Laurent R. Moll Sells 4,703 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 4,703 shares of Arteris stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $33,485.36. Following the transaction, the chief operating officer now directly owns 482,833 shares of the company’s stock, valued at approximately $3,437,770.96. The trade was a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arteris Stock Down 9.2 %

Shares of NASDAQ:AIP opened at $5.99 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. The firm has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.31. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64. The company’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $8.79.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company had revenue of $15.49 million for the quarter, compared to analyst estimates of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, research analysts forecast that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AIP. Northland Securities lifted their price target on shares of Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 target price on shares of Arteris in a report on Tuesday, February 18th.

Institutional Investors Weigh In On Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in AIP. PVG Asset Management Corp acquired a new position in shares of Arteris during the fourth quarter valued at $151,000. PharVision Advisers LLC bought a new stake in Arteris during the 4th quarter worth about $173,000. Squarepoint Ops LLC acquired a new position in Arteris during the 4th quarter valued at about $160,000. Two Sigma Advisers LP boosted its stake in shares of Arteris by 82.9% in the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company’s stock valued at $240,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Arteris by 166.0% during the 4th quarter. Two Sigma Investments LP now owns 60,533 shares of the company’s stock worth $617,000 after buying an additional 37,772 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.

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.