CREDO Technology Holding’s Q1 Earnings and Market Activity Overview
CREDO Technology Holding ($CRDO) will release its quarterly earnings on June 2nd after market close, according to Finnhub. Revenue is projected at $163,358,100, with earnings anticipated at $0.28 per share.
Insider Trading Activity at CREDO Technology Holding
In the past six months, insiders have conducted 178 trades of $CRDO stock—none were purchases, while 178 were sales.
Here is a summary of recent insider trading:
- Yat Tung Lam (COO) sold 820,000 shares for approximately $57,253,958 in 59 sales.
- Lip Bu Tan sold 750,000 shares for around $55,678,983 in 15 sales.
- Chi Fung Cheng (CTO) sold 1,010,000 shares for about $53,555,731 in 81 sales.
- William Joseph Brennan (CEO) sold 302,760 shares for approximately $15,882,376 in nine sales.
- Daniel W. Fleming (CFO) sold 40,162 shares for about $1,998,472 in eight sales.
- Pantas Sutardja sold 24,791 shares for approximately $1,646,515 in three sales.
- Sylvia Acevedo sold 32,291 shares for around $1,343,628.
- James Laufman (CLO, Secretary) sold 18,000 shares for about $1,075,220 in two sales.
Hedge Fund Activity Surrounding CREDO Technology Holding
In the latest quarter, 260 institutional investors increased their positions in CREDO Technology Holding, while 215 reduced theirs.
Notable transactions include:
- JPMorgan Chase & Co. cut 5,265,795 shares (-52.5%) valued at approximately $211,474,327.
- Point72 Asset Management added 3,112,911 shares (+100.9%) worth about $125,014,505.
- BlackRock Inc. decreased positions by 2,485,801 shares (-14.2%), totaling around $99,829,768.
- Citadel Advisors added 2,203,416 shares (+154.5%) valued at approximately $88,489,186.
- Neuberger Berman Group LLC increased holdings by 1,953,078 shares (+192.1%), worth about $78,435,612.
- William Blair Investment Management removed 1,876,758 shares (-100.0%), valued at around $75,370,601.
- Norges Bank added 1,744,412 shares (+inf%), totaling approximately $117,241,930.
Congressional Trading of CREDO Technology Holdings Stock
In the last six months, Congress members executed 7 trades of $CRDO stock, including 3 purchases and 4 sales.
Analyst Ratings for CREDO Technology Holdings
Analysts have provided insights into $CRDO, with two firms issuing buy ratings and none providing sell ratings.
Recent ratings include:
- Barclays issued an “Overweight” rating on April 22, 2025.
- Bank of America Securities set a “Buy” rating on December 3, 2024.
CREDO Technology Holding Price Targets
Four analysts have recently set price targets for $CRDO, with a median target of $82.5.
Recent targets include:
- Tom O’Malley from Barclays: $70.0 on April 22, 2025.
- Vijay Rakesh from Mizuho Securities: $85.0 on January 10, 2025.
- Tore Svanberg from Stifel Nicolaus: $85.0 on January 8, 2025.
- Christopher Rolland from Susquehanna: $80.0 on December 17, 2024.
This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. There could be inaccuracies due to ticker-mapping issues or other anomalies.
The views expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
