Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) CEO William Joseph Brennan sold 143,880 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $25.75, for a total transaction of $3,704,910.00. Following the transaction, the chief executive officer now owns 2,529,738 shares of the company’s stock, valued at $65,140,753.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Credo Technology Group Stock Performance
CRDO stock opened at $26.65 on Thursday. Credo Technology Group Holding Ltd has a 52-week low of $13.38 and a 52-week high of $36.80. The company has a market capitalization of $4.40 billion, a P/E ratio of -148.06 and a beta of 2.26. The company has a fifty day moving average price of $30.11 and a 200-day moving average price of $24.94.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Ulland Investment Advisors LLC acquired a new stake in shares of Credo Technology Group in the first quarter valued at about $29,000. Arcadia Investment Management Corp MI bought a new stake in Credo Technology Group in the second quarter valued at approximately $29,000. Fifth Third Bancorp increased its position in Credo Technology Group by 59.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the period. Covestor Ltd raised its holdings in Credo Technology Group by 19,240.0% during the 1st quarter. Covestor Ltd now owns 1,934 shares of the company’s stock worth $41,000 after purchasing an additional 1,924 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Credo Technology Group by 78.1% in the 2nd quarter. CWM LLC now owns 1,355 shares of the company’s stock worth $43,000 after purchasing an additional 594 shares during the period. 80.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
Check Out 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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