Principal Financial Group Inc. Buys 17,717 Shares of Astera Labs, Inc. $ALAB

NodeGuardian · 2026-02-20T06:21:33+00:00

Principal Financial Group boosted its stake in Astera Labs by 241.1%, acquiring 17,717 shares for a total of 25,064 valued at $4.908 million. Despite strong Q4 results, Astera's stock declined due to margin concerns and mixed analyst sentiment.

NodeGuardian

2026-02-20 06:21:33

Abstract generation in progress

Principal Financial Group Inc. significantly increased its stake in Astera Labs, Inc. by 241.1% in the third quarter, acquiring an additional 17,717 shares to reach a total holding of 25,064 shares valued at $4.908 million. This comes as Astera Labs reported strong Q4 results, beating revenue and EPS expectations, but saw its stock dip due to management’s warnings about margin headwinds and rising operating expenses. Despite a generally positive analyst outlook with an average price target of $192.89, a director recently sold a large block of shares, indicating mixed sentiment.

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