Credo Technology Group (NASDAQ:CRDO) CTO Sells $2,837,725.00 in Stock

Posted by Renee Jackson on Apr 8th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00. Following the transaction, the chief technology officer directly owned 6,162,370 shares of the company’s stock, valued at approximately $635,894,960.30. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The stock was 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.
On Tuesday, March 24th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $100.67, for a total transaction of $2,768,425.00.
On Tuesday, March 17th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $107.90, for a total transaction of $2,967,250.00.
On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $117.60, for a total transaction of $3,234,000.00.
On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00.
On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $136.33, for a total transaction of $4,089,900.00.
On Thursday, January 15th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $155.47, for a total transaction of $4,664,100.00.
On Thursday, January 8th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $139.93, for a total transaction of $4,197,900.00.

Credo Technology Group Price Performance

CRDO stock traded up $3.37 during midday trading on Wednesday, hitting $110.16. The stock had a trading volume of 4,551,783 shares, compared to its average volume of 6,993,267. The firm has a market cap of $20.32 billion, a PE ratio of 61.20 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 12-month low of $33.04 and a 12-month high of $213.80. The company’s 50-day moving average price is $112.24 and its 200 day moving average price is $137.75.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. Credo Technology Group’s revenue for the quarter was up 201.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Institutional Trading of Credo Technology Group

Several institutional investors have recently made changes to their positions in CRDO. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group during the 3rd quarter valued at $25,000. Crewe Advisors LLC grew its stake in shares of Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares during the period. Reflection Asset Management purchased a new stake in shares of Credo Technology Group during the 4th quarter valued at $25,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Credo Technology Group during the 4th quarter valued at $25,000. Finally, First Horizon Corp purchased a new stake in shares of Credo Technology Group during the 3rd quarter valued at $26,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRDO has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $125.00 price objective on shares of Credo Technology Group in a report on Monday, March 23rd. Roth Mkm cut their price objective on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Barclays reissued an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $206.33.

Read Our Latest Stock Report on CRDO

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.