Insider Selling: Credo Technology Group (NASDAQ:CRDO) CFO Sells $9,979,200.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CFO Daniel Fleming sold 40,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the sale, the chief financial officer owned 501,873 shares in the company, valued at $125,207,276.04. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Credo Technology Group Trading Up 4.2%

NASDAQ CRDO opened at $249.33 on Thursday. The business’s 50-day moving average price is $193.31 and its two-hundred day moving average price is $152.66. Credo Technology Group Holding Ltd. has a 12 month low of $80.60 and a 12 month high of $270.21. The firm has a market capitalization of $46.50 billion, a PE ratio of 100.54, a price-to-earnings-growth ratio of 1.26 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, beating 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 firm had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue was up 157.0% on a year-over-year basis. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

More Credo Technology Group News

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

• Positive Sentiment: Credo’s blockbuster FY26 results and strong guidance continue to fuel bullish sentiment, with investors focused on rapid revenue growth, earnings beats, and momentum in AI connectivity. Credo Technology Group Holding (CRDO) Is Up 21.2% After Earnings Beat And DustPhotonics Deal – What’s Changed
• Positive Sentiment: Analysts and media coverage remain constructive, highlighting Credo’s exposure to AI infrastructure spending, optical networking growth, and improving margins, which supports the stock’s rally. Credo Technology Stock Outlook Hinges on AI and Optical Scale
• Positive Sentiment: Mizuho reiterated an Outperform rating and lifted its price target to $290, adding to the bullish analyst backdrop after the earnings report. Mizuho Reiterates Outperform on Credo Technology Group Holding Ltd (CRDO)
• Neutral Sentiment: CFO Daniel Fleming sold 40,000 shares under a pre-arranged 10b5-1 plan tied to tax withholding on vested equity awards, which is not usually viewed as a negative signal on fundamentals. SEC Form 4 filing
• Neutral Sentiment: Some recent commentary suggests the valuation is becoming stretched after a major run-up, so investors may be watching closely for continued execution in margins, customer ramps, and guidance. Is CRDO Stock Still Worth Buying After Its Massive Run Higher?

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Rothschild & Co Redburn assumed coverage on Credo Technology Group in a research report on Friday, May 1st. They set a “buy” rating and a $206.00 target price on the stock. Stifel Nicolaus set a $250.00 target price on Credo Technology Group in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group restated a “buy” rating and set a $250.00 target price on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Finally, Susquehanna upped their target price on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Credo Technology Group by 16.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after acquiring an additional 77 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Credo Technology Group by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after purchasing an additional 91 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Credo Technology Group by 1.7% in the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after purchasing an additional 91 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Credo Technology Group by 1.6% in the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after purchasing an additional 92 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Credo Technology Group by 2.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

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.