Credo Technology Group (NASDAQ:CRDO) Stock Price Down 5.6% After Insider Selling

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s stock price traded down 5.6% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $223.56 and last traded at $224.63. Approximately 4,188,002 shares traded hands during trading, a decline of 45% from the average session volume of 7,568,087 shares. The stock had previously closed at $237.92.

Specifically, CTO Chi Fung Cheng sold 27,473 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the sale, the chief technology officer directly owned 5,772,397 shares of the company’s stock, valued at $1,209,490,343.41. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $213.33, for a total transaction of $10,666,500.00. Following the completion of the transaction, the chief operating officer directly owned 300,000 shares of the company’s stock, valued at $63,999,000. This represents a 14.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Credo Technology Group news, COO Yat Tung Lam sold 55,441 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82. Following the completion of the transaction, the chief operating officer owned 2,529,169 shares in the company, valued at $538,763,580.38. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

CRDO has been the topic of a number of recent research reports. Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho boosted their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. increased their price target 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. Finally, Stifel Nicolaus lifted their price objective on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.17.

Key Credo Technology Group News

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

• Positive Sentiment: Credo is being highlighted as a leading AI-photonics beneficiary alongside Lumentum, with demand for high-speed optical connectivity supported by expanding data-center and AI infrastructure spending. Analysts point to Credo’s growing optical portfolio and potentially strong revenue growth. Buy These 2 High-Flying AI-Led Photonics Stocks With More Room to Grow
• Positive Sentiment: At Flash Memory Summit 2026, Credo showcased interconnect products designed for AI memory and storage applications. The products are aimed at data-center requirements for higher bandwidth, lower latency and improved connectivity, potentially expanding the company’s addressable market. Credo Technology Group Showcased AI Interconnects
• Positive Sentiment: Longer-term bullish commentary argues that Credo could deliver substantial shareholder returns by 2030 if AI infrastructure spending remains strong, the company continues gaining customers and its interconnect products scale successfully. The outlook follows revenue that tripled and a recent earnings beat. Price Prediction: Credo Will Trade at This Price in 2030
• Neutral Sentiment: Credo’s latest quarterly results remain a fundamental support: revenue rose 157% year over year to $437 million, exceeding estimates, while EPS of $1.16 topped the $1.02 consensus. However, the stock’s roughly 91 price-to-earnings ratio leaves limited room for execution or growth disappointments.
• Negative Sentiment: Zacks Research downgraded CRDO from “Strong Buy” to “Hold,” reinforcing concerns that the stock may already reflect much of its AI opportunity. Other commentary cited premium valuation, customer concentration and execution risk despite the strong year-to-date performance. Zacks Research Coverage
• Negative Sentiment: Insiders reported substantial profit-taking on July 31 under pre-arranged Rule 10b5-1 plans. CTO Chi Fung Cheng sold 27,473 shares for approximately $5.8 million, while COO Yat Tung Lam sold 105,441 shares worth about $22.5 million. Both retain significant holdings, but the sales add to investor caution following CRDO’s powerful rally. SEC Insider Filings

Credo Technology Group Trading Down 5.6%

The stock’s fifty day moving average price is $236.93 and its two-hundred day moving average price is $172.92. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of 90.58, a price-to-earnings-growth ratio of 1.00 and a beta of 3.23.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s revenue was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRDO. Reflection Asset Management acquired a new stake in shares of Credo Technology Group during the 4th quarter worth about $25,000. Acumen Wealth Advisors LLC acquired a new position in Credo Technology Group in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in Credo Technology Group in the fourth quarter valued at approximately $32,000. AlphaCentric Advisors LLC purchased a new position in Credo Technology Group in the first quarter valued at approximately $33,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Credo Technology Group in the fourth quarter valued at approximately $36,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

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.