Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells $104,050.88 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 8,432 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 $104,050.88. Following the completion of the transaction, the chief executive officer now owns 260,088 shares of the company’s stock, valued at $3,209,485.92. This represents a 3.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

K Charles Janac also recently made the following trade(s):

• On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The shares were sold at an average price of $11.41, for a total value of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total value of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The shares were sold at an average price of $10.42, for a total value of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The shares were sold at an average price of $10.01, for a total transaction of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was sold at an average price of $10.12, for a total transaction of $180,702.72.
• On Tuesday, December 3rd, K Charles Janac sold 1,242 shares of Arteris stock. The shares were sold at an average price of $8.58, for a total transaction of $10,656.36.

Arteris Stock Performance

NASDAQ:AIP opened at $11.10 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $445.96 million, a price-to-earnings ratio of -11.56 and a beta of 1.17. The firm’s fifty day moving average price is $9.33 and its 200 day moving average price is $8.18. Arteris, Inc. has a 1-year low of $4.83 and a 1-year high of $12.64.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in AIP. State Street Corp lifted its position in Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after purchasing an additional 64,081 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Arteris in the second quarter valued at approximately $580,000. Geode Capital Management LLC grew its holdings in Arteris by 6.6% during the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock worth $4,610,000 after acquiring an additional 36,908 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Arteris in the third quarter worth $226,000. Finally, Barclays PLC lifted its holdings in Arteris by 321.1% in the third quarter. Barclays PLC now owns 39,396 shares of the company’s stock valued at $304,000 after acquiring an additional 30,041 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

About Arteris

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.