Credo Technology CFO Daniel W. Fleming Sells $368,733 in Shares
July 14, 2025 – Credo Technology Group Holding Ltd (NASDAQ: CRDO), a prominent player in the technology sector valued at $16.9 billion, announced that its Chief Financial Officer Daniel W. Fleming sold $368,733 worth of ordinary shares on July 10, 2025.
Fleming sold a total of 3,790 shares of Credo Technology, with prices ranging between $96.78 and $97.96 per share. This share sale occurred while the stock price was trading near its 52-week high of $100.55, a level reached after the stock delivered a remarkable 220% return over the past year.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC). According to the filing, these sales were made under a pre-arranged Rule 10b5-1 trading plan, which Fleming adopted on July 1, 2024. This plan allows corporate insiders to sell shares at predetermined times, thereby reducing concerns related to insider trading based on non-public information.
Despite this sale, Fleming retains a significant ownership stake, directly holding 582,428 ordinary shares of Credo Technology Group Holding Ltd.
Company Financial Performance and Outlook
Credo Technology continues to exhibit strong financial performance. Recent quarterly results highlighted a 25.9% increase in revenue, surpassing analysts’ expectations by 6.3%. The company reported non-GAAP earnings per share of $0.35, alongside a robust free cash flow generation of $54.2 million. Credo’s revenue guidance midpoint for the next quarter is projected at $190 million, representing an 11.7% growth quarter-over-quarter.
Financial stability is underscored by the company’s healthy current ratio of 6.62 and minimal debt levels, indicating solid liquidity and financial discipline.
Analyst Recommendations
Several financial analysts have updated their outlooks on Credo Technology in light of its strong performance and market position:
- Stifel raised the stock price target to $80, maintaining a Buy rating due to the company’s robust financial metrics and positive forward guidance.
- Mizuho set a new price target at $98 and maintained an Outperform rating, citing strong growth driven by data center trends.
- TD Cowen increased their price target to $95, labeling Credo a top pick for high-speed connectivity in data center AI applications.
- Noble Capital reiterated an Outperform rating with a $14 price target, emphasizing the company’s attractive valuation relative to peers.
Market Context
The insider sale by CFO Fleming comes at a high point for Credo Technology shares, reflecting both personal portfolio management and confidence in the company’s ongoing growth potential. Investors and market watchers continue to monitor insider trading activities alongside company financials as important indicators for future stock performance.
For investors seeking deeper insights into Credo’s insider trading patterns and detailed valuation analysis, platforms like InvestingPro offer comprehensive research reports covering over 1,400 U.S.-listed stocks.
This article was generated with the support of AI and reviewed by an editor. For more information, see terms and conditions.
Market Snapshot:
- CRDO Stock Price: Approximately $97
- 52-week High: $100.55
- CFO Shares Owned: 582,428
- Recent Revenue Growth: +25.9% QoQ
- Free Cash Flow: $54.2 million
- Analyst Price Targets: $80 – $98
For continued coverage on Credo Technology and other market movers, stay tuned to Investing.com.
