Credo Technology Group (NASDAQ:CRDO) Stock Price Down 4.2% on Insider Selling

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) were down 4.2% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $118.53 and last traded at $119.96. Approximately 5,440,582 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 6,087,099 shares. The stock had previously closed at $125.28.

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

Wall Street Analyst Weigh In

CRDO has been the topic of several research reports. Roth Mkm boosted their price target on Credo Technology Group from $170.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. New Street Research set a $240.00 price objective on Credo Technology Group in a research report on Tuesday, December 2nd. Susquehanna upped their target price on Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Needham & Company LLC raised their target price on Credo Technology Group from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $216.54.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo announced deals that deepen its AI networking role with partners Blue Heron and 3M, signaling expanding traction in data‑center/AI interconnects and potential revenue growth from higher‑margin, AI-focused products. Credo Technology Deepens AI Role With Blue Heron And 3M Deal
• Neutral Sentiment: An independent bullish thesis outlines upside drivers and why some investors view CRDO as a growth story, useful as a longer‑term thesis but not immediate market-moving news. Credo Technology Group Holding Ltd (CRDO): A Bull Case Theory
• Neutral Sentiment: Reported short‑interest data is effectively zero/rounded (no meaningful change), so short covering or re‑shorting is unlikely to be driving today’s move. (Data appears anomalous.)
• Negative Sentiment: Several insiders sold shares in late Jan — including the CEO (multiple blocks totaling 68,016 and related filings), the CTO (27,500 shares) and a director (1,875 shares). Large insider sales can pressure sentiment, especially in a richly valued name. SEC filings: CEO/related Form 4 CEO Form 4, CTO Form 4 CTO Form 4, Director Form 4 Director Form 4

Credo Technology Group Stock Down 4.2%

The business has a 50-day simple moving average of $149.88 and a two-hundred day simple moving average of $142.27. The stock has a market capitalization of $21.67 billion, a P/E ratio of 105.23 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 EPS for the quarter, beating the consensus estimate of $0.49 by $0.18. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. On average, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Institutional Trading of Credo Technology Group

Large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC boosted its holdings in shares of Credo Technology Group by 163.1% in 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. Atlantic Union Bankshares Corp bought a new position in Credo Technology Group in the 3rd quarter valued at $25,000. First Horizon Corp bought a new position in Credo Technology Group in the 3rd quarter valued at $26,000. Flagship Harbor Advisors LLC acquired a new position in Credo Technology Group in the fourth quarter worth $32,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Credo Technology Group during the fourth quarter worth $36,000. 80.46% of the stock is owned by 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.