Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) COO Yat Tung Lam sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $22.12, for a total transaction of $221,200.00. Following the completion of the transaction, the chief operating officer now owns 3,153,738 shares in the company, valued at $69,760,684.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Yat Tung Lam also recently made the following trade(s):
- On Wednesday, April 3rd, Yat Tung Lam sold 153,825 shares of Credo Technology Group stock. The stock was sold at an average price of $22.58, for a total transaction of $3,473,368.50.
- On Monday, March 25th, Yat Tung Lam sold 94,329 shares of Credo Technology Group stock. The shares were sold at an average price of $22.51, for a total value of $2,123,345.79.
- On Tuesday, March 19th, Yat Tung Lam sold 37,733 shares of Credo Technology Group stock. The shares were sold at an average price of $20.02, for a total value of $755,414.66.
- On Monday, March 11th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The shares were sold at an average price of $20.93, for a total value of $209,300.00.
- On Wednesday, February 28th, Yat Tung Lam sold 215,364 shares of Credo Technology Group stock. The stock was 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 stock was sold at an average price of $21.17, for a total value 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 value of $1,043,148.92.
- On Tuesday, February 13th, Yat Tung Lam sold 407 shares of Credo Technology Group stock. The stock was sold at an average price of $22.50, for a total value of $9,157.50.
Credo Technology Group Stock Performance
Credo Technology Group stock opened at $18.59 on Thursday. Credo Technology Group Holding Ltd has a 1 year low of $7.20 and a 1 year high of $23.90. The firm’s 50 day moving average price is $21.46 and its two-hundred day moving average price is $19.18. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -80.83 and a beta of 1.97.
Institutional Trading of Credo Technology Group
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new stake in shares of Credo Technology Group during the first quarter valued at approximately $26,000. Ameritas Investment Partners Inc. acquired a new position in Credo Technology Group during the first quarter valued at $26,000. Advisors Asset Management Inc. lifted its stake in Credo Technology Group by 295.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,841 shares of the company’s stock worth $28,000 after acquiring an additional 1,376 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in Credo Technology Group in the 4th quarter worth about $40,000. Finally, KBC Group NV acquired a new stake in Credo Technology Group during the 4th quarter worth about $43,000. 80.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CRDO has been the subject of several research analyst reports. Craig Hallum increased their target price on shares of Credo Technology Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC increased their price objective on shares of Credo Technology Group from $24.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group raised their price objective on shares of Credo Technology Group from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. TD Cowen upped their target price on Credo Technology Group from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, Mizuho reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Credo Technology Group in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.25.
Get Our Latest Stock Analysis on Credo Technology Group
About Credo Technology Group
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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