Credo Technology Group (NASDAQ:CRDO) Stock: Insider James Laufman Sells 5,000 Shares

Key Points

• Insider sale: James Laufman sold 5,000 Credo shares at an average price of $205, generating $1.025 million. He retained 164,223 shares worth approximately $33.7 million, following a similar 5,000-share sale in September.
• Strong operating performance: Credo’s latest quarterly revenue rose 114.7% year over year to $479 million, while EPS of $1.20 exceeded analyst expectations of $1.17.
• Mixed but generally positive outlook: Analysts maintain a consensus “Moderate Buy” rating and a $262.67 price target, although some firms lowered targets and concerns remain about the stock’s elevated valuation and volatility.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) insider James Laufman sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the completion of the sale, the insider owned 164,223 shares in the company, valued at $33,665,715. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Laufman also recently made the following trade(s):

• On Monday, September 21st, James Laufman sold 5,000 shares of Credo Technology Group stock. The shares were sold at an average price of $185.00, for a total value of $925,000.00.

Credo Technology Group Price Performance

NASDAQ:CRDO traded down $6.16 on Monday, reaching $212.48. The stock had a trading volume of 7,710,486 shares, compared to its average volume of 7,535,086. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67. The company has a market cap of $39.94 billion, a price-to-earnings ratio of 75.62, a P/E/G ratio of 0.87 and a beta of 3.25. The firm's fifty day moving average is $207.21 and its two-hundred day moving average is $198.59.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $479.00 million for the quarter, compared to analysts' expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The business's revenue was up 114.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, research analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRDO. Stifel Nicolaus reduced their target price on shares of Credo Technology Group from $350.00 to $310.00 and set a "buy" rating on the stock in a report on Monday. Mizuho cut their price objective 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. Wall Street Zen cut Credo Technology Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Evercore set a $292.00 target price on Credo Technology Group in a research report on Wednesday, September 2nd. Finally, TD Cowen increased their target price on Credo Technology Group from $260.00 to $300.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. 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 MarketBeat.com, Credo Technology Group has a consensus rating of "Moderate Buy" and a consensus price target of $262.67.

Institutional Investors Weigh In On Credo Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of CRDO. Polaris Financial Partners bought a new position in Credo Technology Group during the 3rd quarter valued at $681,000. GoalVest Advisory LLC increased its position in shares of Credo Technology Group by 49,226.5% in the 3rd quarter. GoalVest Advisory LLC now owns 24,170 shares of the company's stock worth $4,708,000 after purchasing an additional 24,121 shares during the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $33,000. QRG Capital Management Inc. lifted its position in shares of Credo Technology Group by 20.8% during the second quarter. QRG Capital Management Inc. now owns 6,527 shares of the company's stock worth $1,774,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Credo Technology Group during the second quarter worth about $548,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo has delivered seven consecutive quarters of triple-digit revenue growth, while its shift from copper-based connectivity to optical solutions could create a significant long-term opportunity as AI infrastructure demand expands. Credo: The Transformation From Copper To Optical Is A Major Opportunity Still Under-Appreciated
• Positive Sentiment: Stifel Nicolaus maintained a Buy rating and set a $310 price target, citing potential upside from Credo’s growth prospects despite lowering the target from $350. Credo Technology Group Given New $310 Price Target at Stifel Nicolaus
• Positive Sentiment: The company’s revenue more than doubled in its latest quarter, increasing 114.7% year over year, supported by AI-driven demand, an expanding optics portfolio and strong margins. A future optical-business milestone could lead analysts to materially raise their 2027 expectations. Credo Grew Revenue 114.70%. Why Can Nobody Price It?
• Neutral Sentiment: Analysts and commentators remain divided on whether Credo’s rapid growth justifies its elevated valuation. The company’s outlook is attractive, but execution risks and the stock’s volatility make further upside dependent on continued strong results. Credo Stock at a Premium Valuation: Opportunity or Stay Cautious?
• Negative Sentiment: Reported insider selling is weighing on sentiment because it may signal that company insiders view the current valuation as attractive for taking profits. Credo Technology Group Shares Down on Insider Selling

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.

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