Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells $72,200.00 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 10,000 shares of Arteris stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $7.22, for a total transaction of $72,200.00. Following the transaction, the chief financial officer now owns 252,896 shares in the company, valued at approximately $1,825,909.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Arteris Stock Down 3.7 %

Shares of AIP stock opened at $6.75 on Thursday. The company has a market capitalization of $255.49 million, a price-to-earnings ratio of -6.49 and a beta of 1.03. Arteris, Inc. has a one year low of $3.57 and a one year high of $8.08. The company’s fifty day moving average price is $7.05 and its 200-day moving average price is $6.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 1.26.

Arteris (NASDAQ:AIP) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $12.50 million for the quarter, compared to the consensus estimate of $11.90 million. Arteris had a negative net margin of 68.70% and a negative return on equity of 150.71%. Sell-side analysts expect that Arteris, Inc. will post -0.9 EPS for the current fiscal year.

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently modified their holdings of AIP. Barclays PLC increased its holdings in Arteris by 89.2% in the 1st quarter. Barclays PLC now owns 9,021 shares of the company’s stock valued at $38,000 after acquiring an additional 4,253 shares during the last quarter. CI Private Wealth LLC bought a new stake in Arteris in the 4th quarter valued at $45,000. Deutsche Bank AG increased its holdings in Arteris by 51.9% in the 1st quarter. Deutsche Bank AG now owns 11,386 shares of the company’s stock valued at $48,000 after acquiring an additional 3,892 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Arteris in the 1st quarter valued at $50,000. Finally, American International Group Inc. increased its holdings in Arteris by 203.5% in the 2nd quarter. American International Group Inc. now owns 7,921 shares of the company’s stock valued at $55,000 after acquiring an additional 5,311 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Arteris in a research note on Tuesday, February 20th.

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.