Astera Labs general counsel Philip Mazzara sells $2.31m in stock

Astera Labs' General Counsel, Philip Mazzara, sold 7,001 shares of the company's common stock on August 17, 2026, amounting to roughly $2.31 million. The transactions occurred at prices between $333.64 and $352.10 per share. Mazzara's sales were not discretionary; they were to meet tax withholding obligations tied to the vesting of restricted stock units.

After these sales, Mazzara now owns 96,542 shares of Astera Labs. Despite the stock's 74% return year-to-date and current price of $289.80, which is lower than the sales price range, InvestingPro suggests the company is overvalued. Astera Labs released strong Q2 2026 financial results, reporting $392.4 million in revenue, up 104% year-over-year, and earnings per share of $0.80, exceeding the analyst forecast of $0.69.

These figures have caught the attention of analysts, with Northland upgrading the stock to Outperform and Needham increasing its price target to $425.