Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells 19,299 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 19,299 shares of Arteris stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $8.14, for a total value of $157,093.86. Following the completion of the sale, the chief financial officer now directly owns 192,414 shares of the company’s stock, valued at approximately $1,566,249.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arteris Trading Down 3.3 %

AIP traded down $0.28 during trading on Friday, hitting $8.31. 207,742 shares of the company’s stock were exchanged, compared to its average volume of 163,245. Arteris, Inc. has a 1 year low of $4.27 and a 1 year high of $9.54. The stock has a 50 day moving average price of $7.33 and a 200 day moving average price of $7.65. The firm has a market cap of $326.23 million, a P/E ratio of -8.95 and a beta of 1.13. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

AIP has been the subject of a number of research analyst reports. Westpark Capital reaffirmed a “buy” rating and set a $11.00 price objective on shares of Arteris in a research note on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research report on Wednesday.

Institutional Trading of Arteris

A number of institutional investors have recently added to or reduced their stakes in AIP. Vanguard Group Inc. boosted its holdings in Arteris by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock worth $8,390,000 after acquiring an additional 3,242 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of Arteris by 25.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 711,903 shares of the company’s stock valued at $5,211,000 after purchasing an additional 143,385 shares during the period. Acadian Asset Management LLC grew its holdings in Arteris by 28.1% during the 1st quarter. Acadian Asset Management LLC now owns 534,472 shares of the company’s stock valued at $3,911,000 after purchasing an additional 117,312 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Arteris during the 3rd quarter worth $2,504,000. Finally, GSA Capital Partners LLP lifted its holdings in Arteris by 26.9% in the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock worth $973,000 after buying an additional 28,165 shares in the last quarter. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.