Sanjay Gajendra Sells 400,000 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 400,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $290.30, for a total transaction of $116,120,000.00. Following the sale, the chief operating officer directly owned 5,064,213 shares of the company’s stock, valued at approximately $1,470,141,033.90. The trade was a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Sanjay Gajendra sold 280,000 shares of Astera Labs stock. The shares were sold at an average price of $249.19, for a total transaction of $69,773,200.00.
• On Monday, May 18th, Sanjay Gajendra sold 95,444 shares of Astera Labs stock. The shares were sold at an average price of $225.02, for a total transaction of $21,476,808.88.
• On Thursday, May 7th, Sanjay Gajendra sold 49,361 shares of Astera Labs stock. The shares were sold at an average price of $199.21, for a total transaction of $9,833,204.81.
• On Thursday, May 7th, Sanjay Gajendra sold 230,639 shares of Astera Labs stock. The shares were sold at an average price of $198.22, for a total transaction of $45,717,262.58.

Astera Labs Stock Performance

ALAB stock opened at $325.33 on Thursday. The firm has a market cap of $55.76 billion, a price-to-earnings ratio of 219.82, a PEG ratio of 4.22 and a beta of 3.35. The firm has a 50-day simple moving average of $182.05 and a two-hundred day simple moving average of $162.57. Astera Labs, Inc. has a one year low of $84.78 and a one year high of $326.97.

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

Analysts Set New Price Targets

Several equities analysts recently commented on ALAB shares. Citigroup lowered shares of Astera Labs from a “buy” rating to a “market perform” rating in a research report on Tuesday. Royal Bank Of Canada increased their price target on shares of Astera Labs from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. UBS Group assumed coverage on shares of Astera Labs in a research report on Tuesday, April 21st. They set a “neutral” rating and a $180.00 price target for the company. Susquehanna raised their price target on shares of Astera Labs from $155.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $270.00 price target on shares of Astera Labs in a research report on Wednesday, May 6th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.75.

Hedge Funds Weigh In On Astera Labs

A number of institutional investors have recently bought and sold shares of ALAB. Royal Bank of Canada grew its stake in shares of Astera Labs by 167.3% during the 1st quarter. Royal Bank of Canada now owns 152,453 shares of the company’s stock worth $9,097,000 after purchasing an additional 95,409 shares during the period. AQR Capital Management LLC grew its stake in shares of Astera Labs by 213.4% during the 1st quarter. AQR Capital Management LLC now owns 11,391 shares of the company’s stock worth $680,000 after purchasing an additional 7,756 shares during the period. Empowered Funds LLC grew its stake in shares of Astera Labs by 917.3% during the 1st quarter. Empowered Funds LLC now owns 4,639 shares of the company’s stock worth $277,000 after purchasing an additional 4,183 shares during the period. First Trust Advisors LP grew its stake in shares of Astera Labs by 102.0% during the 2nd quarter. First Trust Advisors LP now owns 112,766 shares of the company’s stock worth $10,196,000 after purchasing an additional 56,952 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Astera Labs by 54.9% during the 2nd quarter. Brown Advisory Inc. now owns 5,581 shares of the company’s stock worth $505,000 after purchasing an additional 1,977 shares during the period. 60.47% of the stock is owned by hedge funds and other institutional investors.

More Astera Labs News

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

• Positive Sentiment: Astera Labs announced it will host press conferences, live demos, and technical talks at Computex 2026, where it plans to showcase its AI connectivity portfolio, including the Scorpio X-Series 320 Lane Smart Fabric Switch, optical connectivity, and COSMOS-enabled validation tools. The event should help support visibility with analysts, customers, and ecosystem partners. Article Title
• Positive Sentiment: The company’s recent conference presentation at TD Cowen and broader analyst attention keep the focus on Astera Labs’ AI infrastructure growth story and product roadmap. Article Title
• Neutral Sentiment: Northland Securities downgraded ALAB from outperform to market perform, which may cap some near-term enthusiasm but does not signal a major change in the company’s fundamentals.
• Negative Sentiment: Insider selling remains a notable overhang, including COO Sanjay Gajendra’s large prearranged sale of 400,000 shares and General Counsel Philip Mazzara’s sale of 796 shares. Even though these trades were disclosed and one was made under a 10b5-1 plan, heavy insider selling can weigh on investor sentiment. Article Title

Astera Labs Company Profile

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.