Laurent R. Moll Sells 4,704 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) COO Laurent R. Moll sold 4,704 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $8.99, for a total value of $42,288.96. Following the sale, the chief operating officer directly owned 478,761 shares of the company's stock, valued at approximately $4,304,061.39. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Arteris Trading Up 0.7%

Shares of Arteris stock traded up $0.06 during mid-day trading on Monday, hitting $9.29. 539,679 shares of the stock were exchanged, compared to its average volume of 229,363. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64. The stock has a market capitalization of $389.99 million, a price-to-earnings ratio of -11.33 and a beta of 1.44. The company has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $8.56.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in Arteris in the 4th quarter worth approximately $46,000. US Bancorp DE lifted its stake in shares of Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock worth $58,000 after purchasing an additional 1,283 shares during the period. CWM LLC boosted its holdings in shares of Arteris by 4,810.1% during the first quarter. CWM LLC now owns 10,213 shares of the company's stock worth $71,000 after purchasing an additional 10,005 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Arteris in the first quarter valued at $95,000. Finally, Strs Ohio acquired a new position in Arteris in the first quarter valued at $104,000. Hedge funds and other institutional investors own 64.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.