and CFO Daniel Fleming sold 7,580 shares under pre‑arranged 10b5‑1 plans; while disclosed as planned, these sales have been cited by traders as a reason for near‑term profit‑taking. CTO Form 4 / MarketBeat CFO Form 4
• Negative Sentiment: Short‑term profit‑taking risk — After a rapid run (one‑year returns well into triple digits), the stock is more sensitive to mixed research notes, insider sales, and general market rotation away from high‑beta, AI‑related names. Market Commentary

Credo Technology Group Price Performance

The company has a market cap of $29.31 billion, a PE ratio of 88.29 and a beta of 2.72. The business has a 50-day moving average of $115.20 and a 200 day moving average of $137.19.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Institutional Trading of Credo Technology Group

Hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group during the third quarter valued at $25,000. Crewe Advisors LLC grew its holdings in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 106 shares during the period. Reflection Asset Management bought a new stake in Credo Technology Group during the fourth quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter valued at about $25,000. Finally, First Horizon Corp bought a new stake in Credo Technology Group during the third quarter valued at about $26,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.