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 Arteris stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $10.33, for a total transaction of $601,329.96. Following the sale, the chief executive officer now directly owns 10,020,588 shares of the company’s stock, valued at $103,512,674.04. This represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 stock was 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 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 shares were 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 Stock Performance

Shares of Arteris stock opened at $12.25 on Friday. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.39. The company has a market capitalization of $492.17 million, a PE ratio of -12.76 and a beta of 1.25. 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 50-day simple moving average of $8.89 and a two-hundred day simple moving average of $8.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AIP. Needham Investment Management LLC increased its position in Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company’s stock valued at $21,114,000 after buying an additional 350,000 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Arteris by 0.8% during the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock valued at $11,201,000 after acquiring an additional 12,375 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after purchasing an additional 36,908 shares during the last quarter. State Street Corp boosted its stake in Arteris by 18.5% in the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after purchasing an additional 64,081 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in Arteris during the 3rd quarter worth approximately $2,504,000. Institutional investors own 64.36% of the company’s stock.

Analyst Ratings Changes

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

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.