Astera Labs director Alba sells $24.9m in stock

Published 04/12/2025, 01:36
© Reuters.

Director Manuel Alba of Astera Labs, Inc. (NASDAQ:ALAB), sold 150,001 shares of common stock on December 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices between $153.7961 and $172.575, resulting in a total transaction value of $24,927,221.

The shares were sold indirectly through the Alba Trust. Following the transactions, Alba’s indirect holdings through the Alba Trust amount to 1,574,498 shares. Alba also holds 385,863 shares through Casa Alameda 2007, LLC, 5,000 shares held by spouse and 2,351 directly owned shares.

In other recent news, Astera Labs announced its plans to develop custom connectivity solutions for the NVIDIA NVLink Fusion ecosystem, aiming to support next-generation AI infrastructure. This development comes as the company seeks to address the complexities of AI systems that integrate various computing resources. Additionally, Raymond James has assumed coverage of Astera Labs with a Market Perform rating, noting the company’s strong position in high-speed connectivity solutions while highlighting potential long-term challenges. Meanwhile, BNP Paribas Exane has initiated coverage with an Outperform rating, suggesting a significant upside potential with a price target of $225.00. The stock has faced a decline of over 40% from its peak, partly due to concerns about the market acceptance of UALink. In related developments, Amazon’s adoption of NVLink Fusion for its Trainium4 technology has impacted Astera Labs’ stock, although analysts have defended the company’s NVLink strategy. Despite these challenges, Astera Labs continues to collaborate with hyperscalers to enhance its offerings in the connectivity space.

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