Natixis Advisors LLC Invests $2.87 Million in Astera Labs, Inc. (NASDAQ:ALAB)

Natixis Advisors LLC acquired a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,676 shares of the company's stock, valued at approximately $2,871,000.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in shares of Astera Labs by 99.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 199 shares of the company's stock valued at $26,000 after buying an additional 99 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Astera Labs in the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. purchased a new position in Astera Labs during the 4th quarter valued at about $36,000. Global Retirement Partners LLC raised its position in Astera Labs by 3,155.6% during the fourth quarter. Global Retirement Partners LLC now owns 293 shares of the company's stock worth $39,000 after acquiring an additional 284 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Astera Labs in the fourth quarter valued at about $42,000. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALAB shares. Raymond James began coverage on Astera Labs in a research report on Friday, March 14th. They set an "outperform" rating and a $82.00 price objective for the company. Barclays increased their price objective on Astera Labs from $87.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Stifel Nicolaus boosted their target price on shares of Astera Labs from $100.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $140.00 price target on shares of Astera Labs in a research note on Tuesday, February 11th. Finally, Craig Hallum boosted their price objective on shares of Astera Labs from $105.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Astera Labs presently has a consensus rating of "Buy" and a consensus target price of $112.77.

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Insider Activity at Astera Labs

In other news, CEO Jitendra Mohan sold 350,680 shares of Astera Labs stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $89.51, for a total transaction of $31,389,366.80. Following the sale, the chief executive officer now owns 2,353,655 shares in the company, valued at $210,675,659.05. This trade represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Philip Mazzara sold 7,536 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $92.07, for a total transaction of $693,839.52. Following the completion of the transaction, the general counsel now owns 241,209 shares of the company's stock, valued at $22,208,112.63. This trade represents a 3.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 570,990 shares of company stock worth $50,242,702.

Astera Labs Trading Down 6.2 %

NASDAQ:ALAB traded down $4.16 on Thursday, hitting $62.79. 3,115,627 shares of the stock were exchanged, compared to its average volume of 3,639,526. The stock has a fifty day moving average of $87.75 and a 200-day moving average of $89.87. The stock has a market cap of $10.18 billion and a PE ratio of -36.29. Astera Labs, Inc. has a fifty-two week low of $36.22 and a fifty-two week high of $147.39.

Astera Labs (NASDAQ:ALAB - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16). Astera Labs had a negative net margin of 21.05% and a negative return on equity of 10.40%. As a group, analysts predict that Astera Labs, Inc. will post 0.34 earnings per share for the current year.

About Astera Labs

Astera Labs, Inc designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale.