Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 58,212 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 58,212 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $10.33, for a total transaction of $601,329.96. Following the completion of the sale, the chief executive officer now owns 10,020,588 shares of the company’s stock, valued at $103,512,674.04. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 transaction of $10,656.36.

Arteris Trading Up 16.7 %

Shares of NASDAQ AIP traded up $1.70 during trading on Thursday, reaching $11.89. The stock had a trading volume of 1,350,670 shares, compared to its average volume of 169,888. The business’s 50-day moving average price is $8.69 and its 200-day moving average price is $8.00. Arteris, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $11.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $477.70 million, a P/E ratio of -12.39 and a beta of 1.25.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Needham Investment Management LLC grew its holdings in Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock worth $21,114,000 after acquiring an additional 350,000 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Arteris during the 3rd quarter worth $2,504,000. Bank of New York Mellon Corp acquired a new position in shares of Arteris during the second quarter worth $580,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Arteris in the second quarter valued at $554,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Arteris by 36.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company’s stock valued at $1,955,000 after buying an additional 67,414 shares in the last quarter. 64.36% of the stock is currently owned by hedge funds and other institutional investors.

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.