Arteris, Inc. (NASDAQ:AIP) CEO Sells $516,500.00 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $10.33, for a total transaction of $516,500.00. Following the completion of the sale, the chief executive officer now directly owns 9,907,691 shares in the company, valued at $102,346,448.03. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The stock was sold at an average price of $11.41, for a total value of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total transaction of $601,329.96.
• 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 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 value of $10,656.36.

Arteris Price Performance

Shares of AIP traded up $0.14 during midday trading on Wednesday, hitting $9.62. 299,891 shares of the company traded hands, compared to its average volume of 364,726. The stock has a market cap of $386.53 million, a price-to-earnings ratio of -10.02 and a beta of 1.18. The firm has a 50 day moving average of $10.40 and a 200-day moving average of $8.60. 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 52 week low of $5.76 and a 52 week high of $12.64.

Institutional Trading of Arteris

A number of large investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in Arteris in the third quarter worth $34,000. R Squared Ltd bought a new position in Arteris in the 4th quarter worth about $64,000. The Manufacturers Life Insurance Company purchased a new position in Arteris during the 2nd quarter worth $86,000. SG Americas Securities LLC purchased a new position in shares of Arteris during the fourth quarter valued at $134,000. Finally, Algert Global LLC purchased a new stake in shares of Arteris in the 2nd quarter worth approximately $115,000. Institutional investors own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

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