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

Key Points

• Credo shares tumbled 7.2% to as low as $104.95 on Tuesday with volume surging to about 10.9M shares (+71% vs. average) after insiders — notably CEO William Brennan (sold 50,000 and 18,016 shares for roughly $6.38M and $2.30M) and director Pantas Sutardja (1,875 shares for ~$241K) — disclosed sales.
• Despite the sell‑off, analysts remain largely bullish: MarketBeat shows a consensus Buy rating with an average price target of $216.54, and Credo recently beat quarterly EPS estimates ($0.67 vs. $0.49) while reporting revenue up 272% year‑over‑year.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) dropped 7.2% on Tuesday following insider selling activity. The stock traded as low as $104.95 and last traded at $111.31. Approximately 10,887,324 shares traded hands during trading, an increase of 71% from the average daily 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 transaction, the director owned 5,892,034 shares of the company's stock, valued at $758,128,014.78. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction on Thursday, January 29th. The shares were 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 of the company's stock, valued at approximately $233,992,180.38. This represents a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, CEO William Joseph Brennan sold 18,016 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.69, for a total value of $2,300,463.04. Following the completion of the sale, the chief executive officer directly owned 252,625 shares in the company, valued at $32,257,686.25. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen reissued a "buy" rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. New Street Research set a $240.00 price target on Credo Technology Group in a report on Tuesday, December 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Credo Technology Group in a research note on Monday, December 29th. KGI Securities upgraded Credo Technology Group from a "hold" rating to an "outperform" rating and set a $230.00 target price for the company in a report on Tuesday, December 2nd. Finally, Susquehanna lifted their price target on Credo Technology Group from $165.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, October 22nd. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $216.54.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Product/tech beat — Credo’s Blue Heron 224G retimer (3nm) is now sampling ahead of expected Q3‑2026 production, targeting AI scale‑up networking (higher ASPs and data‑center demand). This supports a revenue/market‑share growth thesis if design wins follow. Credo Targets Scale-Up Networking Market With Blue Heron Retimer
• Positive Sentiment: Partnership/market traction — Reports say Credo deepened its AI role with Blue Heron and a 3M-related deal, signaling commercial traction in AI interconnects that could lift revenue and margins over time. Credo Technology Deepens AI Role With Blue Heron And 3M Deal
• Positive Sentiment: Analyst/firm support — Bank of America and other sell‑side notes view Credo as a long‑term beneficiary of AI/cloud connectivity; BofA’s bullish stance and elevated price targets underpin longer‑term upside expectations. BofA sees Credo as long-term beneficiary
• Neutral Sentiment: Macro/flow note — A bullish write‑up outlining a long‑term bull case is circulating but is more thematic than market‑moving in the near term. Bull Case Theory
• Neutral Sentiment: Short‑interest data appears anomalous/rounded to zero and is not likely a driver of today’s move (no evidence short covering or re‑shorting explains the volume).
• Negative Sentiment: Insider selling — Multiple insiders sold sizable blocks in late January (CEO, CTO and a director). Large insider sales in a richly valued stock can trigger sentiment shifts and near‑term selling pressure even if motivated by diversification or tax planning. SEC filings: CEO/CTO/Director forms linked here. CEO Form 4 CTO Form 4 Director Form 4

Credo Technology Group Trading Down 7.2%

The firm's fifty day moving average is $149.88 and its 200-day moving average is $142.27. The stock has a market capitalization of $20.11 billion, a PE ratio of 97.64 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business had revenue of $268.03 million during the quarter, compared to analysts' expectations of $234.99 million. During the same period last year, the business earned $0.07 earnings per share. The business's revenue for the quarter was up 272.1% on a year-over-year basis. As a group, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently modified their holdings of CRDO. Crewe Advisors LLC grew its position in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company's stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Credo Technology Group in the third quarter valued at approximately $25,000. First Horizon Corp purchased a new position in shares of Credo Technology Group in the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in Credo Technology Group during the 4th quarter worth approximately $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Credo Technology Group during the 4th quarter worth approximately $36,000. 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.

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