Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells 1,554 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent R. Moll sold 1,554 shares of Arteris stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $9.23, for a total value of $14,343.42. Following the sale, the chief operating officer directly owned 477,207 shares of the company's stock, valued at $4,404,620.61. This represents a 0.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Arteris Stock Performance

Shares of AIP stock traded up $0.06 during trading on Monday, hitting $9.29. The company had a trading volume of 539,679 shares, compared to its average volume of 229,363. The firm has a market capitalization of $389.99 million, a P/E ratio of -11.33 and a beta of 1.44. The stock's 50-day moving average price is $7.95 and its 200 day moving average price is $8.56. Arteris, Inc. has a one year low of $5.46 and a one year high of $12.64.

Wall Street Analyst Weigh In

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

Institutional Trading of Arteris

A number of institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC lifted its position in shares of Arteris by 2.5% during the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock worth $19,434,000 after buying an additional 67,500 shares during the last quarter. Samjo Management LLC raised its stake in Arteris by 0.9% during the fourth quarter. Samjo Management LLC now owns 1,157,250 shares of the company's stock worth $11,792,000 after acquiring an additional 10,000 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after acquiring an additional 260,277 shares during the last quarter. Next Century Growth Investors LLC boosted its stake in shares of Arteris by 46.4% in the 1st 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 in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Arteris by 97.2% in the 1st 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 in the last quarter. 64.36% of the stock is currently owned by institutional investors.

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.

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