Northland Securities assumed coverage on shares of Astera Labs (NASDAQ:ALAB – Free Report) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $85.00 price objective on the stock.
Astera Labs Stock Down 4.1 %
Shares of NASDAQ ALAB opened at $79.92 on Monday. Astera Labs has a 1 year low of $50.61 and a 1 year high of $95.21.
Insider Transactions at Astera Labs
In other Astera Labs news, Director Jack R. Lazar bought 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $36.00 per share, with a total value of $360,000.00. Following the completion of the transaction, the director now owns 165,000 shares in the company, valued at $5,940,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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.
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