Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells 27,500 Shares of Stock

October 2, 2026 by InsiderTrades.com

Key Points

Credo Technology CTO Chi Cheng sold 27,500 shares for approximately $5.33 million at an average price of $193.93 under a pre-arranged Rule 10b5-1 plan. His remaining stake is about 5.66 million shares, and the sale reduced his ownership by just 0.48%.
Credo reported strong operating momentum, with quarterly revenue of $479 million—up 114.7% year over year—and earnings of $1.20 per share, exceeding analyst estimates.
Analysts remain broadly positive, assigning the stock a “Moderate Buy” consensus rating and an average price target of $264.89, though its elevated valuation and high volatility could increase downside risk if AI infrastructure spending slows.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Cheng sold 27,500 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $193.93, for a total transaction of $5,333,075.00. Following the completion of the transaction, the chief technology officer directly owned 5,662,397 shares in the company, valued at approximately $1,098,108,650.21. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Chi Fung Cheng also recently made the following trade(s):

On Wednesday, September 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $193.12, for a total value of $5,310,800.00.
On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $166.38, for a total value of $4,575,450.00.
On Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The shares were sold at an average price of $170.00, for a total value of $644,300.00.
On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The stock was sold at an average price of $209.53, for a total value of $5,756,417.69.
On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $205.54, for a total value of $5,652,350.00.
On Tuesday, July 21st, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $222.34, for a total value of $6,114,350.00.
On Wednesday, July 8th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The shares were sold at an average price of $258.71, for a total value of $980,510.90.
On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00.

Credo Technology Group Price Performance

CRDO stock opened at $210.17 on Friday. The stock has a market capitalization of $39.50 billion, a price-to-earnings ratio of 74.79, a PEG ratio of 0.78 and a beta of 3.25. The business's fifty day moving average price is $207.10 and its two-hundred day moving average price is $197.87. Credo Technology Group Holding Ltd. has a fifty-two week low of $86.49 and a fifty-two week high of $308.67.

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Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The company's revenue was up 114.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Research analysts expect that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Credo Technology Group News Summary

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

Positive Sentiment: Credo’s connectivity products are positioned to benefit from the next phase of AI infrastructure spending, particularly the wiring and networking components needed to link massive data-center clusters. The company recently delivered triple-digit year-over-year revenue growth, supporting the bullish investment case. AI Spending Is Entering Its Next Phase
Positive Sentiment: Recent analysis highlights Credo’s strong AI-data-center growth, relationships with large hyperscale customers and expansion into optical solutions, including its 224G-based 1.6T optical transceiver. These developments could support continued revenue momentum and help stabilize profitability. Credo: Opportunity Is Knocking
Positive Sentiment: Analyst coverage remains broadly favorable. Credo has a “Moderate Buy” consensus rating, with an average price target of $264.89; several firms have raised targets to between $270 and $300. Credo Stock Rated Moderate Buy
Positive Sentiment: Momentum-focused coverage points to continued investor interest following Credo’s latest earnings report, in which revenue rose 114.7% year over year to $479 million and earnings exceeded consensus expectations. Why Credo Is a Strong Momentum Stock
Neutral Sentiment: CTO Chi Cheng sold 27,500 shares worth approximately $5.3 million under a pre-arranged Rule 10b5-1 plan, reducing his stake by just 0.48%. The planned nature and relatively small percentage of the holding limit the negative signal. SEC Insider Sale Filing
Negative Sentiment: CEO and COO share sales add some pressure to sentiment, while Credo’s elevated valuation and high volatility leave the stock vulnerable if AI spending or growth expectations weaken. Credo CEO Sells Company Shares

Institutional Investors Weigh In On Credo Technology Group

Credo Technology Just Plunged 20%—Did the Market Overreact?

A number of large investors have recently bought and sold shares of CRDO. City Center Advisors LLC lifted its holdings in shares of Credo Technology Group by 2.1% during the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company's stock worth $706,000 after acquiring an additional 53 shares during the period. Versant Capital Management Inc increased its stake in Credo Technology Group by 8.0% in the second quarter. Versant Capital Management Inc now owns 755 shares of the company's stock valued at $205,000 after acquiring an additional 56 shares during the last quarter. QRG Capital Management Inc. raised its position in Credo Technology Group by 1.7% during the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company's stock valued at $507,000 after purchasing an additional 91 shares in the last quarter. Bank of Nova Scotia raised its position in Credo Technology Group by 1.6% during the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company's stock valued at $566,000 after purchasing an additional 92 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Credo Technology Group during the second quarter worth $27,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Evercore set a $292.00 price objective on shares of Credo Technology Group in a report on Wednesday, September 2nd. Mizuho lowered their target price on shares of Credo Technology Group from $290.00 to $245.00 and set an "outperform" rating on the stock in a report on Monday, September 21st. 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. Zacks Research cut Credo Technology Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 3rd. Finally, Susquehanna boosted their price target on Credo Technology Group from $235.00 to $250.00 and gave the company a "positive" rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group presently has an average rating of "Moderate Buy" and a consensus target price of $264.89.

View Our Latest Report on Credo Technology Group

About Credo Technology Group

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company's product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.