Laurent Moll Sells 32,775 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) COO Laurent Moll sold 32,775 shares of Arteris stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $15.42, for a total transaction of $505,390.50. Following the completion of the sale, the chief operating officer directly owned 311,110 shares of the company’s stock, valued at approximately $4,797,316.20. The trade was a 9.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Arteris Stock Down 2.8%

NASDAQ:AIP traded down $0.41 during trading hours on Friday, hitting $14.48. 953,875 shares of the company traded hands, compared to its average volume of 587,988. Arteris, Inc. has a one year low of $5.46 and a one year high of $15.92. The company has a market cap of $632.49 million, a PE ratio of -17.45 and a beta of 1.49. The firm’s 50-day simple moving average is $11.49 and its 200-day simple moving average is $9.58.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The firm had revenue of $16.50 million during the quarter, compared to analyst estimates of $16.35 million. As a group, equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Cowen restated a “buy” rating on shares of Arteris in a research report on Wednesday. Jefferies Financial Group upgraded Arteris to a “hold” rating in a report on Tuesday, October 28th. TD Cowen boosted their target price on Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities boosted their target price on Arteris from $14.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Institutional Trading of Arteris

Several institutional investors have recently added to or reduced their stakes in AIP. Raymond James Financial Inc. bought a new stake in Arteris during the 2nd quarter valued at about $32,000. CWM LLC boosted its position in Arteris by 4,810.1% during the first quarter. CWM LLC now owns 10,213 shares of the company’s stock valued at $71,000 after purchasing an additional 10,005 shares in the last quarter. Savant Capital LLC purchased a new position in shares of Arteris in the 2nd quarter worth approximately $97,000. Kapitalo Investimentos Ltda acquired a new position in shares of Arteris during the second quarter worth $104,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Arteris in the first quarter valued at about $95,000. Institutional investors own 64.36% of the company’s stock.

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.