Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $7,450,850.00 in Stock

Posted by Anthony Miller on Jun 28th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $270.94, for a total value of $7,450,850.00. Following the sale, the chief technology officer owned 5,937,370 shares of the company’s stock, valued at approximately $1,608,671,027.80. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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, June 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $246.69, for a total value of $6,783,975.00.
On Thursday, June 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $259.53, for a total value of $7,137,075.00.
On Friday, May 1st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $178.99, for a total value of $4,922,225.00.
On Monday, April 27th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $179.33, for a total value of $4,931,575.00.
On Wednesday, April 22nd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $188.02, for a total value of $5,170,550.00.
On Thursday, April 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $157.58, for a total value of $4,333,450.00.
On Friday, April 10th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $118.25, for a total transaction of $3,251,875.00.
On Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $103.19, for a total transaction of $2,837,725.00.
On Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The shares were sold at an average price of $101.45, for a total transaction of $246,929.30.
On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $91.28, for a total transaction of $2,510,200.00.

Credo Technology Group Stock Down 11.0%

NASDAQ CRDO opened at $238.44 on Friday. The firm has a market cap of $44.47 billion, a PE ratio of 96.15, a price-to-earnings-growth ratio of 1.09 and a beta of 3.22. The company has a 50 day moving average price of $213.03 and a 200 day moving average price of $157.26. Credo Technology Group Holding Ltd. has a 52 week low of $84.25 and a 52 week high of $308.67.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same period last year, the firm earned $0.20 earnings per share. Credo Technology Group’s revenue was up 157.0% compared to the same quarter last year. On average, equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Rosenblatt Securities boosted their target price on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Susquehanna raised their price target on Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a report on Tuesday, June 2nd. Rothschild & Co Redburn started coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target for the company. The Goldman Sachs Group restated a “buy” rating and set a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Finally, Roth Mkm increased their price objective on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $263.11.

Check Out Our Latest Stock Report on Credo Technology Group

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors have recently bought and sold shares of CRDO. Crewe Advisors LLC lifted its position in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 106 shares during the period. Reflection Asset Management purchased a new stake in Credo Technology Group in the fourth quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in Credo Technology Group during the 4th quarter worth about $32,000. Finally, AlphaCentric Advisors LLC purchased a new position in shares of Credo Technology Group during the 1st quarter valued at about $33,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

About Credo Technology Group

(Get Free Report)

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.