Astera Labs (NASDAQ:ALAB) COO Sanjay Gajendra Sells 49,361 Shares

May 12, 2026 by InsiderTrades.com

Key Points

Astera Labs COO Sanjay Gajendra sold 49,361 shares on May 7 at an average price of $199.21, totaling about $9.83 million. The sale was made under a pre-arranged Rule 10b5-1 plan.
After the transaction, Gajendra still directly owned 655,000 shares valued at about $130.5 million, though the sale reduced his ownership by 7.01%.
Astera Labs recently reported strong quarterly results, beating earnings and revenue estimates, while analysts remain broadly positive with an average “Moderate Buy” rating and a $229.65 price target.

Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) COO Sanjay Gajendra sold 49,361 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $199.21, for a total value of $9,833,204.81. Following the sale, the chief operating officer directly owned 655,000 shares of the company's stock, valued at $130,482,550. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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.
On Tuesday, February 17th, Sanjay Gajendra sold 94,971 shares of Astera Labs stock. The stock was sold at an average price of $123.81, for a total value of $11,758,359.51.

Astera Labs Trading Up 3.8%

Astera Labs stock opened at $207.35 on Tuesday. Astera Labs, Inc. has a twelve month low of $76.53 and a twelve month high of $262.90. The stock has a 50 day moving average of $146.86 and a two-hundred day moving average of $154.65. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 140.10, a PEG ratio of 3.30 and a beta of 3.35.

Nuts and Bolts AI Play Gains Momentum: Astera Labs Targets Raised

Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its quarterly earnings data 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. Astera Labs had a return on equity of 18.49% and a net margin of 26.72%.The company had revenue of $308.36 million during the quarter, compared to analysts' expectations of $292.19 million. During the same period last year, the firm earned $0.33 EPS. The firm's revenue for the quarter was up 93.5% on a year-over-year basis. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. Equities analysts predict that Astera Labs, Inc. will post 1.48 earnings per share for the current year.

Hedge Funds Weigh In On Astera Labs

A number of large investors have recently modified their holdings of ALAB. Assetmark Inc. raised its stake 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 purchased a new position in shares of Astera Labs during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its stake in Astera Labs by 422.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company's stock valued at $32,000 after purchasing an additional 152 shares in the last quarter. Hilltop National Bank increased its stake in Astera Labs by 100.0% in the 4th quarter. Hilltop National Bank now owns 200 shares of the company's stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in Astera Labs in the 4th quarter valued at approximately $33,000. 60.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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A number of analysts have weighed in on the company. Loop Capital assumed coverage on Astera Labs in a research report on Thursday, March 5th. They set a "buy" rating and a $250.00 price objective for the company. Rothschild & Co Redburn started coverage on Astera Labs in a research note on Friday, May 1st. They set a "neutral" rating and a $153.00 target price for the company. Barclays increased their target price on Astera Labs from $165.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday. Morgan Stanley increased their target price on Astera Labs from $210.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, UBS Group started coverage on Astera Labs in a research note on Tuesday, April 21st. They set a "neutral" rating and a $180.00 target price for the company. Fifteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Astera Labs has an average rating of "Moderate Buy" and an average target price of $229.65.

Check Out Our Latest Analysis on ALAB

Astera Labs News Summary

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

Positive Sentiment: Astera Labs is being highlighted as a potential solution to a major AI infrastructure bottleneck, reinforcing the market’s view that the company is well positioned to benefit from AI spending. Astera Labs (ALAB) Touted To Solve Big AI Bottleneck
Positive Sentiment: Zacks said Astera Labs’ Scorpio portfolio is seeing strong demand and is on track to become the company’s largest product line by 2026, supporting the growth narrative. Astera Labs Rides on Strong Scorpio Portfolio: What Lies Ahead?
Positive Sentiment: Needham raised its price target to $260 from $220 and reiterated a Buy rating, citing another strong beat-and-raise quarter, which can help support investor confidence. Is Astera Labs. (ALAB) the Best American Semiconductor Stock to Buy According to Analysts?
Positive Sentiment: Astera Labs was also featured among stocks positioned to benefit from the AI inference boom, adding to broader optimism around its semiconductor exposure. 5 Stocks Positioned to Benefit From the AI Inference Boom (ALAB)
Neutral Sentiment: The company reported zero short interest in the latest update, so there is no meaningful signal here for traders despite the headline mentioning a change.
Negative Sentiment: CEO Jitendra Mohan, COO Sanjay Gajendra, and director Stefan A. Dyckerhoff all sold shares in pre-arranged 10b5-1 transactions, which can weigh on sentiment even if the sales were scheduled in advance.

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.