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

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 400,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $290.30, for a total value of $116,120,000.00. Following the completion of the sale, the chief operating officer directly owned 5,064,213 shares of the company’s stock, valued at approximately $1,470,141,033.90. This represents a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $198.22, for a total transaction of $45,717,262.58.

Astera Labs Trading Up 3.9%

NASDAQ:ALAB traded up $11.84 during mid-day trading on Tuesday, hitting $318.72. The company had a trading volume of 8,097,769 shares, compared to its average volume of 5,548,043. The business has a fifty day simple moving average of $174.13 and a 200-day simple moving average of $160.46. Astera Labs, Inc. has a 1 year low of $84.78 and a 1 year high of $321.99. The firm has a market capitalization of $54.63 billion, a price-to-earnings ratio of 215.35, a PEG ratio of 4.06 and a beta of 3.35.

Astera Labs (NASDAQ:ALAB) last announced its earnings results on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The business had revenue of $308.36 million during the quarter, compared to the consensus estimate of $292.19 million. During the same period in the prior year, the business posted $0.33 earnings per share. Astera Labs’s revenue was up 93.5% compared to the same quarter last year. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, research analysts anticipate that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALAB. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 target price on shares of Astera Labs in a report on Wednesday, May 6th. Stifel Nicolaus boosted their price objective on Astera Labs from $236.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn began coverage on shares of Astera Labs in a research report on Friday, May 1st. They issued a “neutral” rating and a $153.00 target price for the company. Morgan Stanley increased their price objective on Astera Labs from $210.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC upped their price objective on Astera Labs from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Astera Labs has a consensus rating of “Moderate Buy” and a consensus target price of $233.75.

Institutional Investors Weigh In On Astera Labs

Several large investors have recently modified their holdings of the company. Assetmark Inc. boosted its position in Astera Labs by 374.1% during the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Reflection Asset Management acquired a new position in Astera Labs in the fourth quarter valued at $25,000. Smartleaf Asset Management LLC lifted its position in Astera Labs by 422.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after buying an additional 152 shares in the last quarter. Hilltop National Bank grew its stake in shares of Astera Labs by 100.0% in the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Astera Labs in the fourth quarter valued at about $33,000. 60.47% of the stock is owned by institutional investors and hedge funds.

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.