Holocene Advisors LP Has $32.30 Million Stake in Astera Labs, Inc. $ALAB

Holocene Advisors LP cut its position in shares of Astera Labs, Inc. (NASDAQ:ALAB) by 73.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,964 shares of the company’s stock after selling 452,450 shares during the quarter. Holocene Advisors LP owned about 0.10% of Astera Labs worth $32,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ALAB. Assetmark Inc. lifted its holdings in Astera Labs by 374.1% in the third quarter. Assetmark Inc. now owns 128 shares of the company’s stock valued at $25,000 after buying an additional 101 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Astera Labs during the 3rd quarter worth about $47,000. Whittier Trust Co. bought a new position in shares of Astera Labs in the 3rd quarter worth about $55,000. Ramirez Asset Management Inc. bought a new position in shares of Astera Labs in the 3rd quarter worth about $59,000. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Astera Labs by 1,338.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 302 shares of the company’s stock valued at $59,000 after purchasing an additional 281 shares during the period. Institutional investors own 60.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALAB. Jefferies Financial Group restated a “buy” rating on shares of Astera Labs in a research report on Wednesday, December 3rd. Weiss Ratings downgraded Astera Labs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Loop Capital assumed coverage on Astera Labs in a report on Thursday, March 5th. They set a “buy” rating and a $250.00 price target on the stock. Raymond James Financial assumed coverage on shares of Astera Labs in a research report on Friday, November 21st. They set a “hold” rating for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Astera Labs in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $225.00 price objective for the company. Fifteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Astera Labs has a consensus rating of “Moderate Buy” and an average price target of $202.22.

Insider Activity

In other news, COO Sanjay Gajendra sold 94,971 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $123.81, for a total transaction of $11,758,359.51. Following the transaction, the chief operating officer directly owned 1,531,301 shares of the company’s stock, valued at $189,590,376.81. This represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jitendra Mohan sold 94,971 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $123.81, for a total value of $11,758,359.51. Following the completion of the transaction, the chief executive officer owned 1,452,739 shares in the company, valued at approximately $179,863,615.59. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 224,292 shares of company stock valued at $27,676,069. Corporate insiders own 12.50% of the company’s stock.

Astera Labs Price Performance

Shares of ALAB opened at $127.48 on Tuesday. Astera Labs, Inc. has a one year low of $47.13 and a one year high of $262.90. The company has a market cap of $21.70 billion, a PE ratio of 104.49, a P/E/G ratio of 2.37 and a beta of 1.75. The stock has a 50-day moving average of $147.10 and a 200-day moving average of $167.60.

Astera Labs (NASDAQ:ALAB) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The business had revenue of $270.58 million for the quarter, compared to the consensus estimate of $249.46 million. Astera Labs had a return on equity of 16.12% and a net margin of 25.70%.The firm’s revenue for the quarter was up 91.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. Astera Labs has set its Q1 2026 guidance at 0.530-0.540 EPS. Analysts expect that Astera Labs, Inc. will post 0.34 EPS for the current fiscal year.

Astera Labs Company Profile

Astera Labs is a fabless semiconductor company that develops connectivity solutions for data center and cloud infrastructure. The firm focuses on addressing signal integrity and link management challenges that arise as server architectures incorporate higher-bandwidth processors and accelerators. Its technology is aimed at improving reliability and performance for high-speed interconnects used in servers, storage systems and compute accelerators.

The company’s product portfolio centers on silicon devices and accompanying firmware and software that enhance and manage high-speed links.