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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s stock price was down 7.2% on Tuesday after an insider sold shares in the company. The company traded as low as $104.95 and last traded at $111.31. Approximately 10,887,324 shares changed 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 Credo Technology Group stock in a transaction on Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the completion of the transaction, the director directly owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 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 $6,384,500.00. Following the completion of the sale, the chief executive officer directly owned 1,832,502 shares in the company, valued at $233,992,180.38. This represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In other news, CEO William Joseph Brennan sold 18,016 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $127.69, for a total transaction of $2,300,463.04. Following the completion of the transaction, the chief executive officer directly owned 252,625 shares of the company’s stock, valued at approximately $32,257,686.25. The trade was a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Credo Technology Group in a report on Friday, October 17th. They issued an “overweight” rating and a $165.00 price objective on the stock. Mizuho raised their price target on Credo Technology Group from $165.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. 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. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Finally, Roth Mkm raised their target price on Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $216.54.

Credo Technology Group News Roundup

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 Price Performance

The business’s 50-day moving average price is $149.88 and its 200-day moving average price is $142.27. The firm 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) last issued its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $268.03 million for the quarter, compared to the consensus estimate of $234.99 million. During the same period last year, the firm posted $0.07 EPS. Credo Technology Group’s revenue for the quarter was up 272.1% on a year-over-year basis. Equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Institutional Trading of Credo Technology Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Credo Technology Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock worth $2,386,449,000 after purchasing an additional 59,849 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Credo Technology Group by 18.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock worth $1,121,118,000 after acquiring an additional 1,190,522 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Credo Technology Group by 4.7% in the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after acquiring an additional 163,305 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after acquiring an additional 1,218,504 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after acquiring an additional 1,406,752 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

About Credo Technology Group

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.