Insider Selling: Arteris, Inc. (NASDAQ:AIP) COO Sells 4,704 Shares of 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 shares were sold at an average price of $8.99, for a total transaction of $42,288.96. Following the transaction, the chief operating officer owned 478,761 shares in the company, valued at $4,304,061.39. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Arteris Trading Down 2.2%

NASDAQ AIP traded down $0.21 during trading hours on Thursday, reaching $9.22. 393,434 shares of the company traded hands, compared to its average volume of 232,246. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $12.64. The stock has a market capitalization of $387.06 million, a PE ratio of -11.24 and a beta of 1.44. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $8.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. US Bancorp DE lifted its position in shares of Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock worth $58,000 after buying an additional 1,283 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Arteris by 6.0% in the 4th quarter. American Century Companies Inc. now owns 30,357 shares of the company's stock worth $309,000 after buying an additional 1,731 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Arteris by 14.0% in the 4th quarter. EntryPoint Capital LLC now owns 19,814 shares of the company's stock worth $202,000 after buying an additional 2,430 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock worth $802,000 after buying an additional 3,298 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Arteris by 38.9% in the 4th quarter. Wells Fargo & Company MN now owns 13,192 shares of the company's stock worth $134,000 after buying an additional 3,694 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.

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 research note on Wednesday, May 21st.

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.