Credo Technology Group (NASDAQ:CRDO) Stock Price Down 3% on Insider Selling

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares fell 3% during trading on Friday following insider selling activity. The company traded as low as $253.43 and last traded at $257.79. Approximately 3,956,142 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 7,814,735 shares. The stock had previously closed at $265.65.

Specifically, CTO Chi Fung Cheng sold 3,790 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $258.71, for a total transaction of $980,510.90. Following the sale, the chief technology officer owned 140,358 shares of the company’s stock, valued at $36,312,018.18. The trade was a 2.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $243.06, for a total value of $6,684,150.00. Following the completion of the transaction, the chief technology officer directly owned 5,882,370 shares of the company’s stock, valued at $1,429,768,852.20. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

CRDO has been the subject of a number of recent analyst reports. Evercore initiated coverage on Credo Technology Group in a report on Monday, June 22nd. They set an “outperform” rating and a $325.00 target price for the company. Rosenblatt Securities boosted their price objective on shares of Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus increased their target price on shares of Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Jefferies Financial Group boosted their price target on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Bank of America increased their price objective on Credo Technology Group from $252.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Two investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $263.11.

More Credo Technology Group News

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

• Positive Sentiment: Recent commentary remains upbeat on Credo’s role in AI data-center infrastructure, highlighting strong demand for its active electrical cables and high-speed interconnects, plus rapid revenue and margin growth that support the stock’s long-term bull case. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
• Positive Sentiment: Analysts and market commentary continue to frame CRDO as a beneficiary of AI infrastructure spending, with reports noting that its products are embedded in hyperscaler training clusters and that fiscal 2026 revenue more than tripled. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
• Neutral Sentiment: Several reports also highlighted broad interest in Credo as an “AI toll road” play, reinforcing investor enthusiasm but offering no new company-specific catalyst. Credo: Strong AI-Led Growth Proposition
• Neutral Sentiment: CTO Chi Fung Cheng sold shares in multiple transactions, including a recent sale of 3,790 shares, but the trades were made under a pre-arranged Rule 10b5-1 plan and he still holds a very large stake, so the signal is not necessarily bearish. Credo Technology Group (NASDAQ:CRDO) CTO Sells 3,790 Shares
• Negative Sentiment: The repeated insider sales may still create short-term pressure on sentiment, especially after a series of sizable disposals in recent weeks, even if they were pre-scheduled. Credo’s CTO Sold 31,290 Shares. His Remaining $1.6 Billion Stake Tells the Real Story

Credo Technology Group Price Performance

The company has a 50 day simple moving average of $227.11 and a 200-day simple moving average of $163.91. The stock has a market cap of $48.07 billion, a P/E ratio of 103.95, a price-to-earnings-growth ratio of 1.18 and a beta of 3.20.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.Credo Technology Group’s quarterly revenue was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. As a group, research 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 have recently made changes to their positions in the business. Crewe Advisors LLC lifted its stake in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. Reflection Asset Management purchased a new position in shares of Credo Technology Group in the fourth quarter worth about $25,000. Acumen Wealth Advisors LLC purchased a new stake in Credo Technology Group during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group during the 4th quarter worth approximately $32,000. Finally, AlphaCentric Advisors LLC bought a new position in Credo Technology Group during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Company Profile

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.