TL;DR
Three executives including President Gajendra Sanjay execute pre-planned sales exceeding $18 million amid 26% six-month decline.
July 14, 2025
Executive Sales Exceed $18M Across Multiple Days
Astera Labs Inc. (NASDAQ: ALAB) executives conducted significant stock sales in early July, with President and COO Gajendra Sanjay disposing of $16.2 million in shares, CEO Mohan Jitendra selling $1.85 million in stock, and Director Alba Manuel completing additional transactions.
Sanjay sold 165,000 shares on July 9, 2025, through trust structures at weighted average prices ranging from $98.21 to $99.21. The transactions were executed under a Rule 10b5-1 trading plan established on November 30, 2024.
Following the sales, Sanjay retains 5.8 million shares through Trust 1, 695,000 shares each through Trust 2 and Trust 3, plus 2.26 million directly owned shares.
CEO Jitendra sold 17,323 shares across July 9 and 10, with transactions ranging from $100.01 to $102.46 per share under a 10b5-1 plan adopted December 2, 2024. He continues to hold significant positions through multiple trust structures, including 4.3 million shares through a Living Trust.
Director Alba Manuel completed stock transactions on July 2 and 3, 2025, with shares held through Casa Alameda 2007, LLC and Alba Trust structures at prices ranging from approximately $88 to $92 per share.
Stock Performance Reflects Sector Volatility
The semiconductor company’s stock has declined 32.8% year-to-date, underperforming peers including Broadcom (up 17.5%) and Credo Technology (up 43.7%).
The sales occurred as shares traded between $88 to $102, with stiff competition and tariff uncertainty weighing on performance.
Astera Labs maintains a $16 billion market capitalization with impressive 76% gross profit margins.
The stock trades at a premium valuation with a forward price-to-sales ratio of 19.49X, compared to the sector average of 6.59X.
Strong Analyst Support Despite Recent Weakness
Multiple investment firms have expressed confidence in Astera Labs’ AI infrastructure positioning:
- Morgan Stanley upgraded the stock to Overweight with a $99 price target, citing growth potential in hyperscale data centers
- Craig-Hallum raised its price target to $120, emphasizing the Scorpio switch family impact.
- Evercore ISI increased its target to $104, maintaining an Outperform rating.
- William Blair initiated coverage with an Outperform rating, noting competitive advantages in AI connectivity solutions.
Strategic Partnerships Drive Growth Outlook
Astera Labs recently announced a collaboration with NVIDIA to enhance the NVLink Fusion ecosystem, targeting hyperscalers deploying high-performance AI networks. This partnership integrates Astera Labs’ NVLink solutions into its Intelligent Connectivity Platform.
The insider sales represent routine portfolio management through pre-arranged trading plans designed to eliminate timing concerns.
All three executives maintain substantial equity positions, demonstrating continued alignment with shareholder interests as the company pursues opportunities in the expanding AI connectivity market.