Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 5,638 Shares of Stock

Key Points

• Nicholas B. Hawkins, CFO of Arteris, Inc., sold 5,638 shares at an average price of $9.03, amounting to a total of $50,911.14, which decreased his ownership in the company by 4.51%.
• Arteris, Inc. saw a significant trading increase of 4.4% recently, with shares hitting $9.45 and a trading volume of 1,702,111, which is much higher than its average of 333,228 shares.
• Several institutional investors have shown interest in Arteris, with 64.36% of the company’s stock now owned by hedge funds and institutional investors after notable increases in their stakes.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CFO Nicholas B. Hawkins sold 5,638 shares of Arteris stock in a transaction on Friday, August 1st. The stock was sold at an average price of $9.03, for a total transaction of $50,911.14. Following the sale, the chief financial officer owned 119,272 shares in the company, valued at $1,077,026.16. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Arteris Trading Up 4.4%

NASDAQ:AIP traded up $0.40 during midday trading on Monday, hitting $9.45. 1,702,111 shares of the company were exchanged, compared to its average volume of 333,228. The company has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $8.40. Arteris, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.64. The company has a market capitalization of $396.71 million, a PE ratio of -11.52 and a beta of 1.45.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $14.00 price target on shares of Arteris in a research note on Wednesday, May 21st.

Institutional Investors Weigh In On Arteris

Hedge funds and other institutional investors have recently bought and sold shares of the stock. G2 Investment Partners Management LLC acquired a new position in Arteris in the fourth quarter valued at $2,799,000. Acadian Asset Management LLC increased its stake in Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after purchasing an additional 260,277 shares during the period. AQR Capital Management LLC acquired a new position in Arteris in the first quarter valued at $1,621,000. Federated Hermes Inc. increased its stake in Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock valued at $2,260,000 after purchasing an additional 161,241 shares during the period. Finally, Next Century Growth Investors LLC increased its stake in Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after purchasing an additional 129,143 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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