Astera Labs (NASDAQ:ALAB) Director Bethany Mayer Sells 686 Shares

Astera Labs, Inc. (NASDAQ:ALAB) Director Bethany Mayer sold 686 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $395.04, for a total value of $270,997.44. Following the completion of the transaction, the director directly owned 5,550 shares in the company, valued at $2,192,472. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Astera Labs Price Performance

ALAB stock traded down $6.26 during trading on Friday, reaching $391.74. 6,467,937 shares of the stock traded hands, compared to its average volume of 5,698,053. The business’s 50 day moving average price is $284.80 and its 200-day moving average price is $194.71. Astera Labs, Inc. has a 52-week low of $85.85 and a 52-week high of $440.99. The firm has a market capitalization of $67.15 billion, a PE ratio of 264.69, a P/E/G ratio of 4.59 and a beta of 3.95.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 EPS 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 for the quarter, compared to the consensus estimate of $292.19 million. During the same period last year, the business posted $0.33 EPS. The company’s quarterly revenue was up 93.5% compared to the same quarter last year. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. On average, equities research analysts predict that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

ALAB has been the subject of several recent research reports. TD Cowen increased their price objective on shares of Astera Labs from $140.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Astera Labs from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Rothschild & Co Redburn initiated coverage on Astera Labs in a research report on Friday, May 1st. They issued a “neutral” rating and a $153.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Astera Labs from $205.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their target price on Astera Labs from $210.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $254.75.

Institutional Investors Weigh In On Astera Labs

Large investors have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. acquired a new position in Astera Labs in the 4th quarter valued at $18,708,000. Nordea Investment Management AB bought a new stake in Astera Labs during the fourth quarter valued at about $2,028,000. Geneva Partners LLC bought a new stake in Astera Labs during the third quarter valued at about $1,876,000. Swedbank AB grew its position in shares of Astera Labs by 76.8% in the fourth quarter. Swedbank AB now owns 78,140 shares of the company’s stock valued at $12,999,000 after purchasing an additional 33,940 shares during the last quarter. Finally, Numerai GP LLC increased its stake in shares of Astera Labs by 153.1% in the third quarter. Numerai GP LLC now owns 13,212 shares of the company’s stock worth $2,587,000 after purchasing an additional 7,992 shares during the period. 60.47% of the stock is owned by institutional investors and hedge funds.

Astera Labs Company Profile

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.