Insider Selling: Arteris (NASDAQ:AIP) COO Sells 17,937 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 17,937 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $17.92, for a total value of $321,431.04. Following the sale, the chief operating officer directly owned 275,159 shares in the company, valued at approximately $4,930,849.28. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arteris Price Performance

AIP stock traded up $1.01 during mid-day trading on Tuesday, reaching $19.19. The company had a trading volume of 1,112,895 shares, compared to its average volume of 590,407. The stock has a 50 day simple moving average of $13.75 and a two-hundred day simple moving average of $10.77. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $19.30. The company has a market capitalization of $838.22 million, a price-to-earnings ratio of -23.12 and a beta of 1.48.

Arteris (NASDAQ:AIP) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The firm had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. On average, equities analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AIP. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. TD Cowen raised their price objective on shares of Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Arteris in a research note on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Institutional Investors Weigh In On Arteris

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Arteris in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its stake in shares of Arteris by 75.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after purchasing an additional 2,595 shares during the period. Savant Capital LLC bought a new position in shares of Arteris during the second quarter valued at approximately $97,000. Kapitalo Investimentos Ltda purchased a new stake in Arteris in the second quarter worth $104,000. Finally, Strs Ohio bought a new stake in shares of Arteris during the first quarter valued at approximately $104,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.