Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) Director Lip Bu Tan sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $30.50, for a total transaction of $4,575,000.00. Following the sale, the director now owns 2,638,725 shares in the company, valued at approximately $80,481,112.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lip Bu Tan also recently made the following trade(s):
- On Monday, September 30th, Lip Bu Tan sold 13,820 shares of Credo Technology Group stock. The stock was sold at an average price of $31.12, for a total value of $430,078.40.
- On Monday, July 15th, Lip Bu Tan sold 245,438 shares of Credo Technology Group stock. The shares were sold at an average price of $32.67, for a total transaction of $8,018,459.46.
- On Friday, July 12th, Lip Bu Tan sold 12,845 shares of Credo Technology Group stock. The shares were sold at an average price of $31.51, for a total value of $404,745.95.
- On Wednesday, July 10th, Lip Bu Tan sold 6,110 shares of Credo Technology Group stock. The stock was sold at an average price of $31.33, for a total transaction of $191,426.30.
- On Monday, July 8th, Lip Bu Tan sold 112,441 shares of Credo Technology Group stock. The stock was sold at an average price of $31.99, for a total value of $3,596,987.59.
- On Friday, July 5th, Lip Bu Tan sold 45,476 shares of Credo Technology Group stock. The shares were sold at an average price of $31.76, for a total transaction of $1,444,317.76.
Credo Technology Group Price Performance
CRDO stock opened at $30.89 on Friday. Credo Technology Group Holding Ltd has a 12 month low of $13.38 and a 12 month high of $36.80. The firm has a 50 day simple moving average of $29.56 and a 200 day simple moving average of $25.83. The firm has a market cap of $5.10 billion, a PE ratio of -171.61 and a beta of 2.24.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Credo Technology Group from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Needham & Company LLC boosted their target price on shares of Credo Technology Group from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Roth Mkm increased their price target on Credo Technology Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. TD Cowen upgraded shares of Credo Technology Group to a “strong-buy” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group lifted their target price on Credo Technology Group from $26.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.
Read Our Latest Report on Credo Technology Group
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in Credo Technology Group by 59.3% in the 2nd quarter. Fifth Third Bancorp now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 400 shares in the last quarter. CWM LLC grew its holdings in Credo Technology Group by 78.1% during the second quarter. CWM LLC now owns 1,355 shares of the company’s stock valued at $43,000 after purchasing an additional 594 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Credo Technology Group in the 2nd quarter worth $29,000. Advisors Asset Management Inc. increased its stake in shares of Credo Technology Group by 47.6% in the first quarter. Advisors Asset Management Inc. now owns 3,811 shares of the company’s stock worth $81,000 after purchasing an additional 1,229 shares during the period. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of Credo Technology Group during the second quarter worth approximately $51,000. 80.46% of the stock is owned by institutional investors and hedge funds.
Credo Technology Group Company Profile
Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP.
Featured Stories
- Five stocks we like better than Credo Technology Group
- When to Sell a Stock for Profit or Loss
- When Is the Best Time to Invest in Mutual Funds?
- How to Invest in Small Cap StocksĀ
- Is NVIDIA Stock in a Correction or Consolidation?
- Following Congress Stock Trades
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Credo Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credo Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.