Credo Technology Group Holding Ltd (NASDAQ:CRDO - Get Free Report) COO Yat Tung Lam sold 94,329 shares of the company's stock in a transaction on Monday, March 25th. The stock was sold at an average price of $22.51, for a total transaction of $2,123,345.79. Following the completion of the transaction, the chief operating officer now owns 912,878 shares of the company's stock, valued at $20,548,883.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Yat Tung Lam also recently made the following trade(s):
- On Tuesday, March 19th, Yat Tung Lam sold 37,733 shares of Credo Technology Group stock. The stock was sold at an average price of $20.02, for a total transaction of $755,414.66.
- On Monday, March 11th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The shares were sold at an average price of $20.93, for a total transaction of $209,300.00.
- On Wednesday, February 28th, Yat Tung Lam sold 215,364 shares of Credo Technology Group stock. The shares were sold at an average price of $22.92, for a total transaction of $4,936,142.88.
- On Monday, February 26th, Yat Tung Lam sold 140,255 shares of Credo Technology Group stock. The stock was sold at an average price of $22.55, for a total transaction of $3,162,750.25.
- On Thursday, February 22nd, Yat Tung Lam sold 315,601 shares of Credo Technology Group stock. The stock was sold at an average price of $22.93, for a total transaction of $7,236,730.93.
- On Tuesday, February 20th, Yat Tung Lam sold 130,000 shares of Credo Technology Group stock. The stock was sold at an average price of $21.17, for a total transaction of $2,752,100.00.
- On Thursday, February 15th, Yat Tung Lam sold 46,321 shares of Credo Technology Group stock. The stock was sold at an average price of $22.52, for a total transaction of $1,043,148.92.
- On Tuesday, February 13th, Yat Tung Lam sold 407 shares of Credo Technology Group stock. The stock was sold at an average price of $22.50, for a total transaction of $9,157.50.
- On Monday, February 5th, Yat Tung Lam sold 130,000 shares of Credo Technology Group stock. The stock was sold at an average price of $21.33, for a total transaction of $2,772,900.00.
- On Thursday, January 18th, Yat Tung Lam sold 270,980 shares of Credo Technology Group stock. The shares were sold at an average price of $19.14, for a total transaction of $5,186,557.20.
Credo Technology Group Trading Down 2.1 %
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CRDO opened at $21.20 on Thursday. Credo Technology Group Holding Ltd has a 1-year low of $7.20 and a 1-year high of $23.90. The firm's 50 day simple moving average is $21.43 and its two-hundred day simple moving average is $18.54.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Credo Technology Group had a negative net margin of 20.59% and a negative return on equity of 7.82%. The business had revenue of $53.06 million for the quarter, compared to the consensus estimate of $51.91 million. During the same period last year, the firm earned $0.02 earnings per share. The company's quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Credo Technology Group Holding Ltd will post -0.12 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on CRDO shares. Mizuho reiterated a "buy" rating and set a $30.00 price target (up previously from $28.00) on shares of Credo Technology Group in a report on Wednesday, February 28th. Stifel Nicolaus increased their price target on shares of Credo Technology Group from $20.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, November 30th. Needham & Company LLC increased their price target on shares of Credo Technology Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. The Goldman Sachs Group increased their price objective on shares of Credo Technology Group from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, TheStreet upgraded shares of Credo Technology Group from a "d+" rating to a "c-" rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $23.00.
Get Our Latest Stock Report on Credo Technology Group
Institutional Trading of Credo Technology Group
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of Credo Technology Group during the 1st quarter valued at $26,000. Ameritas Investment Partners Inc. bought a new stake in shares of Credo Technology Group during the 1st quarter valued at $26,000. Advisors Asset Management Inc. raised its position in shares of Credo Technology Group by 295.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,841 shares of the company's stock valued at $28,000 after purchasing an additional 1,376 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Credo Technology Group during the 4th quarter valued at $40,000. Finally, KBC Group NV bought a new stake in shares of Credo Technology Group during the 4th quarter valued at $43,000. 80.46% of the stock is currently owned by institutional investors.
Credo Technology Group Company Profile
(
Get Free Report)
Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP.
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