Astera Labs (NASDAQ:ALAB) Trading 7.1% Higher - Should You Buy?
Astera Labs (NASDAQ:ALAB) shares rose 7.1% to $113.91, despite trading volume being 75% below its average. The company recently exceeded quarterly earnings estimates with $0.58 EPS and $270.6M revenue, but trades at a high valuation with a P/E of 93.3 and below its key moving averages. While analysts have a "Moderate Buy" consensus with an average target of $199.44, insiders have been net sellers, with significant share sales by the CEO and other insiders in the last 90 days.
https://www.marketbeat.com/instant-alerts/astera-labs-nasdaqalab-trading-71-higher-should-you-buy-2026-04-02/