Sanjay Gajendra Sells 230,639 Shares of Astera Labs (NASDAQ:ALAB) Stock

by · The Cerbat Gem

Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) COO Sanjay Gajendra sold 230,639 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $198.22, for a total transaction of $45,717,262.58. Following the transaction, the chief operating officer owned 664,361 shares in the company, valued at approximately $131,689,637.42. This trade represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, February 17th, Sanjay Gajendra 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 traded up $7.56 during trading hours on Monday, hitting $207.35. 5,600,886 shares of the company were exchanged, compared to its average volume of 6,128,509. Astera Labs, Inc. has a 52-week low of $76.53 and a 52-week high of $262.90. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 147.99, a PEG ratio of 3.30 and a beta of 3.35. The company’s 50 day moving average price is $143.77 and its 200-day moving average price is $153.99.

Astera Labs (NASDAQ:ALAB – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $308.36 million during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.33 earnings per share. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, equities analysts predict that Astera Labs, Inc. will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On Astera Labs

A number of hedge funds and other institutional investors have recently made changes to their positions in ALAB. Vanguard Group Inc. grew its position in Astera Labs by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,827,506 shares of the company’s stock valued at $2,300,344,000 after buying an additional 84,365 shares during the period. State Street Corp grew its position in shares of Astera Labs by 32.5% during the 4th quarter. State Street Corp now owns 3,099,809 shares of the company’s stock valued at $515,684,000 after acquiring an additional 760,358 shares during the period. Geode Capital Management LLC increased its stake in shares of Astera Labs by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 2,429,078 shares of the company’s stock valued at $403,598,000 after purchasing an additional 104,935 shares in the last quarter. Fred Alger Management LLC raised its holdings in Astera Labs by 25.5% in the 4th quarter. Fred Alger Management LLC now owns 1,934,688 shares of the company’s stock worth $321,855,000 after purchasing an additional 393,250 shares during the period. Finally, Morgan Stanley boosted its position in Astera Labs by 33.0% during the fourth quarter. Morgan Stanley now owns 1,934,467 shares of the company’s stock worth $321,818,000 after purchasing an additional 480,009 shares in the last quarter. Institutional investors and hedge funds own 60.47% of the company’s stock.

Wall Street Analyst Weigh In

ALAB has been the topic of a number of research reports. Weiss Ratings raised Astera Labs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Barclays increased their price target on shares of Astera Labs from $165.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday. TD Cowen upped their price objective on shares of Astera Labs from $140.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Astera Labs from $205.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Astera Labs from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.65.

View Our Latest Stock Analysis 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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