Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 50,000 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 50,000 shares of Arteris stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $10.33, for a total value of $516,500.00. Following the sale, the chief executive officer now directly owns 9,907,691 shares of the company’s stock, valued at $102,346,448.03. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total value of $104,050.88.
• 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 transaction 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 transaction 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 transaction 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 value 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 value of $10,656.36.

Arteris Stock Performance

NASDAQ AIP opened at $9.62 on Thursday. The firm has a market cap of $386.53 million, a P/E ratio of -10.02 and a beta of 1.18. Arteris, Inc. has a 52-week low of $5.76 and a 52-week high of $12.64. The business’s 50-day moving average price is $10.40 and its 200 day moving average price is $8.60. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AIP. US Bancorp DE raised its holdings in Arteris by 29.0% during the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock worth $58,000 after purchasing an additional 1,283 shares in the last quarter. R Squared Ltd acquired a new position in Arteris during the 4th quarter worth approximately $64,000. Renaissance Technologies LLC raised its stake in shares of Arteris by 6.1% during the 2nd quarter. Renaissance Technologies LLC now owns 114,700 shares of the company’s stock worth $861,000 after buying an additional 6,600 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Arteris by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock valued at $131,000 after buying an additional 9,551 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Arteris during the second quarter worth $86,000. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.