Key Points
- CEO Jitendra Mohan sold 157,500 shares on March 17 at an average price of $131.58 for about $20.7M, trimming his ownership by 3.36% to 4,531,732 shares (≈$596.3M).
- He also sold 94,971 shares on Feb 17 at $123.81 for roughly $11.76M, meaning disclosed insider sales in Feb–Mar total about $32.48M.
- Astera Labs recently beat quarterly EPS and revenue (revenue up 91.8% year-over-year), set Q1 2026 EPS guidance of $0.530–$0.540, and carries a consensus analyst rating of "Moderate Buy" with an average target of $202.22.
Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) CEO Jitendra Mohan sold 157,500 shares of the business's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $131.58, for a total value of $20,723,850.00. Following the sale, the chief executive officer owned 4,531,732 shares in the company, valued at approximately $596,285,296.56. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Price Performance
NASDAQ:ALAB opened at $126.08 on Friday. Astera Labs, Inc. has a one year low of $47.13 and a one year high of $262.90. The company has a market cap of $21.46 billion, a PE ratio of 103.34, a P/E/G ratio of 2.49 and a beta of 1.74. The firm's 50 day simple moving average is $145.03 and its 200 day simple moving average is $166.64.
Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. Astera Labs had a net margin of 25.70% and a return on equity of 16.12%. The firm had revenue of $270.58 million for the quarter, compared to analyst estimates of $249.46 million. During the same period in the previous year, the firm posted $0.37 EPS. The company'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. Equities research analysts expect that Astera Labs, Inc. will post 0.34 EPS for the current year.
Institutional Trading of Astera Labs
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Astera Labs by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,827,506 shares of the company's stock valued at $2,300,344,000 after purchasing an additional 84,365 shares in the last quarter. State Street Corp lifted its stake in Astera Labs by 32.5% in the fourth quarter. State Street Corp now owns 3,099,809 shares of the company's stock valued at $515,684,000 after buying an additional 760,358 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Astera Labs by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 2,429,078 shares of the company's stock worth $403,598,000 after buying an additional 104,935 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Astera Labs by 25.5% during the 4th quarter. Fred Alger Management LLC now owns 1,934,688 shares of the company's stock worth $321,855,000 after buying an additional 393,250 shares during the period. Finally, Morgan Stanley increased its stake in shares of Astera Labs by 33.0% in the 4th quarter. Morgan Stanley now owns 1,934,467 shares of the company's stock valued at $321,818,000 after acquiring an additional 480,009 shares in the last quarter. 60.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ALAB has been the subject of several analyst reports. BNP Paribas Exane initiated coverage on Astera Labs in a research report on Thursday, November 20th. They set an "outperform" rating for the company. Loop Capital initiated coverage on Astera Labs in a research note on Thursday, March 5th. They issued a "buy" rating and a $250.00 price target for the company. Weiss Ratings downgraded Astera Labs from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 23rd. Morgan Stanley reaffirmed an "overweight" rating and issued a $210.00 price objective on shares of Astera Labs in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada started coverage on shares of Astera Labs in a research report on Wednesday, January 14th. They set an "outperform" rating and a $225.00 target price for the company. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $202.22.
Read Our Latest Stock Report on Astera Labs
Astera Labs Company Profile
(
Get Free Report)
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.
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