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Rhumbline Advisers Cuts Stock Position in Astera Labs, Inc. $ALAB
Rhumbline Advisers significantly reduced its stake in Astera Labs (NASDAQ:ALAB) by 11.8% in the third quarter, selling 18,658 shares and now owning 139,226 shares valued at $27.26 million. Despite other hedge funds increasing their positions, the stock has experienced recent volatility due to mixed Q4 results and analyst sentiment, with a market cap of $21.84 billion and a consensus “Moderate Buy” rating. Insider selling by Director Manuel Alba also contributed to recent activity in ALAB stock.