K Charles Janac Sells 1,246 Shares of Arteris (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,246 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $14.82, for a total value of $18,465.72. Following the completion of the sale, the chief executive officer owned 160,513 shares in the company, valued at $2,378,802.66. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The shares were sold at an average price of $15.52, for a total value of $31,940.16.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $13.07, for a total transaction of $653,500.00.
• On Monday, October 6th, K Charles Janac sold 100,000 shares of Arteris stock. The stock was sold at an average price of $13.10, for a total transaction of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The shares were sold at an average price of $14.00, for a total transaction of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The shares were sold at an average price of $11.07, for a total transaction of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The stock was sold at an average price of $10.92, for a total transaction of $78,045.24.

Arteris Price Performance

Shares of NASDAQ:AIP traded up $0.91 during trading on Thursday, reaching $16.73. The stock had a trading volume of 812,235 shares, compared to its average volume of 585,400. Arteris, Inc. has a 52 week low of $5.46 and a 52 week high of $16.74. The business’s 50-day moving average price is $13.29 and its 200 day moving average price is $10.53. The stock has a market capitalization of $730.77 million, a PE ratio of -20.16 and a beta of 1.49.

Arteris (NASDAQ:AIP) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.25%.The business had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. Analysts forecast that Arteris, Inc. will post -0.73 EPS for the current year.

Institutional Trading of Arteris

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIP. Westerly Capital Management LLC lifted its position in Arteris by 109.6% during the 3rd quarter. Westerly Capital Management LLC now owns 1,425,000 shares of the company’s stock valued at $14,392,000 after purchasing an additional 745,000 shares during the period. Granahan Investment Management LLC raised its stake in shares of Arteris by 725.7% during the third quarter. Granahan Investment Management LLC now owns 621,625 shares of the company’s stock worth $6,278,000 after buying an additional 546,341 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company’s stock valued at $6,222,000 after buying an additional 260,277 shares during the period. AQR Capital Management LLC acquired a new position in Arteris in the first quarter valued at approximately $1,621,000. Finally, Roubaix Capital LLC bought a new position in Arteris in the third quarter valued at approximately $2,361,000. 64.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AIP. Cowen restated a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Rosenblatt Securities increased their price objective on shares of Arteris from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group upgraded shares of Arteris to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Arteris currently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

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.