Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 7,150 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 7,150 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total transaction of $50,908.00. Following the completion of the transaction, the chief executive officer now directly owns 318,117 shares of the company’s stock, valued at approximately $2,264,993.04. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, March 5th, K Charles Janac sold 1,973 shares of Arteris stock. The stock was sold at an average price of $8.19, for a total transaction of $16,158.87.
• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The shares were sold at an average price of $8.38, for a total value of $11,145.40.
• On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total value of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total value of $104,050.88.

Arteris Stock Performance

AIP opened at $5.99 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 12-month low of $5.76 and a 12-month high of $12.64. The business has a 50 day moving average of $8.70 and a 200-day moving average of $8.78. The stock has a market cap of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.21.

Arteris (NASDAQ:AIP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. The business had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. On average, equities research analysts expect that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

AIP has been the subject of several recent analyst reports. Northland Securities increased their price objective on Arteris from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Arteris in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Arteris in the 4th quarter valued at about $46,000. US Bancorp DE boosted its stake in shares of Arteris by 29.0% in the fourth quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after buying an additional 1,283 shares during the period. R Squared Ltd acquired a new stake in Arteris during the fourth quarter worth approximately $64,000. D. E. Shaw & Co. Inc. acquired a new stake in Arteris during the fourth quarter worth approximately $110,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Arteris during the 4th quarter worth $117,000. 64.36% of the stock is owned by institutional investors and hedge funds.

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.