Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 4,703 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 4,703 shares of Arteris stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $7.12, for a total value of $33,485.36. Following the completion of the sale, the chief operating officer now owns 482,833 shares of the company’s stock, valued at approximately $3,437,770.96. The trade was a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arteris Stock Down 9.2 %

AIP traded down $0.61 during trading on Friday, hitting $5.99. 225,185 shares of the company’s stock were exchanged, compared to its average volume of 195,798. The stock has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21. The business’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.78. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30.

Arteris (NASDAQ:AIP) last posted its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The business had revenue of $15.49 million during the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, equities analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in Arteris during the fourth quarter worth $46,000. US Bancorp DE grew its stake in shares of Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after acquiring an additional 1,283 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Arteris in the fourth quarter valued at about $64,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Arteris in the fourth quarter valued at about $110,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Arteris during the fourth quarter valued at about $117,000. Institutional investors own 64.36% of the company’s stock.

Analysts Set New Price Targets

AIP has been the subject of several recent analyst reports. Northland Securities raised their price objective on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Arteris in a research report on Tuesday, February 18th.

About Arteris

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.