Astera Labs (NASDAQ:ALAB) COO Sells $116,120,000.00 in Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $290.30, for a total transaction of $116,120,000.00. Following the transaction, the chief operating officer owned 5,064,213 shares in the company, valued at approximately $1,470,141,033.90. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Sanjay Gajendra sold 280,000 shares of Astera Labs stock. The stock was sold at an average price of $249.19, for a total transaction of $69,773,200.00.
• 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 transaction of $45,717,262.58.

Astera Labs Trading Up 7.3%

Shares of ALAB opened at $349.17 on Friday. The firm’s 50-day moving average is $186.48 and its two-hundred day moving average is $163.86. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $354.53. The firm has a market capitalization of $59.85 billion, a P/E ratio of 235.93, a PEG ratio of 4.31 and a beta of 3.35.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their target price on shares of Astera Labs from $236.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Roth Mkm restated a “buy” rating and set a $275.00 target price on shares of Astera Labs in a research report on Wednesday, May 6th. Susquehanna upped their target price on shares of Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada upped their target price on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Astera Labs has an average rating of “Moderate Buy” and an average target price of $233.75.

Hedge Funds Weigh In On Astera Labs

Several institutional investors and hedge funds have recently modified their holdings of ALAB. Assetmark Inc. lifted its stake in shares of Astera Labs by 374.1% during the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after buying an additional 101 shares during the period. Reflection Asset Management purchased a new position in shares of Astera Labs during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Astera Labs by 422.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after buying an additional 152 shares during the period. Hilltop National Bank lifted its stake in shares of Astera Labs by 100.0% during the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, Aventura Private Wealth LLC purchased a new position in shares of Astera Labs during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.

Astera Labs Company Profile

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.