K Charles Janac Sells 11,815 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 11,815 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $9.25, for a total value of $109,288.75. Following the completion of the sale, the chief executive officer owned 284,030 shares of the company's stock, valued at $2,627,277.50. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, July 2nd, K Charles Janac sold 7,153 shares of Arteris stock. The stock was sold at an average price of $8.99, for a total value of $64,305.47.
• 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 Friday, June 27th, K Charles Janac sold 18,620 shares of Arteris stock. The stock was sold at an average price of $10.02, for a total value of $186,572.40.
• On Wednesday, June 4th, K Charles Janac sold 2,057 shares of Arteris stock. The stock was 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 value of $9,594.20.

Arteris Stock Down 2.2%

AIP traded down $0.21 during trading on Thursday, hitting $9.22. The company's stock had a trading volume of 393,434 shares, compared to its average volume of 232,246. The firm's 50 day moving average price is $8.11 and its two-hundred day moving average price is $8.57. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $12.64. The stock has a market capitalization of $387.06 million, a price-to-earnings ratio of -11.24 and a beta of 1.44.

Hedge Funds Weigh In On Arteris

Several institutional investors have recently bought and sold shares of the business. G2 Investment Partners Management LLC acquired a new stake in shares of Arteris in the 4th quarter valued at $2,799,000. Charles Schwab Investment Management Inc. increased its stake in shares of Arteris by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,690 shares of the company's stock valued at $802,000 after buying an additional 3,298 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Arteris in the 4th quarter valued at $214,000. Two Sigma Advisers LP grew its stake in shares of Arteris by 82.9% during the fourth quarter. Two Sigma Advisers LP now owns 23,600 shares of the company's stock worth $240,000 after purchasing an additional 10,700 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Arteris during the fourth quarter worth $983,000. Institutional investors own 64.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a "buy" rating and set a $14.00 target price on shares of Arteris in a research report on Wednesday, May 21st.

About Arteris

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.