Arteris, Inc. (NASDAQ:AIP – Get Free Report) COO Laurent Moll sold 23,762 shares of Arteris stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $10.98, for a total value of $260,906.76. Following the sale, the chief operating officer directly owned 362,639 shares in the company, valued at approximately $3,981,776.22. The trade was a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Arteris Stock Performance
Shares of NASDAQ AIP opened at $13.49 on Thursday. The firm has a market cap of $575.35 million, a price-to-earnings ratio of -16.45 and a beta of 1.45. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $14.58. The stock’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $8.53.
Arteris (NASDAQ:AIP – Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $16.50 million during the quarter, compared to analyst estimates of $16.35 million. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.41%. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.
Hedge Funds Weigh In On Arteris
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Wall Street Zen raised Arteris from a “sell” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a report on Wednesday. Finally, TD Cowen boosted their price objective on Arteris from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Arteris presently has an average rating of “Moderate Buy” and an average target price of $15.00.
Check Out Our Latest Stock Report on AIP
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.
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