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 stock was sold at an average price of $7.12, for a total value of $33,485.36. Following the sale, the chief operating officer now owns 482,833 shares in the company, valued at $3,437,770.96. This trade represents a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Arteris Stock Performance

NASDAQ:AIP traded down $0.61 during trading hours on Friday, reaching $5.99. The stock had a trading volume of 225,185 shares, compared to its average volume of 195,798. The stock has a market cap of $245.28 million, a P/E ratio of -6.88 and a beta of 1.21. The stock has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $8.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64.

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

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP bought a new position in Arteris in the 4th quarter worth approximately $46,000. US Bancorp DE boosted its holdings in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after acquiring an additional 1,283 shares during the period. R Squared Ltd purchased a new position in shares of Arteris in the fourth quarter valued at $64,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Arteris in the fourth quarter valued at $110,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Arteris during the fourth quarter valued at about $117,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Northland Securities raised their target price on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th.

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.