Insider Selling: Arteris (NASDAQ:AIP) COO Sells $260,906.76 in Stock

Arteris, Inc. (NASDAQ:AIPGet 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:AIPGet 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

Several institutional investors have recently made changes to their positions in the stock. Needham Investment Management LLC grew its holdings in shares of Arteris by 2.5% during the first quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company’s stock valued at $19,434,000 after purchasing an additional 67,500 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Arteris by 9.6% during the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company’s stock worth $15,602,000 after buying an additional 142,936 shares during the period. Acadian Asset Management LLC increased its position in Arteris by 9.6% in the 2nd quarter. Acadian Asset Management LLC now owns 987,011 shares of the company’s stock valued at $9,403,000 after acquiring an additional 86,288 shares during the period. Westerly Capital Management LLC increased its position in Arteris by 14.5% in the 2nd quarter. Westerly Capital Management LLC now owns 680,000 shares of the company’s stock valued at $6,480,000 after acquiring an additional 85,950 shares during the period. Finally, Geode Capital Management LLC raised its stake in Arteris by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 652,754 shares of the company’s stock valued at $6,222,000 after acquiring an additional 30,018 shares in the last quarter. 64.36% of the stock is owned by institutional investors.

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

(Get Free Report)

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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