Credo Technology Group (NASDAQ:CRDO) Insider Sells $1,025,000.00 in Stock

05 Oct 2026, 22:10 by Sarita Garza · The Markets Daily

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) insider James Laufman sold 5,000 shares of Credo Technology Group stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the completion of the transaction, the insider directly owned 164,223 shares of the company’s stock, valued at approximately $33,665,715. This represents a 2.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Laufman also recently made the following trade(s):

On Monday, September 21st, James Laufman sold 5,000 shares of Credo Technology Group stock. The shares were sold at an average price of $185.00, for a total transaction of $925,000.00.

Credo Technology Group Stock Performance

Shares of Credo Technology Group stock traded down $6.16 during trading hours on Monday, reaching $212.48. The company’s stock had a trading volume of 7,710,486 shares, compared to its average volume of 7,535,086. The company’s 50 day simple moving average is $207.21 and its 200 day simple moving average is $198.59. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The stock has a market cap of $39.94 billion, a P/E ratio of 75.62, a price-to-earnings-growth ratio of 0.87 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The company’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on CRDO. JPMorgan Chase & Co. cut their price target on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Susquehanna increased their target price on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Barclays raised their target price on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Rosenblatt Securities increased their price objective on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

Read Our Latest Analysis on Credo Technology Group

More Credo Technology Group News

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

Positive Sentiment: Credo has delivered seven consecutive quarters of triple-digit revenue growth, while its shift from copper-based connectivity to optical solutions could create a significant long-term opportunity as AI infrastructure demand expands. Credo: The Transformation From Copper To Optical Is A Major Opportunity Still Under-Appreciated
Positive Sentiment: Stifel Nicolaus maintained a Buy rating and set a $310 price target, citing potential upside from Credo’s growth prospects despite lowering the target from $350. Credo Technology Group Given New $310 Price Target at Stifel Nicolaus
Positive Sentiment: The company’s revenue more than doubled in its latest quarter, increasing 114.7% year over year, supported by AI-driven demand, an expanding optics portfolio and strong margins. A future optical-business milestone could lead analysts to materially raise their 2027 expectations. Credo Grew Revenue 114.70%. Why Can Nobody Price It?
Neutral Sentiment: Analysts and commentators remain divided on whether Credo’s rapid growth justifies its elevated valuation. The company’s outlook is attractive, but execution risks and the stock’s volatility make further upside dependent on continued strong results. Credo Stock at a Premium Valuation: Opportunity or Stay Cautious?
Negative Sentiment: Reported insider selling is weighing on sentiment because it may signal that company insiders view the current valuation as attractive for taking profits. Credo Technology Group Shares Down on Insider Selling

Institutional Trading of Credo Technology Group

Several large investors have recently added to or reduced their stakes in the business. Reflection Asset Management acquired a new position in Credo Technology Group during the 4th quarter worth $25,000. Orion Capital Management LLC bought a new stake in shares of Credo Technology Group during the second quarter valued at about $27,000. AlphaCentric Advisors LLC acquired a new stake in Credo Technology Group in the first quarter worth about $33,000. Burkett Financial Services LLC acquired a new stake in Credo Technology Group in the third quarter worth about $33,000. Finally, Western Wealth Management LLC bought a new position in Credo Technology Group in the 1st quarter valued at about $38,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

(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.