Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells $71,380.96 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 6,256 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 268,520 shares in the company, valued at approximately $3,063,813.20. This trade represents a 2.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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

Shares of AIP opened at $11.25 on Thursday. The firm’s 50 day moving average price is $9.08 and its two-hundred day moving average price is $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. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $12.64. The firm has a market cap of $451.99 million, a P/E ratio of -11.72 and a beta of 1.17.

Hedge Funds Weigh In On Arteris

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new stake in shares of Arteris in the third quarter valued at about $34,000. The Manufacturers Life Insurance Company bought a new stake in Arteris in the 2nd quarter valued at approximately $86,000. Algert Global LLC acquired a new position in Arteris during the 2nd quarter worth approximately $115,000. MetLife Investment Management LLC boosted its position in Arteris by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 16,951 shares of the company’s stock worth $131,000 after acquiring an additional 9,551 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Arteris during the 3rd quarter worth approximately $226,000. 64.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a report 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.