TSX futures point slightly higher ahead of key employment figures
Philip Mazzara, General Counsel and Secretary of Astera Labs, Inc. (NASDAQ:ALAB), a company currently valued at $28.8 billion, sold 10,000 shares of common stock on August 28, 2025, for approximately $1.89 million. The stock has delivered an impressive 304% return over the past year, though InvestingPro analysis indicates the shares are currently trading above their Fair Value.
The sales occurred at prices ranging from $182.55 to $190.4962, near the stock’s 52-week high of $199.47. The transactions were executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on May 29, 2025. Following the reported transactions, Mazzara directly owns 161,573 shares of Astera Labs , Inc. InvestingPro subscribers can access comprehensive insider trading analysis and 17 additional key insights about ALAB’s financial health, which is rated as "GREAT" by our proprietary scoring system.
In other recent news, Astera Labs reported impressive financial results for the second quarter of 2025, significantly beating earnings forecasts. The company achieved non-GAAP diluted earnings per share of $0.44, well above the expected $0.11. Revenue for the quarter was $191.9 million, representing a 150% increase compared to the same period last year. This strong performance underscores Astera Labs’ robust position in the market, particularly within the AI infrastructure sector. Following these results, Evercore ISI raised its price target for Astera Labs to $215 from $104, maintaining an Outperform rating. The firm highlighted the company’s success in the AI product cycle as a key factor in its decision. Additionally, Stifel reiterated its Buy rating with a $174 price target, citing Astera Labs’ adept supply chain management. These developments reflect growing confidence among analysts in the company’s strategic direction and operational capabilities.
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