Astera Labs Inc’s recently made public that its Director ALBA MANUEL unloaded Company’s shares for reported $3.99 million on Apr 02 ’25. In the deal valued at $63.37 per share,63,000 shares were sold. As a result of this transaction, ALBA MANUEL now holds 444,863 shares worth roughly $23.55 million.
Then, ALBA MANUEL sold 37,000 shares, generating $2,101,475 in total proceeds. Upon selling the shares at $56.80, the Director now owns 436,863 shares.
Before that, CASA ALAMEDA 2007, LLC bought 20,000 shares. Astera Labs Inc shares valued at $1,240,200 were divested by the Director at a price of $62.01 per share.
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 Friday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -4.92% to $52.94. Over the last five days, the stock has lost -12.90%. Astera Labs Inc shares have fallen nearly -60.03% since the year began. Nevertheless, the stocks have fallen -23.59% 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 04/04/25. SMA at 50 days reached $79.04, while 200 days put it at $76.38.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 48.81, which if violated will result in even more drops to 44.67. On the upside, there is a resistance level at 55.39. A further resistance level may holdings at 57.84. The Relative Strength Index (RSI) on the 14-day chart is 31.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.99%. Stochastics %K at 20.54% 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 2025-03-14, growing by 2.61 million shares to a total of 11.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 8.51 million shares. There was a rise of 23.46%, 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.
