Astera Labs Inc’s filing revealed that its Chief Financial Officer Tate Michael Truett unloaded Company’s shares for reported $1.89 million on Dec 04 ’24. In the deal valued at $117.84 per share,16,000 shares were sold. As a result of this transaction, Tate Michael Truett now holds 1,412,888 shares worth roughly $172.41 million.
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Then, ALBA MANUEL sold 11,000 shares, generating $1,292,531 in total proceeds. Upon selling the shares at $117.50, the Director now owns 456,863 shares.
Before that, ALBA MANUEL sold 63,000 shares. Astera Labs Inc shares valued at $7,108,446 were divested by the Director at a price of $112.83 per share. As a result of the transaction, ALBA MANUEL now holds 459,863 shares, worth roughly $56.12 million.
Citigroup initiated its Astera Labs Inc [ALAB] rating to a Buy in a research note published on November 18, 2024; the price target was $120. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. Evercore ISI began covering ALAB with “an Outperform” recommendation on April 16, 2024. Stifel started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Monday, Astera Labs Inc [NASDAQ:ALAB] saw its stock jump 1.35% to $122.03. Over the last five days, the stock has gained 18.03%. Astera Labs Inc shares have risen nearly 96.73% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 118.49, which if violated will result in even more drops to 114.96. On the upside, there is a resistance level at 124.48. A further resistance level may holdings at 126.94. The Relative Strength Index (RSI) on the 14-day chart is 74.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.12%. Stochastics %K at 91.85% indicates the stock is a selling.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-11-15, dropping by -1.42 million shares to a total of 8.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.33 million shares. There was a decline of -15.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
