Astera Labs (NASDAQ:ALAB) CEO Jitendra Mohan Sells 90,630 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 90,630 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $340.35, for a total value of $30,845,920.50. Following the transaction, the chief executive officer owned 1,266,665 shares in the company, valued at approximately $431,109,432.75. The trade was a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Astera Labs Price Performance

Astera Labs stock traded down $14.42 during trading hours on Wednesday, reaching $289.02. The company had a trading volume of 4,217,656 shares, compared to its average volume of 5,487,682. Astera Labs, Inc. has a 12-month low of $97.89 and a 12-month high of $499.48. The company has a 50-day moving average price of $356.72 and a 200 day moving average price of $242.75. The firm has a market cap of $50.14 billion, a price-to-earnings ratio of 143.08 and a beta of 3.84.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Astera Labs had a return on equity of 19.24% and a net margin of 30.74%.The firm had revenue of $392.40 million during the quarter, compared to analyst estimates of $360.85 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 104.5% compared to the same quarter last year. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. As a group, research analysts expect that Astera Labs, Inc. will post 2.7 earnings per share for the current year.

Analyst Ratings Changes

ALAB has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Astera Labs from $205.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Astera Labs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group reissued a “neutral” rating and issued a $425.00 target price on shares of Astera Labs in a research note on Wednesday, August 5th. Finally, Susquehanna raised their target price on Astera Labs from $230.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.00.

Institutional Trading of Astera Labs

Several large investors have recently bought and sold shares of ALAB. Glenmede Trust Co. NA lifted its stake in shares of Astera Labs by 2.7% in the 1st quarter. Glenmede Trust Co. NA now owns 1,909 shares of the company’s stock valued at $209,000 after purchasing an additional 51 shares during the period. Keating Financial Advisory Services Inc. purchased a new stake in Astera Labs in the second quarter worth $25,000. Lido Advisors LLC grew its stake in Astera Labs by 0.5% in the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock worth $2,046,000 after purchasing an additional 57 shares during the period. Archer Investment Corp bought a new position in Astera Labs in the second quarter worth $30,000. Finally, Transamerica Financial Advisors LLC bought a new position in Astera Labs in the second quarter worth $35,000. 60.47% of the stock is owned by institutional investors.

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.