Arteris, Inc. (NASDAQ:AIP) CEO Sells $186,572.40 in Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 18,620 shares of Arteris stock in a transaction on Friday, June 27th. The shares were sold at an average price of $10.02, for a total value of $186,572.40. Following the completion of the transaction, the chief executive officer owned 9,889,071 shares in the company, valued at approximately $99,088,491.42. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 1st, K Charles Janac sold 2,666 shares of Arteris stock. The stock was sold at an average price of $9.09, for a total value of $24,233.94.
• On Wednesday, June 4th, K Charles Janac sold 2,057 shares of Arteris stock. The shares were sold at an average price of $7.83, for a total value of $16,106.31.
• On Monday, June 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $7.70, for a total transaction of $9,594.20.
• On Wednesday, April 2nd, K Charles Janac sold 7,150 shares of Arteris stock. The shares were sold at an average price of $7.12, for a total transaction of $50,908.00.

Arteris Stock Up 1.3%

Shares of AIP stock opened at $9.21 on Friday. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $12.64. The stock’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $8.57. The firm has a market capitalization of $386.41 million, a P/E ratio of -11.23 and a beta of 1.44.

Institutional Trading of Arteris

Several hedge funds and other institutional investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC bought a new position in Arteris in the 4th quarter valued at approximately $2,799,000. Acadian Asset Management LLC increased its position in Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company’s stock valued at $6,222,000 after acquiring an additional 260,277 shares during the period. AQR Capital Management LLC bought a new position in shares of Arteris during the first quarter valued at $1,621,000. Federated Hermes Inc. lifted its holdings in shares of Arteris by 97.2% during the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company’s stock worth $2,260,000 after purchasing an additional 161,241 shares during the period. Finally, Next Century Growth Investors LLC grew its stake in shares of Arteris by 46.4% in the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company’s stock worth $2,817,000 after purchasing an additional 129,143 shares during the last quarter. 64.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price objective on shares of Arteris in a research note on Wednesday, May 21st.

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.