Internal Sales: Arteris, Inc. (NASDAQ:AIP) COO sells $281,331.89 worth of stock

Arteris, Inc. (NASDAQ:AIP – Get Your Free Report ) COO Laurent R. Moll sold 37,561 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $7.49, for a total value of $281,331.89. Following the transaction, the chief operating officer now directly owns 544,468 shares in the company, valued at $4,078,065.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link.

Arteris trading down 3.2%

Shares of NASDAQ:AIP opened at $7.05 on Monday. The stock’s 50-day simple moving average is $7.86, and its two-hundred-day simple moving average is $7.57. The stock has a market cap of $271.28 million, a price-to-earnings ratio of -6.84 and a beta of 1.12. Arteris, Inc. it has a 52 week low of $4.20 and a 52 week high of $9.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.14, and a current ratio of 1.14.

Arteris (NASDAQ:AIP – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. The business had revenue of $14.58 million during the quarter, compared to analysts’ expectations of $13.68 million. During the same period in the previous year, the business posted EPS of ($0.25). Analysts expect Arteris, Inc. will record -0.9 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Several equities analysts have issued reports on AIP shares. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Monday, August 5th. Westpark Capital restated a “buy” rating and set a $11.00 price objective on shares of Arteris in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $9.00 target price (down previously from $11.00) on shares of Arteris in a report on Monday, May 13th .

Get the latest report on Arteris

Institutional investors are weighing on Arteris

Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new stake in Arteris during the fourth quarter valued at about $60,000. The Manufacturers Life Insurance Company bought a new position in shares of Arteris during the second quarter valued at about $86,000. Algert Global LLC bought a new stake in Arteris in the second quarter valued at approximately $115,000. Rhumbline Advisers boosted its holdings in Arteris by 2,182.8% during the second quarter. Rhumbline Advisers now owns 31,822 shares of the company’s stock valued at $239,000 after buying an additional 30,428 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Arteris in the second quarter valued at about $554,000. 64.36% of the shares are currently held by hedge funds and other institutional investors.

About Arteris

(Get a free report)

Arteris, Inc provides intellectual property (IP) software solutions for semiconductor interconnect and System-on-Chip (Soc) Integration Automation (SIA) in the Americas, Asia Pacific, Europe and the Middle East. The company develops, licenses, and supports interconnect-on-chip fab technology used in Network-on-Chip (NoC) SoC and IP interconnect designs.

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