Credo Technology Group (NASDAQ:CRDO) Stock Price Down 6.6% Following Insider Selling

Posted by Brian Himes on Jul 2nd, 2026

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) traded down 6.6% on Thursday following insider selling activity. The stock traded as low as $233.17 and last traded at $241.91. 9,029,009 shares were traded during trading, an increase of 15% from the average session volume of 7,871,160 shares. The stock had previously closed at $259.09.

Specifically, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $269.84, for a total value of $7,420,600.00. Following the sale, the chief technology officer directly owned 5,909,870 shares in the company, valued at approximately $1,594,719,320.80. This represents a 0.46% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRDO. Roth Mkm boosted their price objective on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. TD Cowen lifted their target price on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Rothschild & Co Redburn initiated coverage on shares of Credo Technology Group in a research note on Friday, May 1st. They set a “buy” rating and a $206.00 target price for the company. Finally, Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Credo Technology Group currently has a consensus rating of “Buy” and a consensus target price of $263.11.

Get Our Latest Research Report on CRDO

Credo Technology Group Stock Down 6.6%

The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 97.54, a P/E/G ratio of 1.24 and a beta of 3.19. The company’s 50 day moving average price is $218.70 and its 200 day moving average price is $159.18.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last issued its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The company had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 157.0% on a year-over-year basis. As a group, analysts expect that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current year.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of CRDO. Vanguard Group Inc. raised its position in Credo Technology Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock worth $2,386,449,000 after buying an additional 59,849 shares during the last quarter. State Street Corp boosted its holdings in shares of Credo Technology Group by 23.4% in the 4th quarter. State Street Corp now owns 4,486,320 shares of the company’s stock valued at $645,537,000 after acquiring an additional 849,654 shares during the last quarter. Geode Capital Management LLC increased its stake 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 period. Corient Private Wealth LLC increased its stake in shares of Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Credo Technology Group by 66.0% during the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after purchasing an additional 1,218,504 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

About Credo Technology Group

(Get Free Report)

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.