Insider Selling: Arteris, Inc. (NASDAQ:AIP) VP Sells $12,270.96 in Stock

Arteris, Inc. (NASDAQ:AIP – Free Report) VP Paul L. Alpern sold 1,748 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $7.02, for a total value of $12,270.96. Following the completion of the sale, the vice president now owns 44,230 shares of the company’s stock, valued at $310,494.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Arteris Price Performance

Shares of NASDAQ AIP opened at $6.90 on Friday. Arteris, Inc. has a twelve month low of $3.27 and a twelve month high of $9.07. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $244.05 million, a price-to-earnings ratio of -7.84 and a beta of 0.89. The business has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $5.32.

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Arteris (NASDAQ:AIP – Free Report) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. Arteris had a negative return on equity of 73.37% and a negative net margin of 57.12%. The business had revenue of $13.15 million during the quarter, compared to the consensus estimate of $11.86 million. As a group, equities research analysts expect that Arteris, Inc. will post -0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC grew its stake in Arteris by 6.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 773,356 shares of the company’s stock worth $5,151,000 after buying an additional 46,347 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Arteris during the 1st quarter worth $50,000. Deutsche Bank AG boosted its position in Arteris by 51.9% during the 1st quarter. Deutsche Bank AG now owns 11,386 shares of the company’s stock worth $48,000 after acquiring an additional 3,892 shares during the period. CI Private Wealth LLC acquired a new position in Arteris during the 4th quarter worth $45,000. Finally, Barclays PLC boosted its position in Arteris by 89.2% during the 1st quarter. Barclays PLC now owns 9,021 shares of the company’s stock worth $38,000 after acquiring an additional 4,253 shares during the period. 25.00% of the stock is currently owned by institutional investors.

About Arteris

(Free Report)

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and IP deployment solutions 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 System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP.

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