Aterian, Inc. (NASDAQ:ATER) CTO Roi Zion Zahut Sells 23,833 Shares of Stock

Aterian, Inc. (NASDAQ:ATERGet Rating) CTO Roi Zion Zahut sold 23,833 shares of Aterian stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $2.56, for a total transaction of $61,012.48. Following the transaction, the chief technology officer now directly owns 470,462 shares in the company, valued at approximately $1,204,382.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ ATER opened at $2.41 on Friday. The firm’s fifty day moving average is $3.96 and its two-hundred day moving average is $3.62. Aterian, Inc. has a 52-week low of $2.10 and a 52-week high of $19.10. The company has a market cap of $149.64 million, a P/E ratio of -0.46 and a beta of 1.30.

Aterian (NASDAQ:ATERGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.25) EPS for the quarter, hitting analysts’ consensus estimates of ($0.25). Aterian had a negative return on equity of 33.08% and a negative net margin of 80.79%. During the same period in the prior year, the company earned ($0.64) EPS. As a group, equities analysts anticipate that Aterian, Inc. will post -1.19 earnings per share for the current fiscal year.

Several analysts have recently commented on ATER shares. Alliance Global Partners decreased their price objective on shares of Aterian from $9.00 to $4.50 in a research report on Friday, March 11th. DA Davidson decreased their price target on Aterian from $14.00 to $7.00 in a report on Wednesday, March 9th. Finally, BTIG Research dropped their price objective on Aterian from $9.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th.

Several hedge funds have recently bought and sold shares of ATER. Virtu Financial LLC purchased a new stake in Aterian during the first quarter valued at $61,000. Quantbot Technologies LP purchased a new stake in shares of Aterian during the 1st quarter valued at about $149,000. Goldman Sachs Group Inc. lifted its holdings in shares of Aterian by 155.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,924 shares of the company’s stock valued at $520,000 after acquiring an additional 130,328 shares during the last quarter. State Street Corp grew its position in Aterian by 16.6% in the first quarter. State Street Corp now owns 551,522 shares of the company’s stock worth $1,340,000 after acquiring an additional 78,656 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Aterian during the first quarter worth approximately $4,307,000. 17.13% of the stock is owned by hedge funds and other institutional investors.

About Aterian (Get Rating)

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. The company provides Artificial Intelligence Marketplace e-Commerce Engine, a software technology platform, which uses machine learning, natural language processing, and data analytics to design, develop, market, and sell products.

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Insider Buying and Selling by Quarter for Aterian (NASDAQ:ATER)

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