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Astera Labs , Inc. (NASDAQ:ALAB), a semiconductor company with a market capitalization of $16 billion and impressive gross profit margins of 76%, saw its Chief Executive Officer Mohan Jitendra sell a total of 17,323 shares of common stock on July 9 and 10, 2025, for approximately $1.85 million. The sales occurred at prices ranging from $100.0092 to $102.4607. The stock has experienced a significant decline of 26% over the past six months, despite posting a robust 74% gain over the last year.
The sales were executed in multiple transactions and were automatically pursuant to a Rule 10b5-1 trading plan adopted by Mohan on December 2, 2024.
Specifically, on July 9, Mohan sold 6,982 shares at a weighted average price of $100.0092. Then, on July 10, Mohan sold 10,341 shares at a weighted average price of $102.4607.
The shares sold were held indirectly through several trusts, including a Living Trust, an estate planning Trust, 2021 Trust 1, 2021 Trust 2, 2022 Trust 1, and 2022 Trust 2. For deeper insights into Astera Labs’ valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers 14 additional exclusive tips about the company. Following these transactions, Mohan continues to hold a significant number of Astera Labs shares, both directly and indirectly. Directly, Mohan holds 2,262,318 shares and indirectly he holds 4,339,176 shares through a Living Trust, 759,166 through a Trust, 759,173 through the 2021 Trust 1 and 2, and 509,174 through the 2022 Trust 1 and 2.
In other recent news, Astera Labs has been the focus of multiple analyst firms and strategic developments. Morgan Stanley (NYSE:MS) upgraded Astera Labs’ stock rating from Equalweight to Overweight, citing the company’s growth potential in hyperscale data centers and the AI sector, setting a price target of $99. Evercore ISI also raised its price target for Astera Labs to $104, maintaining an Outperform rating, following a presentation that highlighted the company’s UALink technology and AI sector focus. Craig-Hallum increased its price target to $120, emphasizing the impact of Astera Labs’ Scorpio switch family on its market position.
Additionally, William Blair initiated coverage with an Outperform rating, noting Astera Labs’ competitive advantage in AI connectivity solutions and its potential for sustained growth. In a significant corporate development, Astera Labs announced a collaboration with NVIDIA (NASDAQ:NVDA) to enhance the NVLink Fusion ecosystem, targeting hyperscalers deploying high-performance AI networks. This partnership aims to integrate Astera Labs’ NVLink solutions into its Intelligent Connectivity Platform. These recent developments underscore Astera Labs’ strategic focus on expanding its product offerings and strengthening its market position in the AI infrastructure space.
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