Credo Technology Group (NASDAQ:CRDO) Insider Sells $925,000.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) insider James Laufman sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $185.00, for a total value of $925,000.00. Following the transaction, the insider owned 169,223 shares of the company’s stock, valued at approximately $31,306,255. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Credo Technology Group Trading Up 7.7%

NASDAQ:CRDO opened at $210.97 on Friday. The business’s 50-day moving average is $209.32 and its 200 day moving average is $194.97. Credo Technology Group Holding Ltd. has a 12 month low of $86.49 and a 12 month high of $308.67. The company has a market capitalization of $39.65 billion, a P/E ratio of 75.08, a P/E/G ratio of 0.78 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The firm’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, research analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRDO has been the topic of several research reports. Weiss Ratings upgraded shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Barclays increased their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their target price on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Wall Street Zen downgraded shares of Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Roth Capital upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $264.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRDO. Reflection Asset Management purchased a new position in Credo Technology Group in the fourth quarter valued at about $25,000. Orion Capital Management LLC purchased a new position in shares of Credo Technology Group in the 2nd quarter worth approximately $27,000. AlphaCentric Advisors LLC purchased a new position in shares of Credo Technology Group in the 1st quarter worth approximately $33,000. Western Wealth Management LLC bought a new position in shares of Credo Technology Group during the 1st quarter worth approximately $38,000. Finally, MCF Advisors LLC lifted its position in Credo Technology Group by 309.9% during the fourth quarter. MCF Advisors LLC now owns 373 shares of the company’s stock valued at $54,000 after acquiring an additional 282 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo’s revenue more than tripled in fiscal 2026 as demand grew for its high-speed connectivity chips and cables, which move data between servers in AI data centers. The company is viewed as a direct beneficiary of continued AI infrastructure spending, although Nvidia’s much larger data-center business highlights the competitive scale of the market. Credo vs. Nvidia: Which AI Chip Stock Is a Better Buy in 2026?
• Positive Sentiment: Investor commentary highlighted Credo’s 114.7% year-over-year quarterly revenue growth, strong GAAP profitability, net cash balance sheet and expected full-year revenue growth above 85%. The DustPhotonics acquisition is expected to expand Credo’s optical capabilities and improve vertical integration, while its products may benefit from shortages affecting competing photonics suppliers. Credo: The Rise Of Muse Validates The AI Trade Photonics And Optics Are In Shortage, Buy Credo
• Neutral Sentiment: Options activity was unusually heavy, with investors purchasing 42,247 call contracts—41% above the average daily volume. This signals increased bullish speculation, but options trading alone does not guarantee sustained buying in the shares.
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the figure may reflect a reporting or data anomaly and offers limited insight into fundamentals.
• Negative Sentiment: Insider James Laufman sold 5,000 shares for approximately $925,000, reducing his direct holdings by 2.87%. The sale is relatively small compared with his remaining stake but may temper sentiment at a richly valued stock trading at a high earnings multiple. Insider Selling: Credo Technology Group Insider Sells 5,000 Shares

About Credo Technology Group

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.