Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) COO Yat Tung Lam sold 94,329 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $22.51, for a total transaction of $2,123,345.79. Following the completion of the transaction, the chief operating officer now owns 912,878 shares of the company’s stock, valued at $20,548,883.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Yat Tung Lam also recently made the following trade(s):
- On Tuesday, March 19th, Yat Tung Lam sold 37,733 shares of Credo Technology Group stock. The stock was sold at an average price of $20.02, for a total transaction of $755,414.66.
- On Monday, March 11th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The stock was sold at an average price of $20.93, for a total transaction of $209,300.00.
- On Wednesday, February 28th, Yat Tung Lam sold 215,364 shares of Credo Technology Group stock. The shares were sold at an average price of $22.92, for a total transaction of $4,936,142.88.
- On Monday, February 26th, Yat Tung Lam sold 140,255 shares of Credo Technology Group stock. The shares were sold at an average price of $22.55, for a total transaction of $3,162,750.25.
- On Thursday, February 22nd, Yat Tung Lam sold 315,601 shares of Credo Technology Group stock. The shares were sold at an average price of $22.93, for a total transaction of $7,236,730.93.
- On Tuesday, February 20th, Yat Tung Lam sold 130,000 shares of Credo Technology Group stock. The shares were sold at an average price of $21.17, for a total transaction of $2,752,100.00.
- On Thursday, February 15th, Yat Tung Lam sold 46,321 shares of Credo Technology Group stock. The shares were sold at an average price of $22.52, for a total transaction of $1,043,148.92.
- On Tuesday, February 13th, Yat Tung Lam sold 407 shares of Credo Technology Group stock. The shares were sold at an average price of $22.50, for a total transaction of $9,157.50.
- On Monday, February 5th, Yat Tung Lam sold 130,000 shares of Credo Technology Group stock. The shares were sold at an average price of $21.33, for a total transaction of $2,772,900.00.
- On Thursday, January 18th, Yat Tung Lam sold 270,980 shares of Credo Technology Group stock. The shares were sold at an average price of $19.14, for a total transaction of $5,186,557.20.
Credo Technology Group Stock Performance
Shares of CRDO stock opened at $21.20 on Thursday. The company’s 50-day simple moving average is $21.43 and its two-hundred day simple moving average is $18.54. Credo Technology Group Holding Ltd has a one year low of $7.20 and a one year high of $23.90.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CRDO. Envestnet Asset Management Inc. purchased a new position in shares of Credo Technology Group in the first quarter worth $332,000. JPMorgan Chase & Co. purchased a new position in shares of Credo Technology Group during the first quarter worth $205,000. Bank of New York Mellon Corp purchased a new position in shares of Credo Technology Group during the first quarter worth $1,748,000. BlackRock Inc. purchased a new position in shares of Credo Technology Group during the first quarter worth $48,844,000. Finally, Vanguard Group Inc. purchased a new position in shares of Credo Technology Group during the first quarter worth $29,191,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.
Analysts Set New Price Targets
CRDO has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Credo Technology Group from $20.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. TheStreet raised shares of Credo Technology Group from a “d+” rating to a “c-” rating in a report on Wednesday, November 29th. Mizuho restated a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Credo Technology Group in a research report on Wednesday, February 28th. Stifel Nicolaus upped their target price on shares of Credo Technology Group from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Credo Technology Group from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.00.
Check Out Our Latest Stock Analysis on Credo Technology Group
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.
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