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 the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $9.23, for a total value of $14,343.42. Following the sale, the chief operating officer owned 477,207 shares of the company's stock, valued at approximately $4,404,620.61. This represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arteris Stock Performance

Shares of NASDAQ AIP traded down $0.21 during mid-day trading on Thursday, hitting $9.22. The stock had a trading volume of 393,765 shares, compared to its average volume of 232,246. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $8.57. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64. The firm has a market cap of $387.06 million, a PE ratio of -11.24 and a beta of 1.44.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Arteris

Several hedge funds have recently made changes to their positions in AIP. Strs Ohio acquired a new stake in Arteris during the 1st quarter worth about $104,000. Acadian Asset Management LLC grew its position in Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after purchasing an additional 260,277 shares during the period. Needham Investment Management LLC grew its position in 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 purchasing an additional 67,500 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Arteris by 48.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 249,517 shares of the company's stock worth $1,724,000 after purchasing an additional 81,516 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Arteris during the 1st quarter worth about $1,621,000. 64.36% of the stock is 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.