Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $6,090,700.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Cheng sold 27,500 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $221.48, for a total value of $6,090,700.00. Following the completion of the transaction, the chief technology officer owned 5,634,897 shares in the company, valued at $1,248,016,987.56. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chi Fung Cheng also recently made the following trade(s):

• On Tuesday, September 29th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $193.93, for a total transaction of $5,333,075.00.
• On Wednesday, September 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $193.12, for a total value of $5,310,800.00.
• On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $166.38, for a total transaction of $4,575,450.00.
• On Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The shares were sold at an average price of $170.00, for a total value of $644,300.00.
• On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69.
• On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $205.54, for a total transaction of $5,652,350.00.
• On Tuesday, July 21st, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $222.34, for a total value of $6,114,350.00.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $216.55 on Friday. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 77.06, a P/E/G ratio of 0.84 and a beta of 3.25. The stock’s fifty day moving average price is $209.13 and its two-hundred day moving average price is $201.85.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. Credo Technology Group’s revenue for the quarter was up 114.7% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, equities analysts predict that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: AI connectivity demand remains the central growth catalyst. A recent investment outlook argues that Credo’s connectivity solutions are benefiting from rapid AI infrastructure spending and could support substantial revenue and earnings growth through 2029. Prediction: $5,000 Invested in Credo Technology Could Be Worth This Much by 2029
• Positive Sentiment: Credo is showcasing a broad AI networking portfolio at the 2026 OCP Global Summit. The company plans to highlight connectivity products for both scale-out and scale-up AI fabrics, reinforcing its positioning as a supplier to data-center and accelerator networks. Credo to Showcase Broad Portfolio of Connectivity Solutions for AI Scale-Out and Scale-Up Fabrics at 2026 OCP Global Summit
• Positive Sentiment: Retimers and optical connectivity are emerging as additional growth opportunities. Recent coverage says Credo’s retimer business is gaining momentum as AI data-center deployments expand. Its participation in the Open CPX MSA could also help it collaborate on interoperable near-package and co-packaged optical technologies. CRDO’s Retimer Business Gains Steam: Can the Momentum Continue?
• Neutral Sentiment: Recent operating results provide support, but expectations are elevated. Credo’s latest reported revenue increased 114.7% year over year to $479 million, exceeding estimates, while EPS also topped expectations. Analysts maintain a Moderate Buy consensus with an average price target of $262.67, but the high valuation and elevated beta leave the stock sensitive to any slowdown in AI spending or execution.
• Negative Sentiment: Insider selling is a modest sentiment headwind. CTO Chi Cheng sold $6.1 million of CRDO stock, following several earlier sales. However, the transaction was conducted under a pre-arranged Rule 10b5-1 plan and was intended to cover tax withholding on vested equity awards, reducing its significance as a bearish signal. Credo Technology Group CTO Sells $6,090,700.00 in Stock

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dupree Financial Group LLC purchased a new position in Credo Technology Group during the third quarter valued at $4,627,000. Castle Rock Wealth Management LLC grew its position in shares of Credo Technology Group by 31.8% during the third quarter. Castle Rock Wealth Management LLC now owns 9,785 shares of the company’s stock worth $1,906,000 after purchasing an additional 2,361 shares in the last quarter. Wedmont Private Capital bought a new position in Credo Technology Group in the 3rd quarter worth approximately $848,000. GAMMA Investing LLC lifted its stake in Credo Technology Group by 2.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,986 shares of the company’s stock worth $387,000 after purchasing an additional 51 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Credo Technology Group by 52.6% in the third quarter. Farther Finance Advisors LLC now owns 14,012 shares of the company’s stock worth $2,729,000 after purchasing an additional 4,827 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRDO shares. JPMorgan Chase & Co. cut their price target on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Mizuho reduced their price target on Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a research report on Monday, September 21st. Rosenblatt Securities lifted their target price on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 2nd. Finally, Susquehanna lifted their price objective on shares of Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Moderate Buy” and an average target price of $262.67.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.