Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Astera Labs , Inc. (NASDAQ:ALAB), a $16 billion market cap technology company with impressive gross margins of 76% and strong financial health according to InvestingPro, saw its President and COO Gajendra Sanjay, through trusts, sell a total of 165,000 shares of common stock on July 9, 2025, for approximately $16.2 million.
The sales were executed at weighted average prices ranging from $98.2078 to $99.2093. Specifically, 86,685 shares were sold at prices ranging from $98.1000 to $99.0900, totaling $8,539,471. 38,315 shares were sold at prices ranging from $99.1000 to $99.4200, totaling $3,801,211. Additionally, two transactions each involved the sale of 20,000 shares at prices ranging from $98.1000 to $98.3400, with each block totaling $1,964,156. The stock, which currently trades at a P/E ratio of 280x, has declined 26% over the past six months.
Following these transactions, Gajendra Sanjay continues to indirectly own 5,805,545 shares through Trust 1, 695,000 shares through Trust 2 and 695,000 shares through Trust 3, and directly owns 2,262,318 shares. For deeper insights into ALAB’s valuation and 14 additional key metrics, check out the comprehensive research available on InvestingPro.
The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 30, 2024.
In other recent news, Astera Labs has reported several noteworthy developments. The company has seen a positive revision in its stock target by Craig-Hallum, now set at $120, due to the impact of its Scorpio switch family and UALink™ standards efforts. William Blair initiated coverage with an Outperform rating, emphasizing Astera Labs’ role in AI connectivity and its potential for sustained revenue and earnings growth. Evercore ISI also raised its price target to $104, maintaining an Outperform rating, citing the company’s strategic focus on AI and data center efficiency.
Astera Labs has entered a collaboration with NVIDIA (NASDAQ:NVDA) to enhance the NVLink Fusion ecosystem, expanding its Intelligent Connectivity Platform to meet the needs of hyperscalers deploying AI networks. Morgan Stanley (NYSE:MS) upgraded Astera Labs’ stock rating to Overweight, with a new price target of $99, based on the company’s growth potential and attractive valuation. This upgrade reflects confidence in Astera Labs’ AI narrative and expected financial performance. These developments suggest a robust growth trajectory for Astera Labs, driven by strategic partnerships and technological advancements in the AI sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.