Insider Selling: Astera Labs (NASDAQ:ALAB) COO Sells 280,000 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 280,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $249.19, for a total value of $69,773,200.00. Following the sale, the chief operating officer owned 615,000 shares of the company’s stock, valued at approximately $153,251,850. The trade was a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sanjay Gajendra also recently made the following trade(s):

• On Monday, May 18th, Sanjay Gajendra sold 95,444 shares of Astera Labs stock. The stock was sold at an average price of $225.02, for a total value of $21,476,808.88.
• On Thursday, May 7th, Sanjay Gajendra sold 49,361 shares of Astera Labs stock. The stock was sold at an average price of $199.21, for a total value of $9,833,204.81.
• On Thursday, May 7th, Sanjay Gajendra sold 230,639 shares of Astera Labs stock. The stock was sold at an average price of $198.22, for a total value of $45,717,262.58.

Astera Labs Stock Up 3.6%

Astera Labs stock traded up $10.36 during trading hours on Thursday, reaching $297.84. 6,992,013 shares of the company’s stock were exchanged, compared to its average volume of 6,122,091. The firm’s 50 day simple moving average is $166.74 and its 200 day simple moving average is $158.75. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $298.36. The firm has a market capitalization of $51.05 billion, a PE ratio of 201.24, a PEG ratio of 3.81 and a beta of 3.35.

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

Hedge Funds Weigh In On Astera Labs

Several large investors have recently added to or reduced their stakes in ALAB. Assetmark Inc. lifted its position in shares of Astera Labs by 374.1% during the 3rd quarter. Assetmark Inc. now owns 128 shares of the company’s stock worth $25,000 after buying an additional 101 shares in the last quarter. Reflection Asset Management bought a new position in shares of Astera Labs during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its position in shares of Astera Labs by 422.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after buying an additional 152 shares in the last quarter. Hilltop National Bank lifted its position in shares of Astera Labs by 100.0% during the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock worth $33,000 after buying an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Astera Labs during the 4th quarter worth approximately $33,000. Institutional investors own 60.47% of the company’s stock.

Trending Headlines about Astera Labs

Here are the key news stories impacting Astera Labs this week:

• Positive Sentiment: Recent analyst coverage has been constructive, including multiple price-target increases and “buy” recommendations, which has helped extend momentum in ALAB shares.
• Positive Sentiment: Astera Labs has been drawing bullish trader attention, with elevated call option activity and a “Power Inflow” signal suggesting strong buying interest in the stock.
• Positive Sentiment: The company’s latest earnings beat expectations on both revenue and EPS, supporting the case that AI-related demand is translating into rapid growth.
• Neutral Sentiment: Several recent insider sales were disclosed by executives, including the CEO, COO, and general counsel. The company said some of the selling was tied to pre-arranged trading plans and tax withholding on equity vesting, which limits the signal as a fundamental warning.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their target price on Astera Labs from $165.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada raised their target price on Astera Labs from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Citigroup raised their target price on Astera Labs from $200.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Loop Capital assumed coverage on Astera Labs in a research note on Thursday, March 5th. They issued a “buy” rating and a $250.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. Fifteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.75.

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.