Pantas Sutardja Sells 1,875 Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd (NASDAQ:CRDO) Director Pantas Sutardja sold 1,875 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $66.96, for a total value of $125,550.00. Following the completion of the sale, the director now owns 5,902,402 shares of the company’s stock, valued at approximately $395,224,837.92. The trade was a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Pantas Sutardja also recently made the following trade(s):

• On Friday, December 20th, Pantas Sutardja sold 21,041 shares of Credo Technology Group stock. The stock was sold at an average price of $68.19, for a total value of $1,434,785.79.

Credo Technology Group Trading Up 0.1 %

CRDO stock opened at $79.64 on Friday. The business’s fifty day moving average price is $70.22 and its 200 day moving average price is $46.85. Credo Technology Group Holding Ltd has a 12-month low of $16.82 and a 12-month high of $86.69. The company has a market capitalization of $13.32 billion, a PE ratio of -530.93 and a beta of 2.09.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRDO shares. Roth Mkm raised their price objective on shares of Credo Technology Group from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen raised their price target on shares of Credo Technology Group from $45.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Mizuho upped their price objective on Credo Technology Group from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Barclays raised their target price on Credo Technology Group from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group upped their price target on Credo Technology Group from $65.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.40.

Institutional Trading of Credo Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of CRDO. Raymond James Financial Inc. purchased a new position in shares of Credo Technology Group in the fourth quarter valued at approximately $27,236,000. Arizona State Retirement System boosted its position in Credo Technology Group by 1.2% in the 4th quarter. Arizona State Retirement System now owns 40,931 shares of the company’s stock valued at $2,751,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Credo Technology Group in the fourth quarter worth $700,000. Charles Schwab Investment Management Inc. increased its position in shares of Credo Technology Group by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,179,726 shares of the company’s stock worth $79,289,000 after acquiring an additional 43,169 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Credo Technology Group in the fourth quarter valued at $4,332,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

About Credo Technology Group

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables.