Astera Labs, Inc.’s Quiet Period To Expire on April 29th (NASDAQ:ALAB)

Astera Labs’ (NASDAQ:ALAB) quiet period will expire on Monday, April 29th. Astera Labs had issued 19,800,000 shares in its initial public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. During Astera Labs’ quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Astera Labs in a research note on Monday, April 15th. They issued a “buy” rating and a $85.00 price target for the company. Stifel Nicolaus assumed coverage on shares of Astera Labs in a report on Monday, April 15th. They set a “buy” rating and a $81.00 price objective for the company. Roth Mkm assumed coverage on shares of Astera Labs in a report on Monday, April 15th. They set a “buy” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Astera Labs in a report on Monday, April 15th. They set an “overweight” rating and a $85.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Astera Labs in a report on Monday, April 15th. They set a “buy” rating and a $85.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.09.

Astera Labs Stock Down 9.1 %

Shares of NASDAQ:ALAB opened at $64.49 on Monday. Astera Labs has a 12 month low of $50.61 and a 12 month high of $95.21.

Insider Activity at Astera Labs

In other Astera Labs news, Director Jack R. Lazar purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average price of $36.00 per share, with a total value of $360,000.00. Following the acquisition, the director now owns 165,000 shares in the company, valued at $5,940,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Astera Labs

A hedge fund recently bought a new stake in Astera Labs stock. Allspring Global Investments Holdings LLC acquired a new position in Astera Labs, Inc. (NASDAQ:ALAB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned about 0.16% of Astera Labs at the end of the most recent reporting period.

About Astera Labs

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.