Credo Know-how Group Holding Ltd (NASDAQ:CRDO – Get Score) CEO William Joseph Brennan offered 15,000 shares of the agency’s inventory in a transaction on Wednesday, January 18th. The inventory was offered at a mean worth of $14.93, for a complete worth of $223,950.00. Following the completion of the transaction, the chief government officer now immediately owns 4,245,000 shares of the corporate’s inventory, valued at $63,377,850. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is obtainable via the SEC web site.
Credo Know-how Group Inventory Up 3.7 %
Shares of CRDO inventory traded up $0.54 on Friday, reaching $15.00. The corporate’s inventory had a buying and selling quantity of 1,334,181 shares, in comparison with its common quantity of 1,087,014. Credo Know-how Group Holding Ltd has a 12-month low of $8.61 and a 12-month excessive of $18.00. The corporate has a market capitalization of $2.20 billion and a P/E ratio of -250.00. The inventory’s 50 day easy transferring common is $14.00 and its 200-day easy transferring common is $13.30.
Credo Know-how Group (NASDAQ:CRDO – Get Score) final issued its quarterly earnings knowledge on Wednesday, November thirtieth. The corporate reported $0.02 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.03 by ($0.01). Credo Know-how Group had a optimistic return on fairness of two.61% and a adverse internet margin of 5.34%. The enterprise had income of $51.37 million throughout the quarter, in comparison with analysts’ expectations of $50.50 million. Analysis analysts anticipate that Credo Know-how Group Holding Ltd will publish 0.03 EPS for the present 12 months.
Institutional Traders Weigh In On Credo Know-how Group
Plenty of institutional buyers and hedge funds have just lately made modifications to their positions in CRDO. Royal Financial institution of Canada bought a brand new stake in shares of Credo Know-how Group within the first quarter price $26,000. Ameritas Funding Companions Inc. bought a brand new stake in Credo Know-how Group throughout the first quarter valued at about $26,000. IFP Advisors Inc bought a brand new stake in Credo Know-how Group throughout the third quarter valued at about $27,000. Targeted Wealth Administration Inc bought a brand new stake in Credo Know-how Group throughout the third quarter valued at about $53,000. Lastly, UBS Group AG bought a brand new stake in Credo Know-how Group throughout the first quarter valued at about $69,000. Hedge funds and different institutional buyers personal 40.46% of the corporate’s inventory.
Analysts Set New Value Targets
Individually, Needham & Firm LLC raised their worth goal on Credo Know-how Group from $15.00 to $18.00 and gave the inventory a “purchase” ranking in a report on Thursday, December 1st. Eight analysts have rated the inventory with a purchase ranking, In response to MarketBeat.com, the inventory presently has a consensus ranking of “Purchase” and a mean worth goal of $19.38.
Credo Know-how Group Firm Profile
Credo Know-how Group Holding Ltd gives numerous high-speed connectivity options for optical and electrical Ethernet functions in the USA, Mexico, Mainland China, Hong Kong, and internationally. Its merchandise embody built-in circuits, energetic electrical cables, and SerDes chiplets which can be primarily based on its serializer/deserializer and digital sign processor applied sciences.
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