Insider Selling: Arteris, Inc. (NASDAQ:AIP) CFO Sells $56,270.40 in Stock

Arteris, Inc. (NASDAQ:AIP) CFO Nicholas B. Hawkins sold 4,560 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $12.34, for a total transaction of $56,270.40. Following the completion of the transaction, the chief financial officer now owns 165,308 shares of the company’s stock, valued at approximately $2,039,900.72. The trade was a 2.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Arteris Stock Performance

Shares of AIP stock opened at $11.10 on Friday. The stock’s 50-day moving average price is $9.33 and its 200 day moving average price is $8.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $445.96 million, a PE ratio of -11.56 and a beta of 1.17. Arteris, Inc. has a 52-week low of $4.83 and a 52-week high of $12.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AIP. US Bancorp DE acquired a new stake in shares of Arteris during the third quarter worth $34,000. The Manufacturers Life Insurance Company acquired a new position in Arteris in the 2nd quarter valued at $86,000. Algert Global LLC purchased a new position in Arteris during the 2nd quarter worth $115,000. MetLife Investment Management LLC lifted its stake in shares of Arteris by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after acquiring an additional 9,551 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arteris in the third quarter valued at about $226,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Wednesday, November 6th.

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.