Jitendra Mohan Sells 157,500 Shares of Astera Labs (NASDAQ:ALAB) Stock

Astera Labs, Inc. (NASDAQ:ALAB) CEO Jitendra Mohan sold 157,500 shares of Astera Labs stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $131.58, for a total value of $20,723,850.00. Following the completion of the transaction, the chief executive officer directly owned 4,531,732 shares in the company, valued at $596,285,296.56. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 17th, Jitendra Mohan sold 94,971 shares of Astera Labs stock. The stock was sold at an average price of $123.81, for a total transaction of $11,758,359.51.

Astera Labs Price Performance

Shares of ALAB opened at $116.04 on Friday. The company has a 50-day moving average of $144.10 and a two-hundred day moving average of $166.18. The stock has a market cap of $19.75 billion, a price-to-earnings ratio of 95.11, a PEG ratio of 2.48 and a beta of 1.74. Astera Labs, Inc. has a one year low of $47.13 and a one year high of $262.90.

Astera Labs (NASDAQ:ALAB) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Astera Labs had a net margin of 25.70% and a return on equity of 16.12%. The business had revenue of $270.58 million for the quarter, compared to analyst estimates of $249.46 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 91.8% compared to the same quarter last year. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. Analysts anticipate that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James Financial assumed coverage on Astera Labs in a report on Friday, November 21st. They issued a “hold” rating for the company. Northland Securities lifted their price target on Astera Labs from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Barclays set a $165.00 price target on Astera Labs in a research report on Thursday, January 15th. Morgan Stanley restated an “overweight” rating and set a $210.00 price objective on shares of Astera Labs in a research report on Wednesday, December 3rd. Finally, Weiss Ratings cut Astera Labs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Fifteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Astera Labs has a consensus rating of “Moderate Buy” and a consensus price target of $202.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Astera Labs during the 4th quarter worth about $25,000. Smartleaf Asset Management LLC boosted its stake in Astera Labs by 422.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the period. Hilltop National Bank grew its holdings in Astera Labs by 100.0% in the 4th quarter. Hilltop National Bank now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 100 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in Astera Labs in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 60.47% of the company’s stock.

About Astera Labs

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.