Northland Securities initiated coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $85.00 target price on the stock.
Astera Labs Price Performance
Astera Labs stock opened at $74.19 on Monday. Astera Labs has a 1-year low of $50.61 and a 1-year high of $95.21.
Insider Buying and Selling at Astera Labs
In other news, Director Jack R. Lazar bought 10,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the acquisition, the director now directly owns 165,000 shares in the company, valued at approximately $5,940,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Astera Labs
Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.
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