Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells 22,865 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $11.04, for a total transaction of $252,429.60. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arteris Price Performance

Arteris stock traded up $0.03 during midday trading on Monday, reaching $12.28. The company’s stock had a trading volume of 495,407 shares, compared to its average volume of 869,555. The firm has a market capitalization of $493.37 million, a PE ratio of -12.79 and a beta of 1.17. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The stock’s 50 day simple moving average is $9.00 and its 200 day simple moving average is $8.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in Arteris during the second quarter worth about $580,000. Rhumbline Advisers increased its stake in Arteris by 2,182.8% in the 2nd quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after purchasing an additional 30,428 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Arteris by 6.1% during the second quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after purchasing an additional 6,600 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Arteris during the second quarter worth $554,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Arteris in the second quarter valued at $86,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

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

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.