Astera Labs Inc’s recent filing unveils that its Chief Executive Officer Mohan Jitendra unloaded Company’s shares for reported $31.39 million on Feb 19 ’25. In the deal valued at $89.51 per share,350,680 shares were sold. As a result of this transaction, Mohan Jitendra now holds 2,353,655 shares worth roughly $199.19 million.
Then, Gajendra Sanjay sold 350,680 shares, generating $31,390,706 in total proceeds. Upon selling the shares at $89.51, the insider now owns 2,353,655 shares.
Before that, Mazzara Philip sold 50,000 shares. Astera Labs Inc shares valued at $4,372,938 were divested by the General Counsel and Secretary at a price of $87.46 per share. As a result of the transaction, Mazzara Philip now holds 191,209 shares, worth roughly $16.18 million.
Northland Capital upgraded its Astera Labs Inc [ALAB] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal-weight”. Northland Capital also remained covering ALAB and has decreased its forecast on January 02, 2025 with a “Market perform” recommendation from previously “an Outperform” rating. Citigroup started covering the stock on November 18, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Friday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -1.27% to $84.63. Over the last five days, the stock has lost -3.67%. Astera Labs Inc shares have fallen nearly -36.10% since the year began. SMA at 50 days reached $115.80, while 200 days put it at $76.46.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 80.93, which if violated will result in even more drops to 77.22. On the upside, there is a resistance level at 87.77. A further resistance level may holdings at 90.90. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.12%. Stochastics %K at 12.85% indicates the stock is a buying.
