Insider Selling: Credo Technology Group (NASDAQ:CRDO) CEO Sells $2,532,143.36 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Brennan sold 16,672 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $151.88, for a total value of $2,532,143.36. Following the transaction, the chief executive officer owned 1,600,830 shares of the company’s stock, valued at $243,134,060.40. This represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Price Performance

Shares of CRDO opened at $175.89 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $86.49 and a 12 month high of $308.67. The stock has a fifty day moving average price of $211.91 and a 200 day moving average price of $191.88. The company has a market cap of $33.06 billion, a P/E ratio of 62.59, a PEG ratio of 0.67 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last posted 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 company had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 114.7% compared to the same quarter last year. As a group, research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRDO. Geode Capital Management LLC boosted its position in shares of Credo Technology Group by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock valued at $555,117,000 after purchasing an additional 184,676 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Credo Technology Group by 239,024.5% in the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after purchasing an additional 3,597,318 shares in the last quarter. 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. Goldman Sachs Group Inc. lifted its stake in Credo Technology Group by 11.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company’s stock valued at $290,805,000 after purchasing an additional 203,462 shares during the last quarter. Finally, Barclays PLC lifted its stake in Credo Technology Group by 33.8% during the fourth quarter. Barclays PLC now owns 1,448,004 shares of the company’s stock valued at $208,353,000 after purchasing an additional 365,923 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Roth Capital lifted their price target on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $250.00 price objective on shares of Credo Technology Group in a research report on Tuesday, June 2nd. TD Cowen increased their price objective on Credo Technology Group from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, Needham & Company LLC raised their target price on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of $267.39.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Strong revenue growth supports the AI infrastructure thesis. Credo’s latest quarter produced $479 million in revenue, up 114.7% year over year, while EPS of $1.20 exceeded the $1.17 consensus estimate. The results reinforce expectations that demand for connectivity products used in AI data centers will remain robust. Credo Technology stock gains as Q1 revenue jumps 114.7 percent
• Positive Sentiment: Credo is showcasing next-generation 1.6T optical technology. At ECOC 2026, the company is highlighting 1.6T optical connectivity solutions and its 224G-based ZeroFlap transceivers for AI scale-out networks. The products target bandwidth bottlenecks in hyperscale data centers and could expand Credo’s addressable market if adopted by major customers. Credo to Showcase 1.6T Optical Connectivity Solutions
• Positive Sentiment: Analysts see additional long-term upside from AI connectivity. Credo’s high-speed cables, optical DSPs, retimers and related products are positioned as essential components in expanding GPU clusters. Some bullish scenarios envision significant growth through 2030 as AI spending and inference workloads increase. If AI Spending Keeps Exploding, Credo Stock Could Look Very Different by 2030
• Neutral Sentiment: Investor comparisons highlight both opportunity and risk. Credo offers faster growth in AI connectivity, but NVIDIA has greater scale, broader exposure, stronger profitability and a lower valuation. The comparison may encourage investors to favor larger, more diversified AI companies over CRDO. Credo versus NVIDIA After Earnings
• Negative Sentiment: Valuation and execution concerns remain significant. CRDO trades at a high earnings multiple, and its share price has fallen sharply from its 12-month peak. Investors remain concerned about customer concentration, the sustainability of AI spending and whether rapid growth can continue.
• Negative Sentiment: Insider selling adds a modest sentiment headwind. CEO William Brennan sold 16,672 shares for approximately $2.5 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 1.03%, limiting its significance, but it may still weigh on sentiment. Credo SEC insider sale filing

Credo Technology Group Company Profile

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.