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Mohan Jitendra, the Chief Executive Officer of Astera Labs , Inc. (NASDAQ:ALAB), has recently sold a significant portion of the company’s common stock. According to a filing with the Securities and Exchange Commission, Jitendra executed a series of transactions on March 3, 2025, resulting in the sale of 75,000 shares. The shares were sold at an average price of $71.37, amounting to a total transaction value of approximately $5.35 million. The sale comes as the stock has shown remarkable strength, gaining 67% over the past six months, according to InvestingPro data.
These transactions were conducted automatically under a pre-established Rule 10b5-1 trading plan, which Jitendra adopted on December 2, 2024. The sales were executed across multiple trusts, including a living trust and several estate planning trusts, all of which Jitendra is associated with as a trustee. The semiconductor company, currently valued at $11.29 billion, maintains a strong financial position with a current ratio of 11.71.
Following these sales, Jitendra retains ownership of over 4.4 million shares in various capacities, demonstrating a continued substantial stake in the semiconductor company headquartered in Santa Clara, California. While the company is currently trading near its InvestingPro Fair Value, analysts maintain a bullish outlook with price targets ranging from $108 to $150. For deeper insights into ALAB’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Astera Labs has reported significant financial results, with a notable revenue increase of 242.2% year-over-year, reaching $396.3 million for the calendar year 2024. The company anticipates continued growth, projecting first-quarter 2025 revenues to surpass previous estimates by 16.0% and grow by 8.4% compared to the previous quarter. Stifel and Needham have both maintained a Buy rating on Astera Labs, with price targets of $150 and $140, respectively, reflecting confidence in the company’s growth trajectory. Jefferies also reiterated a Buy rating with an $85 price target, despite concerns over gross margin and operating expenses. These ratings come after Astera Labs’ earnings report, where they posted an EPS of $0.37 on revenue of $141.1 million, marking a 179% year-over-year increase. The company is optimistic about its future, with expectations of production revenue from its four main product families in 2025. Meanwhile, NVIDIA Corporation (NASDAQ:NVDA) is facing potential challenges, with Northland Securities projecting a selloff following its upcoming financial report, due to capacity constraints and shifts in customer purchasing patterns. Despite these issues, Northland remains optimistic about Advanced Micro Devices, Inc.’s (NASDAQ:AMD) AI revenue prospects, forecasting substantial growth to $9.2 billion.
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