Astera Labs (NASDAQ:ALAB) General Counsel Sells $3,262,535.28 in Stock

May 21, 2026 by InsiderTrades.com

Key Points

Astera Labs General Counsel Philip Mazzara sold 14,076 shares on May 18 for about $3.26 million at an average price of $231.78, mainly to cover tax withholding tied to equity vesting. His direct stake fell 11.91% to 104,139 shares.
The stock has surged sharply, with ALAB trading up 17.7% and recently opening at $287.48, near its 52-week high of $287.70. The company now carries a market cap of about $49.28 billion.
Astera Labs posted strong quarterly results, beating earnings and revenue estimates with EPS of $0.61 and revenue of $308.36 million, up 93.5% year over year. Analysts remain broadly constructive, with a consensus rating of Moderate Buy and a price target of $233.75.

Astera Labs, Inc. (NASDAQ:ALAB - Get Free Report) General Counsel Philip Mazzara sold 14,076 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $231.78, for a total transaction of $3,262,535.28. Following the sale, the general counsel directly owned 104,139 shares of the company's stock, valued at $24,137,337.42. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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Philip Mazzara also recently made the following trade(s):

On Wednesday, April 1st, Philip Mazzara sold 10,000 shares of Astera Labs stock. The shares were sold at an average price of $107.77, for a total transaction of $1,077,700.00.
On Monday, March 2nd, Philip Mazzara sold 10,000 shares of Astera Labs stock. The shares were sold at an average price of $117.47, for a total transaction of $1,174,700.00.

Astera Labs Trading Up 17.7%

NASDAQ:ALAB opened at $287.48 on Thursday. The firm has a market capitalization of $49.28 billion, a price-to-earnings ratio of 194.24, a PEG ratio of 3.23 and a beta of 3.35. The firm's fifty day simple moving average is $163.12 and its 200 day simple moving average is $157.97. Astera Labs, Inc. has a twelve month low of $84.78 and a twelve month high of $287.70.

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Astera Labs (NASDAQ:ALAB - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $308.36 million for 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%. The business's quarterly revenue was up 93.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, analysts predict that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Institutional Investors Weigh In On Astera Labs

Several hedge funds and other institutional investors have recently modified their holdings of ALAB. Assetmark Inc. increased its position in shares of Astera Labs by 374.1% in the 3rd quarter. Assetmark Inc. now owns 128 shares of the company's stock worth $25,000 after purchasing an additional 101 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Astera Labs during the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC grew 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 valued at $32,000 after buying an additional 152 shares during the last quarter. Hilltop National Bank grew 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 valued at $33,000 after buying an additional 100 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of Astera Labs during the 4th quarter valued at about $33,000. Institutional investors own 60.47% of the company's stock.

More Astera Labs News

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

Positive Sentiment: Astera Labs’ recent investor presentation and conference remarks highlighted new networking and switching products, reinforcing the company’s positioning as an AI infrastructure beneficiary.
Positive Sentiment: Wall Street commentary has turned more constructive, with reports of analyst “buy” recommendations helping extend the rally in ALAB shares.
Positive Sentiment: Traders also flagged bullish order-flow and options activity, including a “Power Inflow” signal and elevated call option volume, which can add momentum to a fast-rising stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen boosted their price objective on shares of Astera Labs from $140.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, May 6th. Citigroup boosted their price objective on shares of Astera Labs from $200.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Susquehanna boosted their price objective on shares of Astera Labs from $155.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Rothschild & Co Redburn assumed coverage on shares of Astera Labs in a report on Friday, May 1st. They issued a "neutral" rating and a $153.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Astera Labs from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, May 6th. Fifteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

View Our Latest Research Report on ALAB

About Astera Labs

(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.