Astera Labs (NASDAQ:ALAB) COO Sanjay Gajendra Sells 400,000 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 400,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $290.30, for a total value of $116,120,000.00. Following the transaction, the chief operating officer directly owned 5,064,213 shares in the company, valued at approximately $1,470,141,033.90. The trade was a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 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 Monday, May 18th, Sanjay Gajendra sold 95,444 shares of Astera Labs stock. The stock was sold at an average price of $225.02, for a total value of $21,476,808.88.
• 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 3.9%

Shares of ALAB opened at $318.72 on Wednesday. The firm has a market cap of $54.63 billion, a PE ratio of 215.35, a price-to-earnings-growth ratio of 4.06 and a beta of 3.35. The company’s 50 day simple moving average is $178.09 and its 200-day simple moving average is $161.43. Astera Labs, Inc. has a 12-month low of $84.78 and a 12-month high of $321.99.

Astera Labs (NASDAQ:ALAB) last announced its 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 business had revenue of $308.36 million for the quarter, compared to analyst estimates of $292.19 million. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The company’s revenue for the quarter was up 93.5% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, equities research analysts forecast that Astera Labs, Inc. will post 1.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ALAB shares. Loop Capital started coverage on Astera Labs in a report on Thursday, March 5th. They set a “buy” rating and a $250.00 price target on the stock. Evercore reissued an “outperform” rating and set a $297.00 price target on shares of Astera Labs in a report on Tuesday, May 19th. Susquehanna raised their price target on Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Needham & Company LLC raised their price target on Astera Labs from $220.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of Astera Labs from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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: Astera Labs announced it will host press conferences, live demos, and technical talks at Computex 2026, where it plans to showcase its AI infrastructure connectivity portfolio, including the Scorpio X-Series 320 Lane Smart Fabric Switch, optical connectivity, and COSMOS-enabled validation tools. The event should boost visibility with analysts, customers, and ecosystem partners. Article Title
• Positive Sentiment: Recent coverage highlighted ALAB’s strong stock momentum and cited bullish analyst views, which appears to be reinforcing investor enthusiasm for the company’s AI networking and semiconductor growth story. Article Title
• Neutral Sentiment: Astera Labs was downgraded by Northland Securities from outperform to market perform, which could temper some of the recent optimism but does not by itself indicate a major deterioration in the business outlook.
• Negative Sentiment: Insider selling continues to be notable, including a large COO sale under a 10b5-1 plan and a smaller sale by the general counsel. While preplanned, heavy insider selling can weigh on sentiment because it may suggest executives are taking profits after the stock’s sharp run-up.

Institutional Investors Weigh In On Astera Labs

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after acquiring an additional 101 shares during the period. Reflection Asset Management acquired a new stake in Astera Labs in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC lifted its holdings in Astera Labs by 422.2% in 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 during the period. Hilltop National Bank lifted its position in shares of Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Finally, Aventura Private Wealth LLC acquired a new position in shares of Astera Labs during the 4th quarter worth $33,000. Institutional investors and hedge funds 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.