Astera Labs, Inc. (NASDAQ:ALAB) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in Astera Labs by selling 121,932 shares, resulting in an 88.7% decline in holdings to 15,544 shares, valued at $928,000.
• Insider sales included Sanjay Gajendra selling 165,000 shares for $11.84 million and CEO Jitendra Mohan selling 128,250 shares for $11.55 million, decreasing their ownership by 17.93% and 19.16%, respectively.
• A number of institutional investors, including Hoey Investments and Sound Income Strategies, increased their positions in Astera Labs, indicating ongoing interest in the company despite fluctuations in insider ownership.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 88.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,544 shares of the company's stock after selling 121,932 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Astera Labs were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ALAB. NewEdge Advisors LLC purchased a new position in Astera Labs during the 4th quarter worth $63,000. National Bank of Canada FI grew its stake in Astera Labs by 121.7% during the 4th quarter. National Bank of Canada FI now owns 541 shares of the company's stock worth $72,000 after buying an additional 297 shares during the last quarter. Banque Transatlantique SA purchased a new position in Astera Labs during the 4th quarter worth $86,000. Emerald Mutual Fund Advisers Trust grew its stake in Astera Labs by 429.3% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 704 shares of the company's stock worth $93,000 after buying an additional 571 shares during the last quarter. Finally, Gen Wealth Partners Inc purchased a new position in Astera Labs during the 4th quarter worth $105,000. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

Astera Labs Price Performance

ALAB traded up $6.83 during trading on Monday, hitting $137.93. The company's stock had a trading volume of 5,924,361 shares, compared to its average volume of 5,661,288. The firm's 50 day moving average price is $99.49 and its 200-day moving average price is $85.75. The stock has a market cap of $22.75 billion, a PE ratio of 626.98, a PEG ratio of 6.15 and a beta of 1.39. Astera Labs, Inc. has a twelve month low of $36.22 and a twelve month high of $147.39.

Astera Labs (NASDAQ:ALAB - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.05. Astera Labs had a return on equity of 2.57% and a net margin of 8.44%. The business had revenue of $159.44 million during the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the firm posted $0.10 EPS. The business's revenue for the quarter was up 144.1% on a year-over-year basis. Equities analysts anticipate that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, CEO Jitendra Mohan sold 128,250 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $90.02, for a total value of $11,545,065.00. Following the transaction, the chief executive officer owned 541,125 shares of the company's stock, valued at $48,712,072.50. This trade represents a 19.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sanjay Gajendra sold 165,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $71.76, for a total transaction of $11,840,400.00. Following the completion of the transaction, the insider directly owned 755,000 shares in the company, valued at $54,178,800. This represents a 17.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,181,759 shares of company stock valued at $200,883,431 in the last ninety days.

Wall Street Analysts Forecast Growth

ALAB has been the topic of several research analyst reports. Wall Street Zen downgraded Astera Labs from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Morgan Stanley increased their price target on Astera Labs from $99.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Jefferies Financial Group increased their price target on Astera Labs from $95.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. William Blair started coverage on Astera Labs in a research report on Thursday, May 22nd. They issued an "outperform" rating for the company. Finally, Northland Securities lowered Astera Labs from an "outperform" rating to a "market perform" rating and set a $120.00 price target for the company. in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.73.

Astera Labs Company 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.