Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 60,584 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 60,584 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $10.42, for a total transaction of $631,285.28. Following the transaction, the chief executive officer now owns 10,134,541 shares in the company, valued at $105,601,917.22. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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.
• On Wednesday, October 2nd, K Charles Janac sold 5,520 shares of Arteris stock. The stock was sold at an average price of $7.18, for a total value of $39,633.60.

Arteris Trading Down 1.5 %

Shares of NASDAQ AIP opened at $10.19 on Wednesday. Arteris, Inc. has a twelve month low of $4.83 and a twelve month high of $10.69. The stock has a market cap of $409.40 million, a price-to-earnings ratio of -10.61 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average is $8.62 and its 200-day moving average is $7.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Arteris by 67.1% during the third quarter. JPMorgan Chase & Co. now owns 92,242 shares of the company’s stock worth $712,000 after purchasing an additional 37,032 shares during the period. Franklin Resources Inc. increased its stake in Arteris by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company’s stock worth $11,201,000 after purchasing an additional 12,375 shares in the last quarter. Barclays PLC raised its holdings in Arteris by 321.1% during the 3rd quarter. Barclays PLC now owns 39,396 shares of the company’s stock worth $304,000 after buying an additional 30,041 shares during the period. Geode Capital Management LLC lifted its stake in Arteris by 6.6% in the third quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company’s stock valued at $3,170,000 after buying an additional 64,081 shares during the period. 64.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Arteris in a research note 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.