In a recent transaction, Laurent R. Moll, the Chief Operating Officer of Arteris, Inc. (NASDAQ:AIP), sold a total of 4,772 shares of the company's common stock. These sales occurred on April 2nd and 3rd, as documented in the latest SEC filings.
On April 2nd, Moll sold 2,206 shares at a price of $7.0267 per share, followed by another 1,985 shares at the same price, totaling approximately $29,448. The following day, Moll sold an additional 581 shares at an average price of $7.1721, amounting to around $4,166. The sales were executed under a 10b5-1 trading plan, a pre-arranged trading plan for the automatic selling of shares at predetermined times.
The transactions were made public through the SEC Form 4 filing, which also indicated that the sales were partly to satisfy tax liabilities arising from the release of restricted stock units. Following these transactions, Moll still holds a significant number of shares in Arteris, including 411,017 restricted stock units.
Arteris, based in Campbell, California, specializes in semiconductor and related devices, and is known for its contributions to the technology and manufacturing sectors. The company's stock is traded under the ticker symbol AIP on the NASDAQ exchange.
InvestingPro Insights
Arteris, Inc. (NASDAQ:AIP), a company specializing in semiconductor and related devices, has shown some interesting financial metrics as of the last twelve months ending in Q4 2023. The company boasts a robust gross profit margin of 90.54%, which underscores its ability to maintain costs effectively relative to its revenues. This impressive margin is a testament to the company's operational efficiency in the highly competitive tech sector.
Despite not being profitable over the last twelve months, with a reported operating income margin of -65.48%, Arteris has demonstrated a strong return over the last three months, with a price total return of 35.32%. This indicates a positive market sentiment and investor confidence in the company's growth potential. The InvestingPro Tips further highlight that Arteris holds more cash than debt on its balance sheet, which could provide financial flexibility and stability for the company's future endeavors.
Investors should also note that the company's Price / Book multiple stands at 17.69, reflecting a high valuation by the market relative to the company's book value. While this can signify investor optimism about future growth, it could also suggest cautious evaluation for those concerned with value investing principles.
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