Both the CFO and CTO sold shares in open-market transactions without a disclosed 10b5-1 plan, which is a bearish signal. Monitor for any upcoming earnings pre-announcement or material news that may have prompted the selling. The cluster's size relative to market cap is significant, and the lack of plan disclosure increases the information content.
Price Chart
Executive Summary
Two C-suite insiders at Credo Technology Group (CFO and CTO) sold a combined $1.13M in open-market sales over a 7-day window. The CFO sold 7,580 shares across five transactions at ~$211-$215, and the CTO sold 3,800 shares at ~$202. This is a material cluster of selling by top executives, with total value representing ~0.35% of the company's $326M market cap — a modest but notable signal.
Key Financial Metrics
Key Facts
- CFO Daniel W. Fleming sold 7,580 shares in five open-market transactions on 2026-10-08, totaling ~$1.61M (corrected: 1,711+2,222+1,687+888+1,072 = 7,580 shares; value $363K+$474K+$356K+$191K+$230K = $1.61M).
- CTO Chi Fung Cheng sold 3,800 shares on 2026-10-12 at ~$201.84, totaling $765K.
- Total insider sales value: ~$2.38M (CFO $1.61M + CTO $765K).
- No 10b5-1 plan indication was noted for any of the sales.
- Sales represent ~0.73% of the company's $326M market cap, exceeding the 0.5% threshold for significant insider selling.
Financial Impact
Total insider sales of ~$2.38M, representing ~0.73% of market cap.
Risk Factors
- Insider selling by both CFO and CTO may signal management's lack of confidence in near-term prospects.
- No 10b5-1 plan disclosed increases the likelihood of opportunistic selling ahead of potential negative news.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1792009698914 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $147.29 | awaiting T+20 | — | $147.29 (+0.00%) |
Oct 21, 2026 5d ago | Insider Cluster | $162.77 | awaiting T+20 | — | $147.29 (−9.51%) |
Oct 14, 2026 12d ago | Insider Cluster | $178.50 | awaiting T+20 | — | $147.29 (+17.48%) |
Oct 13, 2026 13d ago | 144 | $179.23 | awaiting T+20 | — | $147.29 (−17.82%) |
Oct 13, 2026 13d ago | 144 | $198.31 | awaiting T+20 | — | $147.29 (−25.73%) |
Oct 13, 2026 14d ago | Insider Cluster | $179.23 | awaiting T+20 | — | $147.29 (+17.82%) |
Oct 8, 2026 18d ago | 144 | $216.55 | awaiting T+20 | — | $147.29 (−31.98%) |
Oct 5, 2026 21d ago | Insider Cluster | $220.83 | awaiting T+20 | — | $147.29 (+33.30%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $147.29 (−32.63%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $147.29 (+32.63%) |
US Market Status
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