Daniel Fleming, Chief Financial Officer of Credo Technology Group Holding Ltd (CRDO, Financial), executed a sale of 3,790 shares of the company on October 16, 2024, as reported in a recent SEC Filing. Post-transaction, the insider owns 671,420 shares of the company.
Credo Technology Group Holding Ltd (CRDO, Financial) specializes in high-performance serializer-deserializer (SerDes) technology, which is critical for the infrastructure of high-speed networks. The company's products are integral in enabling data to be transmitted efficiently across communication networks.
Over the past year, the insider has sold a total of 255,080 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 94 insider sells and no insider buys over the past year.
On the date of the sale, shares of Credo Technology Group Holding Ltd (CRDO, Financial) were priced at $36.14, leading to a market cap of approximately $6.20 billion.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.76, based on a GF Value of $20.57. The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might draw the attention of current and potential investors, especially considering the stock's current valuation and the ongoing trends in insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
