Key Takeaways
- The Chief Technology Officer of CRDO, Chi Fung Cheng, sold 100 shares (~$16.6 k) on April 16, 2026, leaving him with over 6.1 million shares.
- In the past six months, CRDO insiders have executed 329 sales and zero purchases, offloading roughly 1.6 million shares valued at about $224 million.
- Institutional investors showed mixed sentiment: 439 added shares while 319 reduced holdings, with notable large buys from Corient Private Wealth LLC, BlackRock, and Amundi, and sizable sells from JPMorgan Chase, D.E. Shaw, and Price T Rowe.
- CRDO reported Q3 2026 revenue of $407 million, a 201.5 % year‑over‑year increase.
- Members of Congress traded CRDO five times in the same period, with two purchases and three sales.
- Analyst sentiment is mildly positive: one firm issued a buy‑equivalent “Outperform” rating, while nine analysts gave price targets ranging from $170 to $220, with a median target of $200.
CTO Share Sale
On April 16, 2026, Chi Fung Cheng, the Chief Technology Officer of CRDO, filed an SEC Form 4 indicating the sale of 100 shares of the company’s stock. The transaction was valued at approximately $16,551, based on the prevailing market price at the time. After the sale, Cheng retains 6,107,370 shares, representing virtually no change in his overall ownership percentage (the sale amounted to roughly 0.0 % of his holdings). This modest transaction is part of a broader pattern of insider selling at CRDO observed over the last half‑year.
Overall Insider Trading Trends
Insider activity at CRDO over the past six months has been heavily skewed toward disposals. The company’s executives and directors conducted 329 open‑market transactions, all of which were sales; no insider purchases were recorded during this window. Collectively, these sales amounted to roughly 1.6 million shares, translating to an estimated proceeds figure of $224 million. The absence of any buying activity suggests that insiders, as a group, may be perceiving the current valuation as relatively full or may be diversifying their holdings.
Executive Insider Transactions
A closer look at individual executives reveals the scale of the selling. Chi Fung Cheng (CTO) led the list with 159 sales totaling 644,934 shares, generating about $90.97 million. Yat Tung Lam (COO) followed with 36 sales of 526,360 shares, worth roughly $80.49 million. William Joseph Brennan (President & CEO) executed 119 sales of 319,294 shares for approximately $43.00 million. Other notable contributors include James Laufman (Chief Legal Officer) with two sales of 20,000 shares ($3.14 million), Daniel W. Fleming (CFO) with seven sales of 21,062 shares ($2.80 million), and Sylvia Acevedo with three sales of 4,075 shares ($0.70 million). Smaller trades by other insiders round out the total volume.
Hedge Fund Buying and Selling
Institutional investors displayed divergent strategies. During the most recent quarter, 439 funds added CRDO shares to their portfolios, while 319 decreased their positions. Among the largest additions, Corient Private Wealth LLC boosted its stake by 3,597,318 shares—a staggering +239,024.5 % increase valued at about $517.6 million. BlackRock, Inc. added 3,586,875 shares (+20.5 %) worth roughly $516.1 million, and Amundi increased its holding by 1,554,338 shares (+28,478.2 %) for an estimated $223.7 million. On the selling side, JPMorgan Chase & Co. reduced its position by 1,904,946 shares (-24.7 %), D.E. Shaw & Co. cut 1,680,028 shares (-51.9 %), and Price T Rowe Associates trimmed 1,539,094 shares (-28.8 %). These moves reflect a mix of bullish conviction from some large managers and profit‑taking or risk‑reduction by others.
Revenue Growth
CRDO’s financial performance showed robust momentum. The company reported Q3 2026 revenue of $407 million, marking a year‑over‑year surge of 201.49 %. Such accelerated growth indicates strong demand for CRDO’s products or services and may be driving investor interest despite the notable insider selling pressure. The revenue spike could also be a factor behind the heightened institutional activity observed in the latest quarter.
Congressional Stock Activity
Members of Congress have also engaged with CRDO stock, albeit on a much smaller scale. Over the past six months, five congressional trades were recorded: two purchases and three sales. The limited volume suggests that lawmakers’ interest in CRDO is modest relative to the overall market, but the presence of both buying and selling indicates divergent views among elected officials regarding the stock’s near‑term prospects.
Analyst Ratings Overview
Wall Street coverage of CRDO remains sparse but leans positive. Only one firm has issued a formal rating in the recent period—Mizuho assigned an “Outperform” recommendation on December 2, 2025. No sell ratings have been published by any analyst firm over the same timeframe, indicating a lack of bearish consensus. The solitary buy‑equivalent rating underscores a cautiously optimistic outlook among the analysts who have chosen to comment.
Price Target Summary
Nine analysts have supplied price targets for CRDO within the last six months, with a median target of $200.00. The individual targets span a reasonable range: James Schneider (Goldman Sachs) set $170.00 on April 16, 2026; Mike Genovese (Rosenblatt) proposed $175.00 on April 15, 2026; N. Quinn Bolton (Needham) gave the highest at $220.00 on April 15, 2026; Blayne Curtis (Jefferies) and Christopher Rolland (Susquehanna) both targeted $170.00; Vijay Rakesh (Mizuho) and Suji Desilva (Roth Capital) each aimed for $200.00; while additional contributors offered similar figures. The clustering of targets around $170–$200 reflects analyst confidence that the stock could appreciate from its current level, though the spread also highlights differing assumptions about growth sustainability and valuation multiples.
Disclaimer
This summary is for informational purposes only and does not constitute financial advice. Readers should consult original sources and consider their own risk tolerance before making investment decisions. For more detailed data, refer to Quiver Quantitative’s insider trading, institutional holdings, congressional trading, and analyst forecast dashboards.