Astera Labs (NASDAQ:ALAB) COO Sanjay Gajendra Sells 95,444 Shares of Stock

Astera Labs, Inc. (NASDAQ:ALAB) COO Sanjay Gajendra sold 95,444 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.02, for a total transaction of $21,476,808.88. Following the completion of the sale, the chief operating officer owned 1,435,857 shares in the company, valued at $323,096,542.14. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Gajendra also recently made the following trade(s):

• On Thursday, May 7th, Sanjay Gajendra sold 49,361 shares of Astera Labs stock. The shares were sold at an average price of $199.21, for a total transaction of $9,833,204.81.
• On Thursday, May 7th, Sanjay Gajendra sold 230,639 shares of Astera Labs stock. The shares were sold at an average price of $198.22, for a total transaction of $45,717,262.58.

Astera Labs Stock Performance

NASDAQ:ALAB opened at $287.48 on Thursday. The firm has a market cap of $49.28 billion, a price-to-earnings ratio of 194.24, a price-to-earnings-growth ratio of 3.23 and a beta of 3.35. Astera Labs, Inc. has a 52 week low of $84.78 and a 52 week high of $287.70. The firm has a 50-day moving average price of $163.12 and a two-hundred day moving average price of $157.97.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The firm had revenue of $308.36 million during the quarter, compared to analyst estimates of $292.19 million. Astera Labs had a net margin of 26.72% and a return on equity of 18.49%. The company’s revenue for the quarter was up 93.5% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Astera Labs has set its Q2 2026 guidance at 0.680-0.700 EPS. As a group, sell-side analysts forecast that Astera Labs, Inc. will post 1.84 earnings per share for the current year.

Key Stories Impacting Astera Labs

Here are the key news stories impacting Astera Labs this week:

• Positive Sentiment: Astera Labs’ recent investor presentation and conference remarks highlighted new networking and switching products, reinforcing the company’s positioning as an AI infrastructure beneficiary.
• Positive Sentiment: Wall Street commentary has turned more constructive, with reports of analyst “buy” recommendations helping extend the rally in ALAB shares.
• Positive Sentiment: Traders also flagged bullish order-flow and options activity, including a “Power Inflow” signal and elevated call option volume, which can add momentum to a fast-rising stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALAB shares. Needham & Company LLC lifted their price objective on shares of Astera Labs from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $297.00 price target on shares of Astera Labs in a report on Tuesday. Weiss Ratings raised shares of Astera Labs from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price target on shares of Astera Labs in a report on Wednesday, May 6th. Finally, Rothschild & Co Redburn began coverage on shares of Astera Labs in a report on Friday, May 1st. They issued a “neutral” rating and a $153.00 price target for the company. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $233.75.

Hedge Funds Weigh In On Astera Labs

A number of large investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased 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 acquiring an additional 101 shares during the period. Reflection Asset Management purchased a new stake in shares of Astera Labs during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC grew its stake in shares of Astera Labs by 422.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the last quarter. Hilltop National Bank grew its stake in shares of Astera Labs by 100.0% in the fourth quarter. Hilltop National Bank now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of Astera Labs in the fourth quarter worth about $33,000. Hedge funds and other institutional investors 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.