Credo Technology's Co-Founder and CTO Sold Nearly 30,000 Shares Worth $6.1 Million. What Does That Mean for Investors?
The connectivity provider for data center infrastructure reported a notable insider sale following a 134% increase in its stock price over the past year.
Overview
Chi Fung Lawrence Cheng, Chief Technology Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), reported a sale of 27,500 ordinary shares on July 21, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($222.34); post-transaction value based on July 21, 2026 market close ($223.87).
Details
Credo Technology Group is a semiconductor specialist sporting a market cap of $42.6 billion, with a net profit margin of 36.4%. The company maintains a lean operational footprint of 807 employees while delivering advanced connectivity solutions that address the critical infrastructure requirements of modern data centers and high-speed networking environments.
Source
Originally published at www.fool.com.