Why Credo Technology Group (CRDO) Stock Is Down Today

Credo Technology Group Holding Ltd (CRDO) is down 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely explanation is a mix of profit-taking and valuation pressure rather than a new company-specific shock today. Credo remains a fast-growing AI connectivity name, but the stock has been trading at a premium multiple, and recent insider sale disclosures may still be weighing on sentiment. This could also be because technology shares broadly cooled after a strong run.

Details:

Credo’s most recent quarterly report showed very strong growth, with fiscal first-quarter 2027 revenue rising to $479.0 million and management guiding the next quarter to $525 million to $535 million.

Even with that growth, the company’s latest results also showed lower GAAP net income than the prior quarter and heavier operating expenses, which can make investors more sensitive to valuation.

Recent SEC Form 4 filings disclosed share sales by senior executives under pre-arranged Rule 10b5-1 plans, including a September transaction by Chief Executive Officer Bill Brennan.

No major new company press release appears to explain today’s decline, which points more toward a sentiment-driven pullback tied to valuation, prior earnings digestion, and a softer tone in tech trading.

Sources:

Credo Investor Relations, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CRDO Insider Trading Activity

$CRDO insiders have traded $CRDO stock on the open market 304 times in the past 6 months. Of those trades, 0 have been purchases and 304 have been sales.

Here’s a breakdown of recent trading of $CRDO stock by insiders over the last 6 months:

CHI FUNG CHENG (Chief Technology Officer) has made 0 purchases and 184 sales selling 454,812 shares for an estimated $88,398,028.
YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 57 sales selling 361,439 shares for an estimated $77,263,875.
WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 33 sales selling 86,656 shares for an estimated $14,815,747.
DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 23 sales selling 55,160 shares for an estimated $13,000,005.
JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 4 sales selling 25,000 shares for an estimated $5,005,575.
CLYDE HOSEIN sold 3,451 shares for an estimated $905,283
SYLVIA ACEVEDO sold 2,208 shares for an estimated $465,888
FARIBA DANESH sold 1,100 shares for an estimated $259,979

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CRDO Hedge Fund Activity

We have seen 624 institutional investors add shares of $CRDO stock to their portfolio, and 334 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JENNISON ASSOCIATES LLC added 2,408,196 shares (+974.6%) to their portfolio in Q2 2026, for an estimated $654,908,902
WELLINGTON MANAGEMENT GROUP LLP removed 2,066,529 shares (-60.6%) from their portfolio in Q2 2026, for an estimated $561,992,561
BLACKROCK, INC. removed 2,059,560 shares (-10.4%) from their portfolio in Q2 2026, for an estimated $560,097,342
ALLIANCEBERNSTEIN L.P. removed 1,717,449 shares (-86.5%) from their portfolio in Q2 2026, for an estimated $467,060,255
HRT FINANCIAL LP added 1,387,796 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,411,122
QUBE RESEARCH & TECHNOLOGIES LTD added 1,342,314 shares (+inf%) to their portfolio in Q2 2026, for an estimated $365,042,292
POINT72 ASSET MANAGEMENT, L.P. removed 1,326,467 shares (-17.7%) from their portfolio in Q2 2026, for an estimated $360,732,700

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CRDO Congressional Stock Trading

Members of Congress have traded $CRDO stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/02, 06/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CRDO Analyst Ratings

Wall Street analysts have issued reports on $CRDO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rothschild & Co issued a "Buy" rating on 05/01/2026

To track analyst ratings and price targets for $CRDO, check out Quiver Quantitative's $CRDO forecast page.

$CRDO Price Targets

Multiple analysts have issued price targets for $CRDO recently. We have seen 13 analysts offer price targets for $CRDO in the last 6 months, with a median target of $270.0.

Here are some recent targets:

Vivek Arya from B of A Securities set a target price of $340.0 on 06/23/2026
Mark Lipacis from Evercore ISI Group set a target price of $325.0 on 06/22/2026
Tore Svanberg from Stifel set a target price of $350.0 on 06/22/2026
Blayne Curtis from Jefferies set a target price of $270.0 on 06/02/2026
Suji Desilva from Roth Capital set a target price of $300.0 on 06/02/2026
Joseph Cardoso from JP Morgan set a target price of $250.0 on 06/02/2026
Sean O'Loughlin from TD Cowen set a target price of $260.0 on 06/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.