Credo Technology (CRDO) Director Pantas Sells $327K of Stock

Pantas Sutardja, a director at Credo Technology Group Holding Ltd (CRDO), sold 1,540 shares on October 12, 2026, at a price of $212.22 each. This trade amounted to about $326,819. Sutardja's sale was made under a planned trading arrangement.

Other Institutional Activity in Credo Technology Group

Several institutional investors have adjusted their positions in Credo Technology recently. Blackrock Inc. reduced its stake by 2,059,198 shares, holding 17,759,842 shares now, valued at approximately $3.01 billion. Vanguard Portfolio Management LLC also decreased its holdings by 775,674 shares, ending with 8,222,867 shares worth about $1.40 billion. Point72 Asset Management cut its position by 1,326,061 shares, now holding 6,153,132 shares valued at around $1.04 billion.

Credo Technology Group Holding Ltd Stock Down 4.4%

As of October 16, 2026, Credo Technology's shares are trading at about $171.42, which is significantly lower than its 50-day moving average of $208.16 and its 200-day average of $179.89. The stock is currently 44.5% below its 52-week high of $308.67 and remains above its 52-week low of $86.49, reflecting a challenging price environment.

Recent Earnings

Credo Technology reported strong financial performance with trailing twelve-month revenue of approximately $1.59 billion and an earnings per share (EPS) of $2.82. The company has a net margin of 33.8% and a return on equity (ROE) of 30.7%. The next earnings report is expected on November 30, 2026.

Insider Buying and Selling at Credo Technology Group Holding Ltd

In addition to Sutardja's sale, other insiders have also sold shares recently. James L. Laufman, an officer, sold 5,000 shares at $205.00 on October 1, 2026, totaling $1,025,000. Chief Technology Officer Chi Fung Cheng sold 27,500 shares on October 6, 2026, valued at over $6 million, and Chief Financial Officer Daniel W. Fleming sold 7,580 shares on October 8, 2026, worth around $1.61 million.

Analysts Set New Price Targets

On October 5, 2026, Stifel maintained a 'Buy' rating on Credo Technology with a price target of $310. Similarly, JP Morgan and Evercore ISI Group have maintained their ratings of 'Overweight' and 'Outperform' respectively, with targets of $310 and $292. The consensus rating for the stock remains a 'strong buy' with a mean price target of approximately $279.09.

About Credo Technology Group

Credo Technology Group Holding Ltd specializes in high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. The company serves markets in the U.S., Taiwan, Mainland China, and other regions. This insider transaction comes at a time when Credo is navigating a challenging market environment with its stock trading below key moving averages.

Bottom Line

Investors should watch for the upcoming earnings report on November 30, 2026, to see how Credo Technology performs amid current market conditions. The recent insider sales, including Sutardja's, highlight ongoing strategic decisions by the company's leadership as they manage their holdings.