Astera Labs, Inc.’s Quiet Period To Expire on April 29th (NASDAQ:ALAB)

Astera Labs’ (NASDAQ:ALAB) quiet period is set to expire on Monday, April 29th. Astera Labs had issued 19,800,000 shares in its initial public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. During Astera Labs’ quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Astera Labs in a research note on Monday, April 15th. They issued a “buy” rating and a $81.00 price objective on the stock. Roth Mkm started coverage on Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $85.00 price target on the stock. Jefferies Financial Group started coverage on Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $85.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Astera Labs in a research note on Monday, April 15th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Morgan Stanley started coverage on Astera Labs in a research note on Monday, April 15th. They set an “overweight” rating and a $81.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.09.

Astera Labs Stock Performance

ALAB stock opened at $64.49 on Monday. Astera Labs has a 12-month low of $50.61 and a 12-month high of $95.21.

Insider Buying and Selling at Astera Labs

In other news, Director Jack R. Lazar acquired 10,000 shares of Astera Labs stock in a transaction on Friday, March 22nd. The stock was acquired at an average cost of $36.00 per share, with a total value of $360,000.00. Following the completion of the acquisition, the director now owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Astera Labs

An institutional investor recently bought a new position in Astera Labs stock. Allspring Global Investments Holdings LLC bought a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned approximately 0.16% of Astera Labs at the end of the most recent reporting period.

Astera Labs Company Profile

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.