Insider Selling: Credo Technology Group (NASDAQ:CRDO) CEO Sells $2,914,383.42 in Stock

24 Oct 2026, 04:09 by Jessica Moore · The Cerbat Gem

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CEO William Brennan sold 16,666 shares of the firm’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $174.87, for a total value of $2,914,383.42. Following the completion of the sale, the chief executive officer directly owned 1,584,164 shares in the company, valued at approximately $277,022,758.68. The trade was a 1.04% decrease in their position. The transaction 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.

William Joseph Brennan also recently made the following trade(s):

On Monday, September 14th, William Brennan sold 16,672 shares of Credo Technology Group stock. The shares were sold at an average price of $151.88, for a total value of $2,532,143.36.

Credo Technology Group Price Performance

Shares of CRDO opened at $147.29 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The stock has a 50 day simple moving average of $195.54 and a two-hundred day simple moving average of $207.32. The firm has a market cap of $27.68 billion, a P/E ratio of 54.99, a P/E/G ratio of 0.65 and a beta of 3.25.

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

Credo Technology Group News Roundup

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

Positive Sentiment: Credo was upgraded to Buy after reporting record quarterly revenue of $479 million, up 115% year over year, and non-GAAP EPS of $1.20 versus the $1.17 consensus. The company maintained gross margins near 50%, raised guidance and has a strong balance sheet with self-funded growth tied to hyperscale AI data centers. Credo rating upgrade article
Positive Sentiment: Analysts remain broadly constructive, with a “Moderate Buy” consensus and an average price target of $262.67. Credo’s planned optical-cable products, which could use about 30% less power than copper alternatives, may provide another growth engine when shipments begin in 2027.
Neutral Sentiment: Despite the selloff, the company’s valuation remains demanding, with a price-to-earnings ratio above 50. This leaves CRDO particularly sensitive to changes in AI infrastructure spending, interest rates and expectations for future growth.
Negative Sentiment: MaxLinear management said it is targeting 20%–30% of the 1.6-terabit active electrical cable market over the next several years, challenging Credo’s dominant position. Third-party data also points to limited near-term adoption of 1.6T cables, raising concerns about the pace of Credo’s next growth phase. Credo competition and 1.6T adoption article
Negative Sentiment: CEO William Brennan sold 16,666 shares for about $2.9 million, and CTO Chi Fung Cheng sold 27,500 shares for about $4.7 million. Both sales were made under pre-arranged Rule 10b5-1 plans and represent small ownership reductions, but repeated insider selling may weigh on sentiment. Credo insider sale filing

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Credo Technology Group by 2.2% during the 1st quarter. California State Teachers Retirement System now owns 240,886 shares of the company’s stock worth $22,612,000 after buying an additional 5,113 shares during the period. Corsair Capital Management L.P. acquired a new stake in shares of Credo Technology Group in the first quarter valued at about $469,000. Lazard Asset Management LLC raised its position in shares of Credo Technology Group by 55.6% during the 1st quarter. Lazard Asset Management LLC now owns 67,051 shares of the company’s stock worth $6,294,000 after purchasing an additional 23,949 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Credo Technology Group by 68.4% during the 1st quarter. Quantinno Capital Management LP now owns 34,124 shares of the company’s stock worth $3,203,000 after purchasing an additional 13,859 shares during the last quarter. Finally, Estuary Capital Management LP lifted its stake in Credo Technology Group by 87.4% in the 1st quarter. Estuary Capital Management LP now owns 412,227 shares of the company’s stock valued at $38,696,000 after buying an additional 192,218 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CRDO has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. reduced their target price on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Mizuho cut their price target 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. TD Cowen boosted their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, Evercore set a $292.00 price objective on Credo Technology Group in a research note on Wednesday, September 2nd. One 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.67.

Read Our Latest Stock Analysis on Credo Technology Group

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd. is a fabless semiconductor and connectivity solutions company that develops high-speed data-infrastructure technologies. Its products are designed to help data centers and communications networks move large volumes of information with lower power consumption and improved signal integrity.