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Astera Labs , Inc. (NASDAQ:ALAB), a semiconductor company with a market capitalization of $15.32 billion and impressive gross profit margins of 76%, saw its Chief Executive Officer Mohan Jitendra sell 106,500 shares of common stock on June 17, 2025, for approximately $10,069,636. According to InvestingPro analysis, the stock currently trades above its Fair Value.
The sales occurred at a price of $94.5417 per share, with the stock now trading at $99.53. The transactions were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted by Mohan on December 2, 2024. InvestingPro data shows the company maintains strong financial health with a current ratio of 13.92, indicating robust liquidity.
Specifically, the sales were executed in multiple transactions at prices ranging from $93.3600 to $96.7800. 15,279 shares were sold at prices ranging from $96.7800 to $95.7950, 21,998 shares were sold at prices ranging from $95.7750 to $94.7800, 44,589 shares were sold at prices ranging from $94.7700 to $93.7800, and 24,644 shares were sold at prices ranging from $93.7700 to $93.3600.
Following these transactions, Mohan indirectly owns 4,351,010 shares through a living trust, 771,003 shares through a trust, 771,007 shares through a 2021 Trust 1, 771,007 shares through a 2021 Trust 2, 521,008 shares through a 2022 Trust 1, and 521,008 shares through a 2022 Trust 2. Mohan also directly owns 2,262,318 shares. For deeper insights into Astera Labs’ valuation and 12 additional ProTips, visit InvestingPro, where you’ll find comprehensive analysis and the exclusive Pro Research Report.
In other recent news, Astera Labs has reported several key developments that are capturing investor attention. Craig-Hallum raised its price target for Astera Labs to $120, citing the impact of its Scorpio switch family and the completion of UALink™ standards, which opens new market opportunities. William Blair initiated coverage with an Outperform rating, emphasizing Astera Labs’ strong position in the AI connectivity market and its potential for sustained revenue and earnings growth. Evercore ISI also lifted its price target to $104, maintaining an Outperform rating, and highlighted the company’s strategic focus on AI and data center efficiency.
In addition, Astera Labs announced a collaboration with NVIDIA (NASDAQ:NVDA) to enhance the NVLink Fusion ecosystem, aiming to address the needs of hyperscalers in AI networks. This partnership builds on a history of collaboration with NVIDIA and is expected to strengthen Astera Labs’ market position. Morgan Stanley (NYSE:MS) upgraded Astera Labs from Equalweight to Overweight, setting a price target of $99, and noted the company’s attractive valuation and growth potential in the AI sector. These recent developments reflect a strong confidence in Astera Labs’ strategic direction and market opportunities.
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