Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 22,865 Shares

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 22,865 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 directly owns 468,727 shares in the company, valued at approximately $5,174,746.08. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arteris Stock Performance

NASDAQ AIP opened at $12.28 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $12.64. The business has a fifty day moving average of $9.00 and a 200-day moving average of $8.08. The stock has a market cap of $493.37 million, a price-to-earnings ratio of -12.79 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC raised its holdings in Arteris by 14.7% in the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after acquiring an additional 350,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in Arteris in the third quarter valued at $2,504,000. Bank of New York Mellon Corp purchased a new position in Arteris during the second quarter worth about $580,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Arteris in the 2nd quarter worth about $554,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Arteris by 36.3% in 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. Institutional investors and hedge funds 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 target on shares of Arteris in a 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.