Astera Labs (NASDAQ:ALAB) COO Sanjay Gajendra Sells 280,000 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 280,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $249.19, for a total transaction of $69,773,200.00. Following the completion of the sale, the chief operating officer directly owned 615,000 shares of the company’s stock, valued at $153,251,850. This represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjay Gajendra also recently made the following trade(s):

• On Monday, May 18th, Sanjay Gajendra sold 95,444 shares of Astera Labs stock. The stock was sold at an average price of $225.02, for a total transaction of $21,476,808.88.
• On Thursday, May 7th, Sanjay Gajendra sold 49,361 shares of Astera Labs stock. The stock was sold at an average price of $199.21, for a total transaction of $9,833,204.81.
• On Thursday, May 7th, Sanjay Gajendra sold 230,639 shares of Astera Labs stock. The stock was sold at an average price of $198.22, for a total value of $45,717,262.58.

Astera Labs Price Performance

Shares of Astera Labs stock opened at $297.84 on Friday. The business’s 50 day simple moving average is $166.74 and its two-hundred day simple moving average is $158.75. The stock has a market capitalization of $51.05 billion, a P/E ratio of 201.24, a price-to-earnings-growth ratio of 3.81 and a beta of 3.35. Astera Labs, Inc. has a one year low of $84.78 and a one year high of $298.36.

Astera Labs (NASDAQ:ALAB) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $308.36 million for the quarter, compared to analysts’ expectations of $292.19 million. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The business’s quarterly revenue was up 93.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. Sell-side analysts expect that Astera Labs, Inc. will post 1.84 earnings per share for the current fiscal year.

Astera Labs News Summary

Here are the key news stories impacting Astera Labs this week:

• Positive Sentiment: Recent analyst coverage has been constructive, including multiple price-target increases and “buy” recommendations, which has helped extend momentum in ALAB shares.
• Positive Sentiment: Astera Labs has been drawing bullish trader attention, with elevated call option activity and a “Power Inflow” signal suggesting strong buying interest in the stock.
• Positive Sentiment: The company’s latest earnings beat expectations on both revenue and EPS, supporting the case that AI-related demand is translating into rapid growth.
• Neutral Sentiment: Several recent insider sales were disclosed by executives, including the CEO, COO, and general counsel. The company said some of the selling was tied to pre-arranged trading plans and tax withholding on equity vesting, which limits the signal as a fundamental warning.

Hedge Funds Weigh In On Astera Labs

A number of institutional investors have recently bought and sold shares of ALAB. Liontrust Investment Partners LLP lifted its holdings in Astera Labs by 98.7% in the first quarter. Liontrust Investment Partners LLP now owns 105,270 shares of the company’s stock worth $11,538,000 after buying an additional 52,284 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in Astera Labs in the first quarter worth about $49,000. E20 Capital Ltd purchased a new stake in Astera Labs in the first quarter worth about $33,310,000. Silicon Valley Capital Partners lifted its holdings in Astera Labs by 233.3% in the first quarter. Silicon Valley Capital Partners now owns 1,000 shares of the company’s stock worth $110,000 after buying an additional 700 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Astera Labs by 20.1% in the first quarter. Bank of America Corp DE now owns 1,788,232 shares of the company’s stock worth $195,990,000 after buying an additional 299,415 shares during the period. 60.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALAB. Barclays raised their price target on shares of Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Rothschild & Co Redburn began coverage on shares of Astera Labs in a report on Friday, May 1st. They issued a “neutral” rating and a $153.00 price target on the stock. Roth Mkm reissued a “buy” rating and issued a $275.00 price target on shares of Astera Labs in a report on Wednesday, May 6th. TD Cowen raised their price target on shares of Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC raised their price target on shares of Astera Labs from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $233.75.

About Astera Labs

Astera Labs is a fabless semiconductor company that develops connectivity solutions for data center and cloud infrastructure. The firm focuses on addressing signal integrity and link management challenges that arise as server architectures incorporate higher-bandwidth processors and accelerators. Its technology is aimed at improving reliability and performance for high-speed interconnects used in servers, storage systems and compute accelerators.

The company’s product portfolio centers on silicon devices and accompanying firmware and software that enhance and manage high-speed links.