Optimize Financial Inc Makes New $1.72 Million Investment in Astera Labs, Inc. $ALAB

Key Points

• Optimize Financial Inc has made a new investment of $1.72 million in Astera Labs, acquiring about 28,785 shares, which now constitutes approximately 0.6% of its total holdings.
• Multiple large investors have increased their stakes in Astera Labs, with notable increases in holdings by Harbour Investments Inc. (351.7%) and Hazlett Burt & Watson Inc. (1,670.0%) during the first quarter.
• Astera Labs recently experienced a significant rise in share price forecasts, with analysts projecting a moderate buy rating and a price target increase to around $142, after a strong earnings report showcasing a 149.5% year-over-year revenue growth.

Optimize Financial Inc bought a new position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,785 shares of the company's stock, valued at approximately $1,718,000. Astera Labs comprises approximately 0.6% of Optimize Financial Inc's holdings, making the stock its 27th largest holding.

Other large investors have also bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in Astera Labs by 34.7% in the first quarter. Sound Income Strategies LLC now owns 792 shares of the company's stock worth $47,000 after buying an additional 204 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Astera Labs by 55.7% during the first quarter. GAMMA Investing LLC now owns 794 shares of the company's stock valued at $47,000 after purchasing an additional 284 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Astera Labs by 351.7% during the first quarter. Harbour Investments Inc. now owns 795 shares of the company's stock valued at $47,000 after purchasing an additional 619 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Astera Labs during the first quarter valued at approximately $48,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Astera Labs by 1,670.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 885 shares of the company's stock valued at $53,000 after purchasing an additional 835 shares during the last quarter. 60.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALAB. Zacks Research raised shares of Astera Labs to a "strong-buy" rating in a report on Tuesday, August 12th. Needham & Company LLC boosted their price objective on shares of Astera Labs from $100.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Evercore ISI boosted their price objective on shares of Astera Labs from $104.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Northland Capmk cut shares of Astera Labs from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Astera Labs from $160.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.00.

Insider Activity

In other Astera Labs news, COO Sanjay Gajendra sold 280,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $170.02, for a total value of $47,605,600.00. Following the completion of the transaction, the chief operating officer directly owned 5,525,545 shares in the company, valued at $939,453,160.90. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jitendra Mohan sold 152,517 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $170.33, for a total transaction of $25,978,220.61. Following the completion of the transaction, the chief executive officer owned 450,001 shares of the company's stock, valued at approximately $76,648,670.33. The trade was a 25.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,832,489 shares of company stock valued at $264,172,396. Company insiders own 12.50% of the company's stock.

Astera Labs Trading Up 13.0%

Shares of ALAB stock opened at $216.10 on Tuesday. Astera Labs, Inc. has a 12 month low of $36.85 and a 12 month high of $220.69. The stock has a market cap of $35.92 billion, a P/E ratio of 385.89, a P/E/G ratio of 4.85 and a beta of 1.46. The company has a 50 day simple moving average of $144.15 and a two-hundred day simple moving average of $99.92.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.11. The business had revenue of $191.93 million during the quarter, compared to analysts' expectations of $172.46 million. Astera Labs had a net margin of 16.54% and a return on equity of 9.53%. The firm's revenue was up 149.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Astera Labs has set its Q3 2025 guidance at 0.380-0.390 EPS. As a group, equities analysts forecast that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Astera Labs Profile

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.

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