Insider Selling: Astera Labs (NASDAQ:ALAB) CEO Sells $16,780,337.91 in Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 91,441 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $183.51, for a total transaction of $16,780,337.91. Following the transaction, the chief executive officer owned 2,170,877 shares of the company’s stock, valued at $398,377,638.27. The trade was a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jitendra Mohan also recently made the following trade(s):

• On Thursday, August 7th, Jitendra Mohan sold 152,517 shares of Astera Labs stock. The shares were sold at an average price of $170.33, for a total transaction of $25,978,220.61.
• On Monday, July 21st, Jitendra Mohan sold 76,258 shares of Astera Labs stock. The shares were sold at an average price of $112.72, for a total transaction of $8,595,801.76.
• On Friday, July 18th, Jitendra Mohan sold 45,755 shares of Astera Labs stock. The shares were sold at an average price of $100.25, for a total transaction of $4,586,938.75.
• On Thursday, July 17th, Jitendra Mohan sold 80,503 shares of Astera Labs stock. The shares were sold at an average price of $94.37, for a total transaction of $7,597,068.11.
• On Thursday, July 10th, Jitendra Mohan sold 11,282 shares of Astera Labs stock. The shares were sold at an average price of $102.46, for a total transaction of $1,155,953.72.
• On Wednesday, July 9th, Jitendra Mohan sold 6,982 shares of Astera Labs stock. The shares were sold at an average price of $100.01, for a total transaction of $698,269.82.
• On Friday, June 20th, Jitendra Mohan sold 52,743 shares of Astera Labs stock. The shares were sold at an average price of $100.86, for a total transaction of $5,319,658.98.
• On Tuesday, June 17th, Jitendra Mohan sold 106,510 shares of Astera Labs stock. The shares were sold at an average price of $94.54, for a total transaction of $10,069,455.40.
• On Thursday, May 29th, Jitendra Mohan sold 14,200 shares of Astera Labs stock. The shares were sold at an average price of $100.00, for a total transaction of $1,420,000.00.

Astera Labs Price Performance

Shares of ALAB stock opened at $179.09 on Friday. The company has a fifty day moving average price of $123.97 and a two-hundred day moving average price of $92.92. The stock has a market cap of $29.77 billion, a P/E ratio of 319.80, a P/E/G ratio of 4.50 and a beta of 1.39. Astera Labs, Inc. has a one year low of $36.85 and a one year high of $199.47.

Astera Labs (NASDAQ:ALAB) last posted its earnings results on Tuesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The company had revenue of $191.93 million during the quarter, compared to analysts’ expectations of $172.46 million. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. Astera Labs’s quarterly revenue was up 149.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. As a group, equities research analysts anticipate that Astera Labs, Inc. will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Astera Labs

Several hedge funds have recently bought and sold shares of ALAB. Oliver Lagore Vanvalin Investment Group bought a new position in Astera Labs in the 2nd quarter valued at about $29,000. Bernard Wealth Management Corp. bought a new position in Astera Labs in the 2nd quarter valued at about $36,000. Clearstead Trust LLC increased its holdings in Astera Labs by 46,100.0% in the 2nd quarter. Clearstead Trust LLC now owns 462 shares of the company’s stock valued at $42,000 after buying an additional 461 shares during the period. Advisors Asset Management Inc. increased its holdings in Astera Labs by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 477 shares of the company’s stock valued at $43,000 after buying an additional 194 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Astera Labs by 141.5% in the 2nd quarter. Manchester Capital Management LLC now owns 483 shares of the company’s stock valued at $44,000 after buying an additional 283 shares during the period. 60.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Astera Labs from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. William Blair assumed coverage on shares of Astera Labs in a research note on Thursday, May 22nd. They set an “outperform” rating for the company. Evercore ISI raised their target price on shares of Astera Labs from $104.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $145.00 price target on shares of Astera Labs and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Roth Capital set a $100.00 price target on shares of Astera Labs and gave the stock a “buy” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.13.

About Astera Labs

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.