Credo Technology Group (NASDAQ:CRDO) Stock Falls 8.7% Following Insider Selling

Posted by George Bondi on Sep 28th, 2026

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) were down 8.7% on Monday after an insider sold shares in the company. The stock traded as low as $189.44 and last traded at $192.67. 9,023,035 shares traded hands during trading, an increase of 20% from the average session volume of 7,511,981 shares. The stock had previously closed at $210.97.

Specifically, CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total transaction of $5,310,800.00. Following the completion of the transaction, the chief technology officer owned 5,689,897 shares in the company, valued at approximately $1,098,832,908.64. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James Laufman sold 5,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $925,000.00. Following the completion of the transaction, the insider directly owned 169,223 shares of the company’s stock, valued at approximately $31,306,255. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRDO. Stifel Nicolaus lifted their price objective on shares of Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Bank of America decreased their target price on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. Susquehanna raised their target price on shares of Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Barclays boosted 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 report on Monday, July 20th. Finally, Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.89.

Read Our Latest Stock Report on CRDO

Credo Technology Group Stock Down 8.7%

The company has a 50 day moving average of $209.32 and a two-hundred day moving average of $195.53. The firm has a market cap of $36.21 billion, a P/E ratio of 68.57, a PEG ratio of 0.84 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The firm had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. During the same period in the previous year, the company earned $0.52 earnings per share. Credo Technology Group’s revenue was up 114.7% compared to the same quarter last year. Research analysts expect that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Credo Technology Group

Several hedge funds have recently made changes to their positions in CRDO. Bank of America Corp DE raised its holdings in shares of Credo Technology Group by 13.7% in 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 boosted its holdings in Credo Technology Group by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after buying an additional 184,676 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after buying an additional 3,597,318 shares in the last quarter. Atreides Management LP boosted its holdings in Credo Technology Group by 3.5% during the second quarter. Atreides Management LP now owns 1,129,285 shares of the company’s stock worth $307,109,000 after buying an additional 38,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Credo Technology Group by 11.2% in 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 and hedge funds own 80.46% of the company’s stock.

About Credo Technology Group

(Get Free Report)

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.