Credo Technology (CRDO) Pres & CEO Brennan Sells $2.9M of Stock
Key Points
- Credo Technology Group Holding Ltd CEO William Joseph Brennan sold 16,666 shares on October 19, 2026, at an average price of $174.87 per share.
- After the trade, William Joseph Brennan indirectly holds 1,584,164 $CRDO shares, down 1.04% from before the trade.
- Institutional investors adjusted their positions, with Jennison Associates LLC expanding its stake while Point72 Asset Management trimmed holdings.
- Credo Technology shares recently traded around $182.27, well below their 52-week high as the company prepares to report earnings on November 30, 2026.
Since the trade, $CRDO is up 5.5% to date (from the $172.81 close on Oct 19, 2026).
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Credo Technology Group Holding Ltd President and Chief Executive Officer William Joseph Brennan sold 16,666 shares of the company on October 19, 2026. According to a Form 4 filed with the Securities and Exchange Commission, the transaction was executed at an average price of $174.87 per share, for a total value of $2,914,305.09.
CRDO
Credo Technology Group Holding Ltd
Inside William Joseph Brennan's Credo Technology Trade
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Brennan directly held 1,584,164 shares of the semiconductor firm, marking an approximate 1.04% reduction in his personal holding. On the day of the trade, Credo Technology shares closed at $172.81.
Other Institutional Activity in Credo Technology Group Holding Ltd
Large funds continue to make notable adjustments to their portfolios regarding Credo Technology. Jennison Associates LLC grew its holdings by 2,408,197 shares, ending with 2,655,290 shares worth about $484,006,257. Point72 Asset Management, L.P. reduced its position by 1,326,061 shares, wrapping up the period with 6,153,132 shares valued at approximately $1,121,592,893. Swedbank trimmed 511,640 shares to hold 1,551,139 shares worth roughly $469,250,553. Srs Investment Management, Llc added 67,910 shares for a total of 2,573,808 shares valued near $469,153,719. Meanwhile, Trexquant Investment opened a new stake with 279,322 shares worth about $75,961,621.
Credo Technology Group Holding Ltd Stock Up 7.4%
Credo Technology shares recently traded around $182.27 as of October 21, 2026, sitting up about 5.5% since the insider sale. The stock trades above its 200-day moving average and remains well below its 52-week peak.
Recent Earnings
Credo Technology reported trailing-twelve-month revenue of $1.59 billion alongside basic earnings of $2.82 per share. The firm's next earnings report is expected on November 30, 2026.
Dividend
Credo Technology does not currently pay a dividend.
Insider Buying and Selling at Credo Technology Group Holding Ltd
Other company insiders also completed transactions earlier in October. Director Pantas Sutardja sold 1,540 shares on October 12, 2026, at an average price of $212.22 per share. Chief Technology Officer Chi Fung Cheng sold 3,790 shares at $201.84 per share and another 27,500 shares at $192.99 per share on October 12 and October 13, 2026.
Analysts Set New Price Targets
Wall Street research firms have updated their outlooks on the stock in recent weeks. JP Morgan maintained an Overweight rating with a $310 price target on September 2, 2026. Evercore ISI Group kept an Outperform rating and set a $292 price target on the same day. Mizuho maintained an Outperform rating with a $245 target on September 21, 2026. Stifel maintained a Buy rating with a $310 target on October 5, 2026, while Rosenblatt maintained a Neutral rating at a $235 target on October 15, 2026. Overall, the company holds a consensus strong buy rating.
About Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd designs high-speed connectivity chips and networking solutions. Its products support optical and electrical Ethernet connections used in data centers and enterprise networks worldwide.
Bottom Line
Insiders have trimmed holdings while institutional managers continue shifting large blocks of shares. Investors will look toward the upcoming earnings release on November 30, 2026, for further insight into the company's financial trajectory.
Related Filing Alerts
Source: William Joseph Brennan's Form 4 filing on $CRDO (Oct 19, 2026). Written by software, not financial advice. How we make alerts