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Credo Technology Group (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 27,500 Shares of Stock
Credo Technology Group’s CTO, Chi Fung Cheng, sold 27,500 shares of CRDO stock for $3.234 million on March 11th, reducing his position by 0.44% but still holding over 6 million shares. This sale is part of a series of insider sales since December. Despite the insider selling, Credo recently reported strong earnings, with EPS of $1.07 and revenue of $407 million, exceeding analyst expectations, and the stock maintains a “Buy” consensus rating with a target price of $206.33.