Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) CEO William Joseph Brennan sold 15,000 shares of Credo Technology Group stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $19.16, for a total value of $287,400.00. Following the sale, the chief executive officer now directly owns 2,992,500 shares of the company’s stock, valued at approximately $57,336,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
William Joseph Brennan also recently made the following trade(s):
- On Thursday, April 4th, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The shares were sold at an average price of $22.31, for a total value of $334,650.00.
- On Wednesday, March 27th, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The stock was sold at an average price of $21.58, for a total value of $323,700.00.
- On Wednesday, March 13th, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The stock was sold at an average price of $20.55, for a total transaction of $308,250.00.
- On Thursday, February 15th, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The shares were sold at an average price of $22.39, for a total transaction of $335,850.00.
- On Thursday, February 1st, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The stock was sold at an average price of $20.44, for a total transaction of $306,600.00.
- On Tuesday, January 30th, William Joseph Brennan sold 15,000 shares of Credo Technology Group stock. The shares were sold at an average price of $21.05, for a total transaction of $315,750.00.
Credo Technology Group Price Performance
Credo Technology Group stock traded down $0.60 during mid-day trading on Thursday, reaching $17.99. 2,171,166 shares of the company traded hands, compared to its average volume of 2,175,057. The firm’s 50 day moving average price is $21.46 and its 200 day moving average price is $19.18. Credo Technology Group Holding Ltd has a 52-week low of $7.20 and a 52-week high of $23.90. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -78.22 and a beta of 1.97.
Institutional Trading of Credo Technology Group
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada bought a new position in shares of Credo Technology Group in the 1st quarter worth about $26,000. Ameritas Investment Partners Inc. purchased a new stake in Credo Technology Group in the first quarter worth about $26,000. Advisors Asset Management Inc. increased its stake in shares of Credo Technology Group by 295.9% during the third quarter. Advisors Asset Management Inc. now owns 1,841 shares of the company’s stock valued at $28,000 after purchasing an additional 1,376 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $40,000. Finally, KBC Group NV purchased a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $43,000. Institutional investors own 80.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CRDO. The Goldman Sachs Group boosted their target price on Credo Technology Group from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Mizuho reiterated a “buy” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Credo Technology Group in a research report on Wednesday, February 28th. Needham & Company LLC raised their target price on shares of Credo Technology Group from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Craig Hallum lifted their target price on shares of Credo Technology Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday. Finally, TD Cowen increased their price target on shares of Credo Technology Group from $20.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Credo Technology Group has a consensus rating of “Moderate Buy” and an average price target of $24.25.
Get Our Latest Stock Analysis on Credo Technology Group
About Credo Technology Group
Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP.
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