Arteris, Inc. (NASDAQ:AIP) COO Sells $252,429.60 in Stock

by · The Cerbat Gem

Arteris, Inc. (NASDAQ:AIP – Get Free Report) COO Laurent R. Moll sold 22,865 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $11.04, for a total value of $252,429.60. Following the transaction, the chief operating officer now owns 468,727 shares of the company’s stock, valued at $5,174,746.08. This trade represents a 4.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Stock Performance

Shares of NASDAQ:AIP opened at $11.25 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s 50 day simple moving average is $9.00 and its 200-day simple moving average is $8.08. The firm has a market cap of $451.99 million, a PE ratio of -11.72 and a beta of 1.17. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.64.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Needham Investment Management LLC boosted its position in Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after purchasing an additional 350,000 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of Arteris in the third quarter valued at approximately $2,504,000. Bank of New York Mellon Corp acquired a new stake in shares of Arteris in the 2nd quarter worth $580,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Arteris during the second quarter worth about $554,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after buying an additional 67,414 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report on Wednesday, November 6th.

Check Out Our Latest Stock Analysis on Arteris

Arteris Company Profile

(Get Free Report)

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.

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