Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells 37,561 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 37,561 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $7.49, for a total value of $281,331.89. Following the transaction, the chief operating officer now owns 544,468 shares in the company, valued at approximately $4,078,065.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Arteris Stock Performance

Shares of AIP opened at $7.05 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. Arteris, Inc. has a 12-month low of $4.20 and a 12-month high of $9.54. The business’s fifty day moving average price is $7.86 and its 200 day moving average price is $7.57. The stock has a market capitalization of $271.28 million, a PE ratio of -6.84 and a beta of 1.12.

Arteris (NASDAQ:AIP) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The business had revenue of $14.58 million during the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the previous year, the business posted ($0.25) earnings per share. Equities research analysts forecast that Arteris, Inc. will post -0.9 EPS for the current year.

Hedge Funds Weigh In On Arteris

A number of hedge funds and other institutional investors have recently bought and sold shares of AIP. Algert Global LLC bought a new stake in shares of Arteris in the 2nd quarter worth approximately $115,000. The Manufacturers Life Insurance Company bought a new position in Arteris during the 2nd quarter worth $86,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Arteris in the second quarter worth $554,000. Renaissance Technologies LLC lifted its stake in Arteris by 6.1% in the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock valued at $861,000 after buying an additional 6,600 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Arteris by 2,182.8% during the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after acquiring an additional 30,428 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Westpark Capital reissued a “buy” rating and set a $11.00 price target on shares of Arteris in a research report on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $9.00 target price (down from $11.00) on shares of Arteris in a research report on Monday, May 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a report on Monday, August 5th.

Arteris Company Profile

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.