Astera Labs (NASDAQ:ALAB) COO Sanjay Gajendra Sells 90,630 Shares

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 90,630 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $340.35, for a total transaction of $30,845,920.50. Following the completion of the sale, the chief operating officer owned 1,119,038 shares of the company’s stock, valued at approximately $380,864,583.30. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $116,120,000.00.

Astera Labs Stock Performance

Astera Labs stock traded down $14.42 during midday trading on Wednesday, hitting $289.02. 4,217,656 shares of the company’s stock were exchanged, compared to its average volume of 5,487,682. The stock has a market cap of $50.14 billion, a price-to-earnings ratio of 143.08 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’s 50 day simple moving average is $356.72 and its 200 day simple moving average is $242.75.

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

Analysts Set New Price Targets

ALAB has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Astera Labs from $260.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their target price on Astera Labs from $205.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group upped their price target on Astera Labs from $270.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Susquehanna upped their price target on Astera Labs from $230.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating and set a $297.00 price target on shares of Astera Labs in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.00.

Institutional Investors Weigh In On Astera Labs

A number of hedge funds have recently added to or reduced their stakes in ALAB. Glenmede Trust Co. NA raised its position in shares of Astera Labs by 2.7% in the first quarter. Glenmede Trust Co. NA now owns 1,909 shares of the company’s stock valued at $209,000 after buying an additional 51 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in Astera Labs during the second quarter worth approximately $25,000. Lido Advisors LLC boosted its position in Astera Labs by 0.5% during the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock worth $2,046,000 after acquiring an additional 57 shares during the last quarter. Archer Investment Corp purchased a new stake in Astera Labs in the 2nd quarter worth approximately $30,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Astera Labs in the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds 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.