Insider Selling: Astera Labs (NASDAQ:ALAB) COO Sells $30,845,920.50 in Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 90,630 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $340.35, for a total value of $30,845,920.50. Following the completion of the sale, the chief operating officer owned 1,119,038 shares in the company, valued at approximately $380,864,583.30. The trade was a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Gajendra also recently made the following trade(s):

• On Thursday, May 21st, Sanjay Gajendra sold 400,000 shares of Astera Labs stock. The stock was sold at an average price of $290.30, for a total value of $116,120,000.00.

Astera Labs Trading Down 1.9%

Shares of ALAB opened at $284.97 on Friday. The firm has a market capitalization of $49.44 billion, a P/E ratio of 141.07 and a beta of 3.84. Astera Labs, Inc. has a 12-month low of $97.89 and a 12-month high of $499.48. The firm has a fifty day moving average price of $352.70 and a 200-day moving average price of $244.92.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $360.85 million. Astera Labs had a net margin of 30.74% and a return on equity of 19.24%. The business’s revenue for the quarter was up 104.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. Analysts predict that Astera Labs, Inc. will post 2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ALAB shares. Rothschild & Co Redburn assumed 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 on the stock. Citigroup reiterated a “buy” rating on shares of Astera Labs in a report on Wednesday, July 29th. Stifel Nicolaus increased their price objective on Astera Labs from $260.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Bank of America raised their price objective on Astera Labs from $240.00 to $450.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Astera Labs in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Astera Labs presently has a consensus rating of “Moderate Buy” and an average price target of $333.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALAB. Vanguard Group Inc. raised its holdings in shares of Astera Labs by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,827,506 shares of the company’s stock valued at $2,300,344,000 after purchasing an additional 84,365 shares in the last quarter. BlackRock Inc. bought a new position in shares of Astera Labs during the second quarter valued at approximately $6,609,581,000. Atreides Management LP boosted its stake in shares of Astera Labs by 108.9% during the first quarter. Atreides Management LP now owns 3,365,787 shares of the company’s stock valued at $368,890,000 after purchasing an additional 1,754,593 shares in the last quarter. State Street Corp increased its holdings in Astera Labs by 32.5% during the fourth quarter. State Street Corp now owns 3,099,809 shares of the company’s stock valued at $515,684,000 after buying an additional 760,358 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Astera Labs by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,429,078 shares of the company’s stock valued at $403,598,000 after buying an additional 104,935 shares during the period. Hedge funds and other institutional investors own 60.47% of the company’s stock.

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.