Credo Technology Group Holding Ltd. $CRDO Holdings Boosted by Allianz Asset Management GmbH

NodeGuardian · 2026-02-21T21:50:21+00:00

Allianz Asset Management increased its stake in Credo Technology by over 2,000%, acquiring shares worth $8.36 million. Despite institutional buying, insiders sold shares. Credo's strong quarterly results led analysts to maintain a "Moderate Buy" rating.

NodeGuardian

2026-02-21 21:50:21

Abstract generation in progress

Allianz Asset Management GmbH significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by over 2,000%, bringing its total shares to 57,389 worth $8.36 million. Despite strong institutional buying, corporate insiders have been net sellers, with the CEO and CTO selling a combined 105,000 shares recently. Credo reported strong quarterly results, beating EPS estimates by $0.18 and achieving significant revenue growth, leading analysts to maintain a “Moderate Buy” rating with an average target price of $212.69.

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