Astera Labs (NASDAQ:ALAB) COO Sells $21,476,808.88 in Stock

Astera Labs, Inc. (NASDAQ:ALABGet Free Report) COO Sanjay Gajendra sold 95,444 shares of Astera Labs stock in a transaction on Monday, May 18th. The stock was sold at an average price of $225.02, for a total value of $21,476,808.88. Following the completion of the sale, the chief operating officer directly owned 1,435,857 shares of the company’s stock, valued at approximately $323,096,542.14. The trade was a 6.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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 value of $69,773,200.00.
  • 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 value 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 Trading Up 3.0%

Astera Labs stock opened at $306.88 on Friday. The firm has a market cap of $52.60 billion, a price-to-earnings ratio of 207.35, a PEG ratio of 3.94 and a beta of 3.35. The stock has a fifty day simple moving average of $170.39 and a two-hundred day simple moving average of $159.79. Astera Labs, Inc. has a 12 month low of $84.78 and a 12 month high of $315.81.

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

Key Astera Labs News

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

  • Positive Sentiment: Evercore ISI raised its price target on Astera Labs to $297 from $215 and kept an Outperform rating after updated AI channel checks, reinforcing the market’s view that ALAB is benefiting from strong AI infrastructure demand. Article Title
  • Positive Sentiment: Multiple reports point to momentum from the AI inference boom, with traders and investors buying into the stock after bullish coverage, elevated call activity, and a “golden cross” technical breakout that can attract trend-following buyers. Article Title
  • Positive Sentiment: Recent commentary highlighted Astera Labs as a beneficiary of rising AI infrastructure spending, supporting the stock’s move higher and helping it reach fresh highs. Article Title
  • Neutral Sentiment: Executives including the CEO, COO, and general counsel disclosed large share sales, but several transactions were tied to pre-arranged 10b5-1 plans or tax withholding on equity awards, which makes the selling less conclusive as a bearish signal. Article Title

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALAB. Royal Bank Of Canada raised their price target on Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. UBS Group began coverage on Astera Labs in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $180.00 price target on the stock. Barclays raised their price target on Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. TD Cowen raised their price target on Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.75.

View Our Latest Report on Astera Labs

Institutional Investors Weigh In On Astera Labs

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lido Advisors LLC raised its holdings in Astera Labs by 0.5% during the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock valued at $2,046,000 after acquiring an additional 57 shares during the period. Perigon Wealth Management LLC raised its holdings in Astera Labs by 6.2% during the fourth quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company’s stock valued at $208,000 after acquiring an additional 73 shares during the period. Clearstead Advisors LLC raised its holdings in Astera Labs by 13.6% during the third quarter. Clearstead Advisors LLC now owns 636 shares of the company’s stock valued at $125,000 after acquiring an additional 76 shares during the period. Sound Income Strategies LLC raised its holdings in Astera Labs by 9.2% during the fourth quarter. Sound Income Strategies LLC now owns 902 shares of the company’s stock valued at $164,000 after acquiring an additional 76 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Astera Labs by 2.6% during the fourth quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company’s stock valued at $546,000 after acquiring an additional 84 shares during the period. 60.47% of the stock is owned by institutional investors.

Astera Labs Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Astera Labs (NASDAQ:ALAB)

Receive News & Ratings for Astera Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astera Labs and related companies with MarketBeat.com's FREE daily email newsletter.