Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Astera Labs Inc shares valued at $5,352,660 were sold by Mohan Jitendra on Mar 03 ’25. At $71.37 per share, Mohan Jitendra sold 75,000 shares. The insider’s holdings dropped to 587,500 shares worth approximately $40.28 million following the completion of this transaction.
Also, Jitendra Mohan purchased 157,500 shares, netting a total of over 11,781,000 in proceeds.
Before that, Tate Michael Truett had sold 125,800 shares from its account. In a trade valued at $10,382,890, the Chief Financial Officer traded Astera Labs Inc shares for $82.53 each. Upon closing the transaction, the insider’s holdings decreased to 125,800 shares, worth approximately $0.0.
As published in a research note from Northland Capital on January 28, 2025, Astera Labs Inc [ALAB] has been rated up from a Market perform to an Outperform and the price target has been revised to $120. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late January. As of January 02, 2025, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for ALAB. Earlier on November 18, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for ALAB stock.
Analyzing ALAB Stock Performance
During the last five days, there has been a drop of approximately -17.39%. Over the course of the year, Astera Labs Inc shares have dropped approximately -48.23%. A 50-day SMA is recorded $108.61, while a 200-day SMA reached $76.52.
Support And Resistance Levels for Astera Labs Inc (ALAB)
According to the 24-hour chart, there is a support level at 66.43, which, if violated, would cause prices to drop to 64.28. In the upper region, resistance lies at 70.35. The next price resistance is at 72.12. RSI (Relative Strength Index) is 30.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.42, which suggests the price will decrease in the coming days. Percent R is at 82.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
