Astera Labs (NASDAQ:ALAB) Shares Down 1.5% – Time to Sell?

Astera Labs, Inc. (NASDAQ:ALAB) traded down 1.5% during trading on Thursday . The company traded as low as $338.02 and last traded at $358.05. 3,719,870 shares were traded during mid-day trading, a decline of 33% from the average session volume of 5,529,397 shares. The stock had previously closed at $363.54.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Loop Capital assumed coverage on shares of Astera Labs in a research report on Thursday, March 5th. They issued a “buy” rating and a $250.00 target price on the stock. Morgan Stanley increased their target price on shares of Astera Labs from $210.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 target price on shares of Astera Labs in a research report on Wednesday, May 6th. TD Cowen increased their target price on shares of Astera Labs from $140.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Evercore reaffirmed an “outperform” rating and issued a $297.00 target price on shares of Astera Labs in a research report on Tuesday, May 19th. Twelve research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.75.

Astera Labs Stock Performance

The company has a market capitalization of $61.37 billion, a PE ratio of 241.93, a P/E/G ratio of 4.71 and a beta of 3.95. The company’s 50-day simple moving average is $204.28 and its 200-day simple moving average is $169.07.

Astera Labs (NASDAQ:ALAB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The company had revenue of $308.36 million for the quarter, compared to the consensus estimate of $292.19 million. During the same period last year, the firm posted $0.33 EPS. Astera Labs’s revenue for the quarter was up 93.5% on a year-over-year basis. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. Analysts expect that Astera Labs, Inc. will post 1.84 EPS for the current year.

Insiders Place Their Bets

In other news, COO Sanjay Gajendra sold 400,000 shares of the firm’s stock in a transaction 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 owned 5,064,213 shares in the company, valued at approximately $1,470,141,033.90. This trade represents a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jitendra Mohan sold 325,693 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $172.14, for a total transaction of $56,064,793.02. Following the completion of the sale, the chief executive officer owned 4,079,322 shares of the company’s stock, valued at $702,214,489.08. This trade represents a 7.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,298,757 shares of company stock valued at $472,787,436. Insiders own 10.40% of the company’s stock.

Institutional Trading of Astera Labs

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Astera Labs by 374.1% in the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after acquiring an additional 101 shares during the period. Reflection Asset Management acquired a new stake in shares of Astera Labs in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its stake in shares of Astera Labs by 422.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the period. Hilltop National Bank lifted 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 purchasing an additional 100 shares during the period. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Astera Labs in the fourth quarter valued at about $33,000. Institutional investors and hedge funds 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.