Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 10,000 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $7.22, for a total transaction of $72,200.00. Following the completion of the transaction, the chief financial officer now directly owns 252,896 shares of the company’s stock, valued at approximately $1,825,909.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Stock Down 3.7 %

Shares of Arteris stock opened at $6.75 on Thursday. Arteris, Inc. has a 52-week low of $3.57 and a 52-week high of $8.08. The company has a 50 day moving average of $7.05 and a 200 day moving average of $6.14. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $255.49 million, a P/E ratio of -6.49 and a beta of 1.03.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Arteris had a negative return on equity of 150.71% and a negative net margin of 68.70%. The company had revenue of $12.50 million for the quarter, compared to analyst estimates of $11.90 million. As a group, research analysts forecast that Arteris, Inc. will post -0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued an “outperform” rating and issued a $17.00 price objective on shares of Arteris in a research note on Tuesday, February 20th.

Institutional Trading of Arteris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Arteris by 89.2% in the 1st quarter. Barclays PLC now owns 9,021 shares of the company’s stock valued at $38,000 after acquiring an additional 4,253 shares during the period. CI Private Wealth LLC acquired a new position in shares of Arteris in the 4th quarter valued at $45,000. Deutsche Bank AG increased its holdings in shares of Arteris by 51.9% in the 1st quarter. Deutsche Bank AG now owns 11,386 shares of the company’s stock valued at $48,000 after acquiring an additional 3,892 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Arteris in the 1st quarter valued at $50,000. Finally, American International Group Inc. increased its holdings in shares of Arteris by 203.5% in the 2nd quarter. American International Group Inc. now owns 7,921 shares of the company’s stock valued at $55,000 after acquiring an additional 5,311 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

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.