Astera Labs Inc’s filing revealed that its Chief Executive Officer Mohan Jitendra unloaded Company’s shares for reported $5.35 million on Mar 03 ’25. In the deal valued at $71.37 per share,75,000 shares were sold. As a result of this transaction, Mohan Jitendra now holds 587,500 shares worth roughly $43.35 million.
Then, Jitendra Mohan bought 157,500 shares, generating $11,781,000 in total proceeds.
Before that, Tate Michael Truett sold 125,800 shares. Astera Labs Inc shares valued at $10,382,890 were divested by the Chief Financial Officer at a price of $82.53 per share. As a result of the transaction, Tate Michael Truett now holds 0 shares, worth roughly $0.0.
Raymond James initiated its Astera Labs Inc [ALAB] rating to an Outperform in a research note published on March 14, 2025; the price target was $82. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in late January from “a Market perform” to “an Outperform”. Morgan Stanley also remained covering ALAB and has decreased its forecast on January 21, 2025 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Northland Capital revised its rating on January 02, 2025. It rated ALAB as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ALAB
On Monday, Astera Labs Inc [NASDAQ:ALAB] saw its stock jump 3.77% to $73.78. Over the last five days, the stock has gained 2.40%. Astera Labs Inc shares have fallen nearly -44.30% since the year began. Nevertheless, the stocks have risen 18.94% over the past one year. While a 52-week high of $147.39 was reached on 01/06/25, a 52-week low of $36.22 was recorded on 03/11/25. SMA at 50 days reached $90.89, while 200 days put it at $76.47.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 72.25, which if violated will result in even more drops to 70.73. On the upside, there is a resistance level at 75.05. A further resistance level may holdings at 76.33. The Relative Strength Index (RSI) on the 14-day chart is 46.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.02%. Stochastics %K at 77.51% 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 2025-02-28, growing by 1.87 million shares to a total of 9.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.68 million shares. There was a rise of 19.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 18, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
