Astera Labs (NASDAQ:ALAB) CEO Sells $20,723,850.00 in Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 157,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $131.58, for a total value of $20,723,850.00. Following the completion of the transaction, the chief executive officer owned 4,531,732 shares in the company, valued at approximately $596,285,296.56. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jitendra Mohan also recently made the following trade(s):

• On Tuesday, February 17th, Jitendra Mohan sold 94,971 shares of Astera Labs stock. The shares were sold at an average price of $123.81, for a total value of $11,758,359.51.

Astera Labs Price Performance

NASDAQ:ALAB opened at $116.04 on Friday. The company has a market capitalization of $19.75 billion, a P/E ratio of 95.11, a P/E/G ratio of 2.28 and a beta of 1.74. The business has a fifty day simple moving average of $144.10 and a two-hundred day simple moving average of $166.13. Astera Labs, Inc. has a 1 year low of $47.13 and a 1 year high of $262.90.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $270.58 million for the quarter, compared to analysts’ expectations of $249.46 million. Astera Labs had a return on equity of 16.12% and a net margin of 25.70%.The business’s revenue for the quarter was up 91.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. As a group, analysts anticipate that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its holdings in shares of Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after buying an additional 101 shares in the last quarter. Reflection Asset Management purchased a new position in Astera Labs during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 152 shares in the last quarter. Hilltop National Bank increased its holdings 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 acquiring an additional 100 shares during the period. Finally, Aventura Private Wealth LLC bought a new stake in Astera Labs during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 60.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALAB. Morgan Stanley reiterated an “overweight” rating and set a $210.00 target price on shares of Astera Labs in a research report on Wednesday, December 3rd. Barclays set a $165.00 price target on shares of Astera Labs in a research report on Thursday, January 15th. Jefferies Financial Group restated a “buy” rating on shares of Astera Labs in a research note on Wednesday, December 3rd. Weiss Ratings downgraded shares of Astera Labs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Finally, Royal Bank Of Canada started coverage on shares of Astera Labs in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $225.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.22.

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.