Astera Labs (NASDAQ:ALAB) CEO Jitendra Mohan Sells 157,500 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 157,500 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $131.58, for a total transaction of $20,723,850.00. Following the sale, the chief executive officer owned 4,531,732 shares of the company’s stock, valued at approximately $596,285,296.56. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, February 17th, Jitendra Mohan sold 94,971 shares of Astera Labs stock. The shares were sold at an average price of $123.81, for a total transaction of $11,758,359.51.

Astera Labs Stock Down 0.2%

Shares of ALAB stock opened at $126.08 on Friday. Astera Labs, Inc. has a 12-month low of $47.13 and a 12-month high of $262.90. The firm has a 50 day moving average price of $145.03 and a two-hundred day moving average price of $166.64. The company has a market capitalization of $21.46 billion, a PE ratio of 103.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.74.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. Astera Labs had a return on equity of 16.12% and a net margin of 25.70%.The business had revenue of $270.58 million during the quarter, compared to analysts’ expectations of $249.46 million. During the same period last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 91.8% compared to the same quarter last year. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. As a group, research analysts expect that Astera Labs, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on ALAB. Morgan Stanley reaffirmed an “overweight” rating and set a $210.00 price target on shares of Astera Labs in a research report on Wednesday, December 3rd. Northland Securities increased their target price on shares of Astera Labs from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Astera Labs in a research report on Wednesday, December 3rd. Loop Capital began coverage on Astera Labs in a research report on Thursday, March 5th. They set a “buy” rating and a $250.00 price target on the stock. Finally, BNP Paribas Exane started coverage on Astera Labs in a report on Thursday, November 20th. They issued an “outperform” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $202.22.

Institutional Investors Weigh In On Astera Labs

A number of large investors have recently modified their holdings of the business. Lido Advisors LLC boosted its stake in Astera Labs by 0.5% in the fourth quarter. Lido Advisors LLC now owns 12,297 shares of the company’s stock valued at $2,046,000 after buying an additional 57 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Astera Labs by 6.2% in the 4th quarter. Perigon Wealth Management LLC now owns 1,252 shares of the company’s stock valued at $208,000 after purchasing an additional 73 shares during the last quarter. Clearstead Advisors LLC boosted its position in Astera Labs by 13.6% in the third quarter. Clearstead Advisors LLC now owns 636 shares of the company’s stock valued at $125,000 after buying an additional 76 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Astera Labs by 9.2% during the fourth quarter. Sound Income Strategies LLC now owns 902 shares of the company’s stock worth $164,000 after buying an additional 76 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Astera Labs by 2.6% in the 4th quarter. Venturi Wealth Management LLC now owns 3,284 shares of the company’s stock valued at $546,000 after acquiring an additional 84 shares during the last quarter. 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.