On September 23, 2024, Jack Lazar, Director at Astera Labs Inc (ALAB, Financial), executed a sale of 25,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 140,000 shares of Astera Labs Inc.
Astera Labs Inc is a technology company that specializes in developing purpose-built connectivity solutions that remove performance bottlenecks in compute-intensive workloads. The company's products are designed to enhance data speed and reliability, facilitating improved performance in data centers and cloud computing environments.
The shares were sold at a price of $50.72, valuing the transaction at approximately $1,268,000. This sale has adjusted the insider's stake in the company significantly. Over the past year, the insider has sold a total of 25,000 shares and purchased 10,000 shares.
The insider transaction history at Astera Labs Inc shows a trend with 3 insider buys and 11 insider sells over the past year. This activity provides a glimpse into the trading behavior of the company's insiders.
Currently, Astera Labs Inc holds a market cap of approximately $8.16 billion. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are also key indicators of the company's financial health and market position.
For further insights into the stock's valuation, the GF Value can provide an estimation of the stock's intrinsic value based on historical multiples, adjusted for future growth estimates.
This insider sale might be of interest to current and potential investors, as insider transactions can provide valuable insights into a company's internal dynamics and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
