Arteris, Inc. (NASDAQ:AIP) COO Laurent R. Moll Sells 34,400 Shares

Key Points

• The COO of Arteris, Inc., Laurent R. Moll, sold 34,400 shares at an average price of $13.57, totaling approximately $466,808, resulting in a 7.22% decrease in his ownership stake.
• Following his sale, Moll retains 442,071 shares in the company, valued at nearly $6 million, while Arteris' stock has a current trading price of $9.31.
• Several analyst reports have rated Arteris with a "buy" recommendation, with price targets ranging from $14.00 to $15.00, highlighting positive sentiment on the stock despite recent declines.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent R. Moll sold 34,400 shares of Arteris stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.57, for a total transaction of $466,808.00. Following the completion of the transaction, the chief operating officer directly owned 442,071 shares in the company, valued at approximately $5,998,903.47. The trade was a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arteris Price Performance

AIP traded up $0.02 during trading on Monday, hitting $9.32. The stock had a trading volume of 159,347 shares, compared to its average volume of 538,752. Arteris, Inc. has a one year low of $5.46 and a one year high of $14.29. The firm has a market cap of $397.28 million, a price-to-earnings ratio of -11.37 and a beta of 1.45. The company has a 50 day moving average price of $9.15 and a 200-day moving average price of $8.32.

Institutional Investors Weigh In On Arteris

Several large investors have recently added to or reduced their stakes in AIP. Cambridge Investment Research Advisors Inc. bought a new position in shares of Arteris in the first quarter valued at approximately $95,000. G2 Investment Partners Management LLC bought a new stake in Arteris during the fourth quarter worth about $2,799,000. BNP Paribas Financial Markets bought a new stake in shares of Arteris in the 4th quarter valued at about $214,000. Two Sigma Advisers LP grew its holdings in shares of Arteris by 82.9% during the 4th quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock worth $240,000 after acquiring an additional 10,700 shares during the period. Finally, EAM Investors LLC purchased a new stake in shares of Arteris in the 4th quarter worth approximately $983,000. Institutional investors and hedge funds own 64.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AIP. TD Cowen lifted their price target on shares of Arteris from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Rosenblatt Securities restated a "buy" rating and set a $14.00 price objective on shares of Arteris in a report on Wednesday, May 21st.

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.