Astera Labs (NASDAQ:ALAB) Now Covered by Analysts at Roth Mkm

Roth Mkm initiated coverage on shares of Astera Labs (NASDAQ:ALAB) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $85.00 target price on the stock.

Separately, Northland Securities assumed coverage on shares of Astera Labs in a research note on Monday, March 25th. They set an outperform rating and a $85.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $86.09.

Astera Labs Price Performance

NASDAQ ALAB opened at $70.92 on Monday. Astera Labs has a fifty-two week low of $50.61 and a fifty-two week high of $95.21.

Insider Transactions at Astera Labs

In other news, Director Jack R. Lazar bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the completion of the acquisition, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Astera Labs

An institutional investor recently bought a new position in Astera Labs stock. Allspring Global Investments Holdings LLC bought a new stake in Astera Labs, Inc. (NASDAQ:ALAB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 251,596 shares of the company’s stock, valued at approximately $18,666,000. Allspring Global Investments Holdings LLC owned 0.16% of Astera Labs as of its most recent SEC filing.

Astera Labs Company Profile

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.