Jitendra Mohan Sells 90,630 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 90,630 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 1,266,665 shares in the company, valued at $431,109,432.75. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Astera Labs Price Performance

Shares of NASDAQ:ALAB traded down $14.42 on Wednesday, hitting $289.02. The company’s stock had a trading volume of 4,217,656 shares, compared to its average volume of 5,487,682. The company has a 50-day simple moving average of $356.72 and a 200 day simple moving average of $242.75. Astera Labs, Inc. has a 1 year low of $97.89 and a 1 year high of $499.48. The company has a market capitalization of $50.14 billion, a PE ratio of 143.08 and a beta of 3.84.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. The company had revenue of $392.40 million during the quarter, compared to analyst estimates of $360.85 million. Astera Labs had a return on equity of 19.24% and a net margin of 30.74%.Astera Labs’s revenue was up 104.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Astera Labs has set its Q3 2026 guidance at 1.160-1.210 EPS. On average, equities research analysts expect that Astera Labs, Inc. will post 2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALAB has been the subject of a number of research reports. TD Cowen cut their price target on shares of Astera Labs from $425.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Roth Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of Astera Labs in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Northland Securities raised Astera Labs from a “market perform” rating to an “outperform” rating and set a $350.00 target price on the stock in a research note on Monday. Finally, Rothschild & Co Redburn initiated coverage on Astera Labs in a research report on Friday, May 1st. They set a “neutral” rating and a $153.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Astera Labs has an average rating of “Moderate Buy” and an average price target of $333.00.

Hedge Funds Weigh In On Astera Labs

Several institutional investors and hedge funds have recently made changes to their positions in ALAB. Keating Financial Advisory Services Inc. purchased a new position in Astera Labs in the 2nd quarter worth $25,000. Archer Investment Corp purchased a new stake in Astera Labs during the second quarter valued at about $30,000. Transamerica Financial Advisors LLC purchased a new stake in Astera Labs during the second quarter valued at about $35,000. Johnson Financial Group Inc. bought a new position in shares of Astera Labs during the second quarter valued at about $43,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Astera Labs during the second quarter valued at about $43,000. Institutional investors 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.