Astera Labs Target of Unusually Large Options Trading (NASDAQ:ALAB)

Astera Labs, Inc. (NASDAQ:ALABGet Free Report) was the recipient of some unusual options trading on Tuesday. Investors bought 10,246 call options on the company. This represents an increase of 23% compared to the typical daily volume of 8,334 call options.

Insider Buying and Selling at Astera Labs

In other news, Director Jack R. Lazar acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average cost of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the transaction, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Astera Labs Price Performance

NASDAQ ALAB opened at $83.38 on Wednesday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Wall Street Analyst Weigh In

Separately, Northland Securities initiated coverage on shares of Astera Labs in a research note on Monday. They issued an “outperform” rating and a $85.00 price objective on the stock.

View Our Latest Report on Astera Labs

About Astera Labs

(Get Free Report)

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.

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