Astera Labs stock in focus after insider sale filing and fresh margin headwind talk
Astera Labs general counsel Philip Mazzara sold 10,000 shares for about $1.17 million on March 2, according to a Form 4 filing. CEO Jitendra Mohan downplayed concerns over a potential AI spending slowdown in 2027. CFO Mike Tate warned of a 200-basis-point gross margin headwind starting in the June quarter, citing an Amazon warrant and product mix. Shares rose 3.6% in premarket trading Thursday.
