Astera Labs Inc’s filing revealed that its insider Gajendra Sanjay unloaded Company’s shares for reported $7.64 million on Oct 11 ’24. In the deal valued at $69.47 per share,110,000 shares were sold. As a result of this transaction, Gajendra Sanjay now holds 835,000 shares worth roughly $60.66 million.
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Then, Mohan Jitendra sold 47,667 shares, generating $3,348,993 in total proceeds. Upon selling the shares at $70.26, the Chief Executive Officer now owns 728,420 shares.
Before that, LAZAR JACK R sold 2,000 shares. Astera Labs Inc shares valued at $139,900 were divested by the Director at a price of $69.95 per share. As a result of the transaction, LAZAR JACK R now holds 135,000 shares, worth roughly $9.81 million.
Morgan Stanley upgraded its Astera Labs Inc [ALAB] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Stifel began covering ALAB with “Buy” recommendation on April 15, 2024. ROTH MKM started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Friday, Astera Labs Inc [NASDAQ:ALAB] saw its stock jump 3.55% to $72.65. Over the last five days, the stock has lost -0.03%. Astera Labs Inc shares have risen nearly 17.12% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 70.92, which if violated will result in even more drops to 69.19. On the upside, there is a resistance level at 74.20. A further resistance level may holdings at 75.75. The Relative Strength Index (RSI) on the 14-day chart is 69.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.09%. Stochastics %K at 79.19% indicates the stock is a holding.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-10-15, growing by 0.49 million shares to a total of 10.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.84 million shares. There was a rise of 4.71%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 15, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
