Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells $14,535.72 in Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll sold 1,161 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.52, for a total transaction of $14,535.72. Following the completion of the transaction, the chief operating officer now directly owns 450,600 shares of the company’s stock, valued at approximately $5,641,512. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Arteris Trading Down 1.3 %

Shares of AIP opened at $11.10 on Friday. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64. The company has a market capitalization of $445.96 million, a P/E ratio of -11.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50 day simple moving average is $9.33 and its 200 day simple moving average is $8.18.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE purchased a new position in Arteris in the third quarter worth $34,000. The Manufacturers Life Insurance Company purchased a new stake in Arteris during the second quarter valued at about $86,000. Algert Global LLC bought a new stake in Arteris during the second quarter worth about $115,000. MetLife Investment Management LLC boosted its holdings in shares of Arteris by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Arteris during the 3rd quarter valued at about $226,000. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Arteris Company Profile

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.