In a filing, Astera Labs Inc revealed its President and COO Gajendra Sanjay unloaded Company’s shares for reported $8.7 million on Jun 04 ’25. In the deal valued at $98.11 per share,88,627 shares were sold. As a result of this transaction, Gajendra Sanjay now holds 724,257 shares worth roughly $69.02 million.
Then, Tate Michael Truett sold 500,000 shares, generating $45,113,208 in total proceeds. Upon selling the shares at $90.23, the Chief Financial Officer now owns 618,996 shares.
Before that, ALBA MANUEL sold 600 shares. Astera Labs Inc shares valued at $60,000 were divested by the Director at a price of $100.00 per share. As a result of the transaction, ALBA MANUEL now holds 436,563 shares, worth roughly $41.6 million.
William Blair initiated its Astera Labs Inc [ALAB] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in mid May with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering ALAB and has increased its forecast on May 12, 2025 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James started covering the stock on March 14, 2025. It rated ALAB as “an Outperform”.
Price Performance Review of ALAB
On Monday, Astera Labs Inc [NASDAQ:ALAB] saw its stock jump 6.21% to $95.30. Over the last five days, the stock has gained 3.19%. Astera Labs Inc shares have fallen nearly -28.05% since the year began. Nevertheless, the stocks have risen 47.59% 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.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 91.77, which if violated will result in even more drops to 88.23. On the upside, there is a resistance level at 98.47. A further resistance level may holdings at 101.63.
