We'd be surprised if Credo Technology Group Holding Ltd (NASDAQ:CRDO) shareholders haven't noticed that the President, William Brennan, recently sold US$240k worth of stock at US$15.97 per share. On the bright side, that sale was only 0.4% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Credo Technology Group Holding

The Last 12 Months Of Insider Transactions At Credo Technology Group Holding

Over the last year, we can see that the biggest insider sale was by the Chairman of the Board, Lip-Bu Tan, for US$753k worth of shares, at about US$15.07 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$15.56. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 20% of Lip-Bu Tan's holding.

Credo Technology Group Holding insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Credo Technology Group Holding better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Credo Technology Group Holding

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Credo Technology Group Holding insiders own 22% of the company, worth about US$522m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Credo Technology Group Holding Insiders?

Insiders haven't bought Credo Technology Group Holding stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 2 warning signs for Credo Technology Group Holding and we suggest you have a look.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.