Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $764,973.60 in Stock

Posted by Caroline Horne on Oct 17th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Cheng sold 3,790 shares of Credo Technology Group stock in a transaction on 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 $26,303,385.12. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $192.99, for a total value of $5,307,225.00.
On Tuesday, October 6th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were 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 stock was sold at an average price of $193.12, for a total value of $5,310,800.00.
On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $166.38, for a total value 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 transaction of $644,300.00.
On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The shares were sold at an average price of $209.53, for a total transaction 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 stock was sold at an average price of $222.34, for a total transaction of $6,114,350.00.

Credo Technology Group Stock Performance

NASDAQ CRDO opened at $169.70 on Friday. The company has a market capitalization of $31.90 billion, a PE ratio of 60.30, a price-to-earnings-growth ratio of 0.71 and a beta of 3.25. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The company has a 50-day simple moving average of $204.44 and a 200 day simple moving average of $204.83.

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 for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The firm had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 114.7% on a year-over-year basis. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors have recently added to or reduced their stakes in CRDO. Corient Private Wealth LLC increased its stake in shares of Credo Technology Group by 239,024.5% in the fourth 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. Atreides Management LP purchased a new stake in shares of Credo Technology Group during the 1st quarter valued at approximately $102,434,000. The Manufacturers Life Insurance Company boosted its holdings in Credo Technology Group by 192.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,047,084 shares of the company’s stock worth $98,290,000 after buying an additional 688,596 shares during the period. H&H International Investment LLC boosted its holdings in Credo Technology Group by 431.6% in the 1st quarter. H&H International Investment LLC now owns 751,200 shares of the company’s stock worth $70,515,000 after buying an additional 609,900 shares during the period. Finally, Oaktree Capital Management LP bought a new position in Credo Technology Group in the 1st quarter worth approximately $50,596,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRDO has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $235.00 price target on shares of Credo Technology Group in a report on Thursday. TD Cowen increased their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Stifel Nicolaus reduced their price objective on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a report on Monday, October 5th. Evercore set a $292.00 target price on Credo Technology Group in a research report on Wednesday, September 2nd. Finally, Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

View Our Latest Stock Report on Credo Technology Group

More Credo Technology Group News

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

Positive Sentiment: Credo is starting a new optical connectivity standards group, an initiative that could help shape industry requirements and support adoption of its optical products across AI data centers. Credo starts optical connectivity standards group
Positive Sentiment: Recent coverage emphasizes Credo’s role in solving connectivity and reliability bottlenecks between processors in large AI clusters. Its high-speed connectivity products could become increasingly important as hyperscalers expand AI infrastructure. Credo AI connectivity outlook
Positive Sentiment: The company’s latest reported quarter showed revenue rising 114.7% year over year to $479 million, exceeding estimates, while EPS also beat expectations. This performance supports the bullish view that AI-related demand remains strong.
Neutral Sentiment: Rosenblatt reaffirmed a “Neutral” rating but raised its price target to $235, implying meaningful potential upside from recent levels. Broader analyst sentiment remains positive, although target-price reductions and comparisons with Arm and Coherent highlight valuation and execution risks.
Negative Sentiment: CRDO has been pressured alongside other AI infrastructure stocks by sector-wide profit-taking. With a premium earnings multiple, high volatility and reliance on major customers, the stock is particularly sensitive to changes in AI spending expectations.
Negative Sentiment: Director Pantas Sutardja sold approximately $326,819 of stock under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.03% of his holdings, limiting its significance, but insider selling may still weigh on investor sentiment. Credo director stock sale

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.