Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 6,256 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 6,256 shares of Arteris stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $71,380.96. Following the completion of the sale, the chief executive officer now directly owns 268,520 shares in the company, valued at approximately $3,063,813.20. This represents a 2.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were sold at an average price of $12.34, for a total value of $104,050.88.
• 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 transaction of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was 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

Shares of AIP stock opened at $11.25 on Thursday. Arteris, Inc. has a 52 week low of $4.83 and a 52 week high of $12.64. The company has a market capitalization of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17. The company has a 50-day simple moving average of $9.08 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16.

Institutional Investors Weigh In On Arteris

Several hedge funds have recently bought and sold shares of AIP. US Bancorp DE acquired a new position in shares of Arteris in the third quarter valued at approximately $34,000. The Manufacturers Life Insurance Company acquired a new position in Arteris in the 2nd quarter valued at $86,000. Algert Global LLC bought a new position in Arteris during the 2nd quarter worth $115,000. MetLife Investment Management LLC lifted its holdings in shares of Arteris by 129.1% during the third quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after buying an additional 9,551 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Arteris in the third quarter valued at about $226,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.