Credo Technology Group stock falls 3.38 percent after insider sale

Published on 10/05/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credo Technology Group stock traded at USD 211.24 on October 5, 2026, after a planned insider sale. Fiscal Q1 revenue rose 114.7 percent to USD 479 million.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group (ISIN KYG254571055) was trading at USD 211.24 on Nasdaq on October 5, 2026, down 3.38 percent from the previous close. The session followed a planned insider transaction that put selling pressure on the high-growth semiconductor stock, while its latest quarterly figures continued to show triple-digit revenue expansion.

Planned sale weighs on shares

According to MarketBeat on October 5, 2026, COO Yat Lam sold 50,000 shares on October 1 at an average price of USD 205.22 for total proceeds of USD 10.3 million. The transaction was executed under a pre-arranged Rule 10b5-1 plan and was described as covering tax withholding obligations tied to equity awards.

MarketBeat also reported that CTO Chi Cheng sold 27,500 shares on September 29 at an average price of USD 193.93. These transactions came as the stock traded with a market capitalization of USD 39.4 billion and a volume of 3,273,699 shares on October 5, 2026.

Revenue growth remains the anchor

Credo reported fiscal first-quarter 2027 revenue of USD 479 million, up 114.7 percent year over year and 9.6 percent sequentially, according to Zacks on October 1, 2026. The company has delivered seven consecutive quarters of triple-digit year-over-year revenue growth, but its GAAP gross margin fell to 64.5 percent from 67.4 percent in the year-ago quarter.

The same Zacks report said Credo expects fiscal second-quarter revenue of USD 525 million to USD 535 million, compared with fiscal first-quarter revenue of USD 479 million. That guidance implies a sequential increase of at least 9.6 percent at the lower end and 11.7 percent at the upper end. Management also expects fiscal 2027 revenue to grow more than 85 percent year over year.

Consensus target sits above USD 264

According to MarketBeat on October 1, 2026, eighteen brokerages assigned Credo a Moderate Buy consensus. The group included one Strong Buy, fourteen Buy and three Hold ratings, with an average 12-month price target of USD 264.89. That target lies 25.4 percent above the October 5 price of USD 211.24.

Stock trades below yearly high

Credo was trading at USD 211.24 on Nasdaq on October 5, 2026, with a 52-week range of USD 86.48 to USD 308.67. The current price is 31.6 percent below the yearly high, leaving the stock's valuation sensitive to customer concentration, margin execution and the pace of AI infrastructure spending.