Astera Labs, Inc.’s Quiet Period To Expire on April 29th (NASDAQ:ALAB)

Astera Labs’ (NASDAQ:ALAB) quiet period is set to expire on Monday, April 29th. Astera Labs had issued 19,800,000 shares in its public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALAB. Stifel Nicolaus began coverage on shares of Astera Labs in a research report on Monday, April 15th. They set a “buy” rating and a $81.00 price objective on the stock. Morgan Stanley began coverage on shares of Astera Labs in a research report on Monday, April 15th. They set an “overweight” rating and a $81.00 price objective on the stock. Roth Mkm started coverage on shares of Astera Labs in a research report on Monday, April 15th. They set a “buy” rating and a $85.00 price objective on the stock. Needham & Company LLC started coverage on Astera Labs in a report on Monday, April 15th. They set a “buy” rating and a $85.00 price target on the stock. Finally, Barclays started coverage on Astera Labs in a report on Monday, April 15th. They set an “overweight” rating and a $85.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $86.09.

Astera Labs Trading Up 0.8 %

ALAB opened at $71.59 on Friday. Astera Labs has a twelve month low of $50.61 and a twelve month high of $95.21.

Insider Transactions at Astera Labs

In related news, Director Jack R. Lazar purchased 10,000 shares of Astera Labs 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 transaction, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Astera Labs stock. Seven Grand Managers LLC purchased a new position in shares of Astera Labs, Inc. (NASDAQ:ALAB) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $3,710,000. Astera Labs makes up approximately 1.8% of Seven Grand Managers LLC’s holdings, making the stock its 23rd largest position.

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.