Astera Labs (NASDAQ:ALAB) Issues Earnings Results, Misses Expectations By $0.16 EPS

Astera Labs (NASDAQ:ALAB - Get Free Report) released its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16), Zacks reports. Astera Labs had a negative return on equity of 15.57% and a negative net margin of 30.69%. Astera Labs updated its Q1 2025 guidance to 0.280-0.290 EPS.

Astera Labs Stock Up 0.8 %

Shares of ALAB stock traded up $0.69 during trading on Thursday, reaching $88.19. The company had a trading volume of 6,127,745 shares, compared to its average volume of 5,548,214. The firm's 50 day simple moving average is $121.35 and its two-hundred day simple moving average is $82.90. Astera Labs has a one year low of $36.22 and a one year high of $147.39.

Insider Activity at Astera Labs

In other news, Director Stefan A. Dyckerhoff sold 197,297 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $90.51, for a total transaction of $17,857,351.47. Following the transaction, the director now owns 6,148 shares of the company's stock, valued at $556,455.48. This represents a 96.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jitendra Mohan sold 171,064 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $103.53, for a total value of $17,710,255.92. Following the completion of the sale, the chief executive officer now owns 628,895 shares of the company's stock, valued at $65,109,499.35. This represents a 21.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 846,452 shares of company stock valued at $86,427,256.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ALAB shares. Roth Mkm lifted their target price on Astera Labs from $80.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Barclays lifted their target price on Astera Labs from $87.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Citigroup initiated coverage on Astera Labs in a research note on Monday, November 18th. They issued a "buy" rating and a $120.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $140.00 price target on shares of Astera Labs in a research note on Tuesday. Finally, Northland Capmk raised Astera Labs from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $115.33.

About Astera Labs

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.