Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $5,310,800.00 in Stock

Key Points

• Credo Technology CTO Chi Cheng sold 27,500 shares for approximately $5.31 million at an average price of $193.12 under a pre-arranged Rule 10b5-1 plan. He still directly owns about 5.69 million shares valued at roughly $1.10 billion.
• Credo reported strong quarterly results, with revenue up 114.7% year over year to $479 million and EPS of $1.20, exceeding analyst expectations. The stock traded near $210.97, with a market capitalization of approximately $39.65 billion.
• Wall Street maintains a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $264.89; targets from individual firms range as high as $350.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Cheng sold 27,500 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $193.12, for a total value of $5,310,800.00. Following the completion of the sale, the chief technology officer directly owned 5,689,897 shares of the company's stock, valued at $1,098,832,908.64. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $4,575,450.00.
• On Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was 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.
• On Wednesday, July 8th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $258.71, for a total transaction of $980,510.90.
• On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $243.06, for a total value of $6,684,150.00.
• On Tuesday, June 30th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $269.84, for a total value of $7,420,600.00.

Credo Technology Group Stock Performance

CRDO traded up $15.00 during midday trading on Friday, hitting $210.97. The company had a trading volume of 11,681,831 shares, compared to its average volume of 7,509,061. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The firm's 50-day simple moving average is $209.15 and its 200-day simple moving average is $194.86. The company has a market capitalization of $39.65 billion, a PE ratio of 75.08, a P/E/G ratio of 0.77 and a beta of 3.22.

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 for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $479.00 million during the quarter, compared to analysts' expectations 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 was up 114.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRDO. Rosenblatt Securities boosted their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the company a "neutral" rating in a report on Wednesday, September 2nd. The Goldman Sachs Group restated a "buy" rating and set a $250.00 price objective on shares of Credo Technology Group in a report on Tuesday, June 2nd. Evercore set a $292.00 target price on Credo Technology Group in a research report on Wednesday, September 2nd. Barclays raised their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus boosted their price target on shares of Credo Technology Group from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of "Moderate Buy" and a consensus target price of $264.89.

More Credo Technology Group News

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

• Positive Sentiment: Credo’s revenue more than tripled in fiscal 2026 as demand grew for its high-speed connectivity chips and cables, which move data between servers in AI data centers. The company is viewed as a direct beneficiary of continued AI infrastructure spending, although Nvidia’s much larger data-center business highlights the competitive scale of the market. Credo vs. Nvidia: Which AI Chip Stock Is a Better Buy in 2026?
• Positive Sentiment: Investor commentary highlighted Credo’s 114.7% year-over-year quarterly revenue growth, strong GAAP profitability, net cash balance sheet and expected full-year revenue growth above 85%. The DustPhotonics acquisition is expected to expand Credo’s optical capabilities and improve vertical integration, while its products may benefit from shortages affecting competing photonics suppliers. Credo: The Rise Of Muse Validates The AI Trade Photonics And Optics Are In Shortage, Buy Credo
• Neutral Sentiment: Options activity was unusually heavy, with investors purchasing 42,247 call contracts—41% above the average daily volume. This signals increased bullish speculation, but options trading alone does not guarantee sustained buying in the shares.
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the figure may reflect a reporting or data anomaly and offers limited insight into fundamentals.
• Negative Sentiment: Insider James Laufman sold 5,000 shares for approximately $925,000, reducing his direct holdings by 2.87%. The sale is relatively small compared with his remaining stake but may temper sentiment at a richly valued stock trading at a high earnings multiple. Insider Selling: Credo Technology Group Insider Sells 5,000 Shares

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Credo Technology Group by 13.7% during the 2nd quarter. Bank of America Corp DE now owns 2,182,764 shares of the company's stock worth $593,603,000 after purchasing an additional 262,479 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Credo Technology Group by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company's stock worth $555,117,000 after acquiring an additional 184,676 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Credo Technology Group by 239,024.5% in the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company's stock valued at $517,835,000 after purchasing an additional 3,597,318 shares in the last quarter. Atreides Management LP increased its position in Credo Technology Group by 3.5% during the 2nd quarter. Atreides Management LP now owns 1,129,285 shares of the company's stock worth $307,109,000 after purchasing an additional 38,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Credo Technology Group by 11.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company's stock worth $290,805,000 after buying an additional 203,462 shares during the last quarter. Institutional investors own 80.46% of the company's stock.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company's portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.

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