Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) COO Yat Tung Lam sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $27.69, for a total transaction of $276,900.00. Following the transaction, the chief operating officer now owns 2,885,840 shares in the company, valued at approximately $79,908,909.60. The sale was disclosed in a filing with the SEC, which is available at this link.
Yat Tung Lam also recently made the following trade(s):
- On Monday, August 12th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The shares were sold at an average price of $27.67, for a total value of $276,700.00.
- On Thursday, July 11th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The stock was sold at an average price of $30.62, for a total value of $306,200.00.
Credo Technology Group Stock Performance
Shares of Credo Technology Group stock opened at $27.76 on Tuesday. The firm has a 50-day simple moving average of $29.80 and a two-hundred day simple moving average of $25.10. Credo Technology Group Holding Ltd has a fifty-two week low of $13.38 and a fifty-two week high of $36.80. The company has a market cap of $4.59 billion, a P/E ratio of -154.22 and a beta of 2.26.
Institutional Trading of Credo Technology Group
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Bank of America lifted their target price on Credo Technology Group from $25.00 to $27.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Craig Hallum lifted their price objective on shares of Credo Technology Group from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price objective on shares of Credo Technology Group from $26.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Needham & Company LLC boosted their target price on shares of Credo Technology Group from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Roth Mkm increased their price target on Credo Technology Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Credo Technology Group has a consensus rating of “Moderate Buy” and an average price target of $34.00.
Get Our Latest Analysis on CRDO
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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