Astera Labs, Inc. (NASDAQ:ALAB – Get Free Report) CEO Jitendra Mohan sold 47,667 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $70.26, for a total value of $3,349,083.42. Following the completion of the sale, the chief executive officer now directly owns 728,420 shares in the company, valued at $51,178,789.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Astera Labs Price Performance
ALAB stock traded down $2.49 during trading on Tuesday, hitting $62.47. The company had a trading volume of 3,023,798 shares, compared to its average volume of 2,701,490. The company has a fifty day moving average price of $46.27 and a two-hundred day moving average price of $58.14. Astera Labs, Inc. has a fifty-two week low of $36.22 and a fifty-two week high of $95.21.
Astera Labs (NASDAQ:ALAB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $76.90 million during the quarter, compared to analyst estimates of $72.41 million. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. On average, analysts expect that Astera Labs, Inc. will post -0.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Astera Labs
Hedge Funds Weigh In On Astera Labs
Several institutional investors have recently bought and sold shares of ALAB. Amalgamated Bank bought a new position in Astera Labs in the 2nd quarter valued at $74,000. Newbridge Financial Services Group Inc. raised its position in shares of Astera Labs by 11,920.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 3,005 shares of the company’s stock worth $182,000 after acquiring an additional 2,980 shares during the last quarter. Legato Capital Management LLC bought a new stake in shares of Astera Labs during the second quarter worth $207,000. Alpine Global Management LLC bought a new stake in shares of Astera Labs during the first quarter worth $272,000. Finally, Strategic Blueprint LLC bought a new stake in shares of Astera Labs during the second quarter worth $332,000.
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.
Recommended Stories
- Five stocks we like better than Astera Labs
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Where Do I Find 52-Week Highs and Lows?
- AMD Gains Momentum With AI: Can It Beat Expectations?
- How to Invest in Blue Chip Stocks
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Astera Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astera Labs and related companies with MarketBeat.com's FREE daily email newsletter.