Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells $41,076.10 in Stock

Arteris, Inc. (NASDAQ:AIP) VP Paul L. Alpern sold 3,326 shares of Arteris stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $12.35, for a total value of $41,076.10. Following the completion of the transaction, the vice president now owns 61,604 shares of the company’s stock, valued at approximately $760,809.40. This represents a 5.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Arteris Stock Performance

Shares of NASDAQ:AIP opened at $11.10 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 12 month low of $4.83 and a 12 month high of $12.64. The company has a market capitalization of $445.96 million, a price-to-earnings ratio of -11.56 and a beta of 1.17. The firm’s 50-day moving average is $9.33 and its 200 day moving average is $8.18.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. US Bancorp DE bought a new stake in shares of Arteris during the 3rd quarter worth approximately $34,000. The Manufacturers Life Insurance Company bought a new stake in shares of Arteris during the second quarter worth $86,000. Algert Global LLC purchased a new stake in shares of Arteris during the second quarter valued at $115,000. MetLife Investment Management LLC grew its holdings in shares of Arteris by 129.1% in the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after purchasing an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Arteris in the 3rd quarter worth about $226,000. Institutional investors own 64.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Arteris in a report 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.