Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) COO Sanjay Gajendra sold 49,361 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $199.21, for a total value of $9,833,204.81. Following the completion of the transaction, the chief operating officer owned 655,000 shares in the company, valued at approximately $130,482,550. The trade was a 7.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sanjay Gajendra also recently made the following trade(s):
- On Thursday, May 7th, Sanjay Gajendra sold 230,639 shares of Astera Labs stock. The shares were sold at an average price of $198.22, for a total transaction of $45,717,262.58.
- On Tuesday, February 17th, Sanjay Gajendra sold 94,971 shares of Astera Labs stock. The stock was sold at an average price of $123.81, for a total value of $11,758,359.51.
Astera Labs Trading Down 1.4%
Shares of Astera Labs stock opened at $204.42 on Wednesday. The firm has a market capitalization of $35.04 billion, a PE ratio of 138.12, a price-to-earnings-growth ratio of 3.42 and a beta of 3.35. The business’s 50-day moving average price is $148.57 and its 200-day moving average price is $155.00. Astera Labs, Inc. has a 12 month low of $81.14 and a 12 month high of $262.90.
Analyst Ratings Changes
ALAB has been the subject of several research reports. Susquehanna upped their price target 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. Loop Capital began coverage on Astera Labs in a research note on Thursday, March 5th. They set a “buy” rating and a $250.00 price objective for the company. Roth Mkm restated a “buy” rating and set a $275.00 price objective on shares of Astera Labs in a research note on Wednesday, May 6th. Barclays upped their price objective 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. Finally, Rothschild & Co Redburn initiated coverage on shares of Astera Labs in a research report on Friday, May 1st. They set a “neutral” rating and a $153.00 target price for the company. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $229.65.
View Our Latest Stock Report on Astera Labs
Trending Headlines about Astera Labs
Here are the key news stories impacting Astera Labs this week:
- Positive Sentiment: Astera Labs was highlighted as a company that could help solve a major AI infrastructure bottleneck, reinforcing its role in high-speed connectivity for AI data centers. Astera Labs (ALAB) Touted To Solve Big AI Bottleneck
- Positive Sentiment: Zacks said demand remains strong for Astera Labs’ Scorpio portfolio, which already contributes more than one-third of revenue and could become the company’s largest product line by 2026. Astera Labs Rides on Strong Scorpio Portfolio: What Lies Ahead?
- Positive Sentiment: Needham raised its price target to $260 from $220 and kept a Buy rating, citing another strong beat-and-raise quarter, which supports bullish sentiment around ALAB. Is Astera Labs. (ALAB) the Best American Semiconductor Stock to Buy According to Analysts?
- Positive Sentiment: The stock was also featured as a potential beneficiary of the AI inference boom, keeping attention on Astera Labs’ growth tied to AI spending. 5 Stocks Positioned to Benefit From the AI Inference Boom (ALAB)
- Neutral Sentiment: Astera Labs announced participation in several upcoming financial conferences, which is a routine investor-relations update and not a major fundamental catalyst. Astera Labs Announces Second Quarter 2026 Financial Conference Participation
- Negative Sentiment: CEO Jitendra Mohan, COO Sanjay Gajendra, and director Stefan A. Dyckerhoff all sold shares in recent pre-arranged 10b5-1 transactions, which can pressure sentiment even though the sales were scheduled in advance. Astera Labs (NASDAQ:ALAB) CEO Jitendra Mohan Sells 139,951 Shares of Stock
- Negative Sentiment: Artisan Mid Cap Fund reduced its holdings in Astera Labs, adding another sign of institutional profit-taking or caution after the stock’s strong run. Here’s Why Artisan Mid Cap Fund Reduced Its Holdings in Astera Labs (ALAB)
Institutional Investors Weigh In On Astera Labs
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after acquiring an additional 101 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Astera Labs during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its position in Astera Labs by 422.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares in the last quarter. Hilltop National Bank increased its position in Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in Astera Labs in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.
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.
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