Credo Technology Group (NASDAQ:CRDO) CTO Sells 3,790 Shares of Stock

Posted by Wayne Rhoads on Oct 14th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Cheng sold 3,790 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $201.84, for a total value of $764,973.60. Following the sale, the chief technology officer owned 130,318 shares in the company, valued at approximately $26,303,385.12. The trade was a 2.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, October 13th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $192.99, for a total transaction of $5,307,225.00.
On Tuesday, October 6th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $221.48, for a total value of $6,090,700.00.
On Tuesday, September 29th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $193.93, for a total value of $5,333,075.00.
On Wednesday, September 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $193.12, for a total transaction of $5,310,800.00.
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 transaction 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 stock was sold at an average price of $209.53, for a total value of $5,756,417.69.
On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were 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 shares were sold at an average price of $222.34, for a total value of $6,114,350.00.

Credo Technology Group Price Performance

Shares of CRDO stock traded down $19.08 during trading on Wednesday, reaching $179.23. The company had a trading volume of 12,164,208 shares, compared to its average volume of 7,583,224. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The firm’s 50 day simple moving average is $207.99 and its two-hundred day simple moving average is $203.90. The company has a market capitalization of $33.69 billion, a PE ratio of 63.78, a PEG ratio of 0.80 and a beta of 3.25.

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, beating 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 quarter last year, the firm posted $0.52 EPS. The company’s revenue was up 114.7% on a year-over-year basis. Analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Credo Technology Group from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. TD Cowen lifted their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Mizuho reduced their target price on shares of Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a research report on Monday, September 21st. Rosenblatt Securities lifted their price objective on Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Evercore set a $292.00 target price on shares of Credo Technology Group in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.67.

Get Our Latest Report on CRDO

Key Stories Impacting Credo Technology Group

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

Positive Sentiment: Credo’s AI connectivity demand remains robust. Recent quarterly revenue increased 114.7% year over year to $479 million, while EPS exceeded analyst expectations. Analysts cited in recent coverage expect fiscal 2027 revenue to rise more than 85%, supported by record sales and expansion of the optical business. Does Credo’s Revenue Outlook Signal Further Upside?
Positive Sentiment: The company unveiled its 1.6T ZeroFlap Active Light Cable, designed for AI data centers with lower power consumption, longer reach and improved reliability. Commercial shipments are expected around 2027, creating a potential new growth driver as data-center bandwidth requirements increase. Credo Expands AI Connectivity Portfolio
Positive Sentiment: Credo is leading an Open Compute Project workstream to standardize Short-Reach Micro-Emitter Optics, potentially positioning its technology for broader hyperscaler adoption. Its collaboration with AMD on memory connectivity also expands the company’s opportunity beyond active electrical cables. Credo Launches SRMO Standardization
Neutral Sentiment: Some analysts view CRDO as undervalued relative to its growth and peers, with a consensus “Moderate Buy” rating. However, the company still trades at a high earnings multiple and relies heavily on two customers. Investors must also wait for newer optical products to ship at scale before they can materially affect results.
Negative Sentiment: The recent decline appears largely linked to sector-wide weakness and profit-taking in AI infrastructure stocks rather than a newly reported operational problem. High volatility and valuation sensitivity remain risks if customer capital spending slows. Does the Drop in Credo Stock Change Anything?
Negative Sentiment: CFO Daniel Fleming sold 7,580 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 1.52% and left him with a substantial stake, limiting its significance, but it may add modest pressure to sentiment.

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRDO. Lodestone Wealth Management LLC grew its holdings in shares of Credo Technology Group by 108.1% during the third quarter. Lodestone Wealth Management LLC now owns 1,205 shares of the company’s stock worth $235,000 after buying an additional 626 shares in the last quarter. Firethorn Wealth Partners LLC bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $402,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Credo Technology Group by 4,900.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 200 shares of the company’s stock worth $39,000 after purchasing an additional 196 shares during the period. Q Fund Management Hong Kong Ltd acquired a new stake in shares of Credo Technology Group in the third quarter valued at approximately $8,982,000. Finally, Krilogy Financial LLC boosted its position in Credo Technology Group by 8.7% during the third quarter. Krilogy Financial LLC now owns 1,136 shares of the company’s stock worth $228,000 after purchasing an additional 91 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.