Jitendra Mohan Sells 28,737 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 28,737 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $249.62, for a total value of $7,173,329.94. Following the sale, the chief executive officer directly owned 3,789,232 shares in the company, valued at approximately $945,868,091.84. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 18th, Jitendra Mohan sold 111,214 shares of Astera Labs stock. The shares were sold at an average price of $216.89, for a total value of $24,121,204.46.
• On Monday, May 18th, Jitendra Mohan sold 95,444 shares of Astera Labs stock. The shares were sold at an average price of $225.02, for a total value of $21,476,808.88.
• On Thursday, May 7th, Jitendra Mohan sold 139,951 shares of Astera Labs stock. The shares were sold at an average price of $200.16, for a total value of $28,012,592.16.
• On Monday, April 20th, Jitendra Mohan sold 10,188 shares of Astera Labs stock. The shares were sold at an average price of $175.45, for a total value of $1,787,484.60.
• On Friday, April 17th, Jitendra Mohan sold 325,693 shares of Astera Labs stock. The shares were sold at an average price of $172.14, for a total value of $56,064,793.02.
• On Wednesday, April 15th, Jitendra Mohan sold 2,967 shares of Astera Labs stock. The shares were sold at an average price of $174.60, for a total value of $518,038.20.
• On Friday, April 10th, Jitendra Mohan sold 123,750 shares of Astera Labs stock. The shares were sold at an average price of $149.68, for a total value of $18,522,900.00.
• On Tuesday, March 17th, Jitendra Mohan sold 157,500 shares of Astera Labs stock. The shares were sold at an average price of $131.58, for a total value of $20,723,850.00.

Astera Labs Stock Up 3.6%

NASDAQ ALAB opened at $297.84 on Friday. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $298.36. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 201.24, a price-to-earnings-growth ratio of 3.81 and a beta of 3.35. The business’s fifty day moving average is $166.74 and its 200 day moving average is $158.75.

Astera Labs (NASDAQ:ALAB) last announced its earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 93.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, research analysts anticipate that Astera Labs, Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Astera Labs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC increased its position in Astera Labs by 0.5% in the 4th quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock valued at $2,046,000 after buying an additional 57 shares in the last quarter. Perigon Wealth Management LLC increased its position in Astera Labs by 6.2% in the 4th quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company’s stock valued at $208,000 after buying an additional 73 shares in the last quarter. Clearstead Advisors LLC increased its position in Astera Labs by 13.6% in the 3rd quarter. Clearstead Advisors LLC now owns 636 shares of the company’s stock valued at $125,000 after buying an additional 76 shares in the last quarter. Sound Income Strategies LLC increased its position in Astera Labs by 9.2% in the 4th quarter. Sound Income Strategies LLC now owns 902 shares of the company’s stock valued at $164,000 after buying an additional 76 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Astera Labs by 2.6% in the 4th quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company’s stock valued at $546,000 after buying an additional 84 shares in the last quarter. 60.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings raised Astera Labs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. UBS Group assumed coverage on Astera Labs in a report on Tuesday, April 21st. They set a “neutral” rating and a $180.00 target price on the stock. Citigroup lifted their target price on Astera Labs from $200.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. TD Cowen lifted their target price on Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Susquehanna lifted their target price on Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Astera Labs has a consensus rating of “Moderate Buy” and an average target price of $233.75.

Key Astera Labs News

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

• Positive Sentiment: Recent analyst coverage has been constructive, including multiple price-target increases and “buy” recommendations, which has helped extend momentum in ALAB shares.
• Positive Sentiment: Astera Labs has been drawing bullish trader attention, with elevated call option activity and a “Power Inflow” signal suggesting strong buying interest in the stock.
• Positive Sentiment: The company’s latest earnings beat expectations on both revenue and EPS, supporting the case that AI-related demand is translating into rapid growth.
• Neutral Sentiment: Several recent insider sales were disclosed by executives, including the CEO, COO, and general counsel. The company said some of the selling was tied to pre-arranged trading plans and tax withholding on equity vesting, which limits the signal as a fundamental warning.

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.