Astera Labs (NASDAQ:ALAB) CEO Jitendra Mohan Sells 91,441 Shares

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 91,441 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $183.51, for a total value of $16,780,337.91. Following the completion of the sale, the chief executive officer owned 2,170,877 shares in the company, valued at approximately $398,377,638.27. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jitendra Mohan also recently made the following trade(s):

• On Thursday, August 7th, Jitendra Mohan sold 152,517 shares of Astera Labs stock. The stock was sold at an average price of $170.33, for a total value of $25,978,220.61.
• On Monday, July 21st, Jitendra Mohan sold 76,258 shares of Astera Labs stock. The shares were sold at an average price of $112.72, for a total value of $8,595,801.76.
• On Friday, July 18th, Jitendra Mohan sold 45,755 shares of Astera Labs stock. The stock was sold at an average price of $100.25, for a total value of $4,586,938.75.
• On Thursday, July 17th, Jitendra Mohan sold 80,503 shares of Astera Labs stock. The stock was sold at an average price of $94.37, for a total value of $7,597,068.11.
• On Thursday, July 10th, Jitendra Mohan sold 11,282 shares of Astera Labs stock. The shares were sold at an average price of $102.46, for a total value of $1,155,953.72.
• On Wednesday, July 9th, Jitendra Mohan sold 6,982 shares of Astera Labs stock. The shares were sold at an average price of $100.01, for a total transaction of $698,269.82.
• On Friday, June 20th, Jitendra Mohan sold 52,743 shares of Astera Labs stock. The stock was sold at an average price of $100.86, for a total transaction of $5,319,658.98.
• On Tuesday, June 17th, Jitendra Mohan sold 106,510 shares of Astera Labs stock. The stock was sold at an average price of $94.54, for a total transaction of $10,069,455.40.
• On Thursday, May 29th, Jitendra Mohan sold 14,200 shares of Astera Labs stock. The shares were sold at an average price of $100.00, for a total transaction of $1,420,000.00.

Astera Labs Price Performance

NASDAQ ALAB opened at $172.45 on Thursday. The firm’s fifty day moving average price is $120.52 and its 200 day moving average price is $91.84. Astera Labs, Inc. has a 12 month low of $36.85 and a 12 month high of $199.47. The company has a market capitalization of $28.66 billion, a price-to-earnings ratio of 307.95, a price-to-earnings-growth ratio of 4.34 and a beta of 1.39.

Astera Labs (NASDAQ:ALAB) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. The firm had revenue of $191.93 million during the quarter, compared to analysts’ expectations of $172.46 million. During the same period in the previous year, the company earned $0.13 earnings per share. Astera Labs’s quarterly revenue was up 149.5% compared to the same quarter last year. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. As a group, sell-side analysts forecast that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On Astera Labs

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Astera Labs by 29.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,049,223 shares of the company’s stock worth $1,089,491,000 after buying an additional 2,751,747 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Astera Labs by 114.2% during the first quarter. Alliancebernstein L.P. now owns 8,401,019 shares of the company’s stock worth $501,289,000 after purchasing an additional 4,478,741 shares in the last quarter. Atreides Management LP lifted its position in Astera Labs by 153.3% in the first quarter. Atreides Management LP now owns 4,652,264 shares of the company’s stock valued at $277,601,000 after purchasing an additional 2,815,614 shares during the period. State Street Corp boosted its holdings in Astera Labs by 39.3% in the 2nd quarter. State Street Corp now owns 2,143,459 shares of the company’s stock valued at $193,812,000 after purchasing an additional 604,363 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Astera Labs by 318.9% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,818,600 shares of the company’s stock worth $240,873,000 after purchasing an additional 1,384,498 shares during the period. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALAB shares. Barclays reissued an “overweight” rating and issued a $155.00 target price (up from $75.00) on shares of Astera Labs in a research report on Thursday, August 7th. Northland Capmk downgraded Astera Labs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Evercore ISI raised their target price on shares of Astera Labs from $104.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Jefferies Financial Group upped their price target on shares of Astera Labs from $95.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, William Blair started coverage on shares of Astera Labs in a research note on Thursday, May 22nd. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Astera Labs currently has an average rating of “Moderate Buy” and a consensus price target of $129.13.

Astera Labs Company Profile

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.