Jack Lazar Sells 7,500 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) Director Jack Lazar sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $119.80, for a total transaction of $898,500.00. Following the completion of the sale, the director directly owned 87,351 shares of the company’s stock, valued at approximately $10,464,649.80. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Astera Labs Price Performance

Astera Labs stock opened at $116.48 on Wednesday. Astera Labs, Inc. has a 12-month low of $47.13 and a 12-month high of $262.90. The stock has a market capitalization of $19.83 billion, a PE ratio of 95.48, a price-to-earnings-growth ratio of 2.41 and a beta of 1.74. The firm has a 50 day simple moving average of $150.84 and a 200-day simple moving average of $169.21.

Astera Labs (NASDAQ:ALAB) last announced its earnings results on Tuesday, February 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 91.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. On average, analysts forecast that Astera Labs, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Astera Labs

A number of hedge funds have recently modified their holdings of ALAB. Assetmark Inc. lifted its holdings in shares of Astera Labs by 374.1% during the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Astera Labs in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC increased its stake in Astera Labs by 422.2% in 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 raised 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 buying an additional 100 shares during the period. Finally, Aventura Private Wealth LLC acquired a new stake in Astera Labs during the 4th quarter worth about $33,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALAB. Wall Street Zen lowered Astera Labs from a “buy” rating to a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada initiated coverage on Astera Labs in a report on Wednesday, January 14th. They set an “outperform” rating and a $225.00 target price on the stock. Barclays set a $165.00 price target on shares of Astera Labs in a research report on Thursday, January 15th. Loop Capital initiated coverage on shares of Astera Labs in a report on Thursday, March 5th. They issued a “buy” rating and a $250.00 price target for the company. Finally, BNP Paribas Exane started coverage on shares of Astera Labs in a research report on Thursday, November 20th. They set an “outperform” rating for the company. Fifteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.89.

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.