The cluster is dominated by the COO's large sale, which is the most significant signal. Monitor for any subsequent 8-K filings or earnings pre-announcements that could explain the timing. If the COO continues selling at this pace, it would increase the bearish signal.
Price Chart
Executive Summary
Three CRDO insiders — the CTO, COO, and Chief Legal Officer — sold a combined $6.93M in open-market sales over a one-week window. The COO's $5.24M sale dominates the cluster. While the dollar amount is notable, it represents a modest fraction of the company's market cap and may reflect routine portfolio diversification or 10b5-1 plan activity. The cluster is bearish in direction but moderate in impact given the lack of a concurrent negative corporate event.
Key Financial Metrics
Key Facts
- Three insiders sold shares totaling $6.93M in open-market transactions between Sep 18-25, 2026.
- COO Lam Yat Tung sold 25,500 shares for $5.24M, representing 76% of the total cluster value.
- CTO Cheng Chi Fung sold 27,500 shares across seven trades on Sep 23, totaling $5.31M.
- Chief Legal Officer Laufman James sold 5,000 shares for $925K on Sep 21.
- No 10b5-1 plan designation was noted in the filing data, but the pattern of multiple small trades by the CTO on a single day is consistent with plan-driven selling.
Financial Impact
Total insider sales of $6.93M represent approximately 0.2% of CRDO's market cap (estimated ~$3.5B based on ~$195 share price and ~18M shares outstanding).
Risk Factors
- Insider selling could indicate management's lack of confidence in near-term prospects or valuation.
- The cluster may be purely liquidity-driven (diversification, tax planning) and not predictive of fundamental deterioration.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRDO-1790747560659 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $147.29 | awaiting T+20 | — | $151.15 (−2.62%) |
Oct 21, 2026 5d ago | Insider Cluster | $162.77 | awaiting T+20 | — | $151.15 (−7.14%) |
Oct 14, 2026 12d ago | Insider Cluster | $178.50 | awaiting T+20 | — | $151.15 (+15.32%) |
Oct 13, 2026 13d ago | 144 | $179.23 | awaiting T+20 | — | $151.15 (−15.66%) |
Oct 13, 2026 13d ago | 144 | $198.31 | awaiting T+20 | — | $151.15 (−23.78%) |
Oct 13, 2026 14d ago | Insider Cluster | $179.23 | awaiting T+20 | — | $151.15 (+15.66%) |
Oct 8, 2026 18d ago | 144 | $216.55 | awaiting T+20 | — | $151.15 (−30.20%) |
Oct 5, 2026 21d ago | Insider Cluster | $220.83 | awaiting T+20 | — | $151.15 (+31.55%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (−30.87%) |
Oct 1, 2026 25d ago | Insider Cluster | $218.64 | awaiting T+20 | — | $151.15 (+30.87%) |
US Market Status
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