K Charles Janac Sells 7,153 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 7,153 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $8.99, for a total transaction of $64,305.47. Following the completion of the sale, the chief executive officer directly owned 295,845 shares of the company's stock, valued at approximately $2,659,646.55. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, July 3rd, K Charles Janac sold 11,815 shares of Arteris stock. The shares were sold at an average price of $9.25, for a total transaction of $109,288.75.
• On Tuesday, July 1st, K Charles Janac sold 2,666 shares of Arteris stock. The shares were sold at an average price of $9.09, for a total transaction of $24,233.94.
• On Friday, June 27th, K Charles Janac sold 18,620 shares of Arteris stock. The shares were sold at an average price of $10.02, for a total transaction of $186,572.40.
• 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 transaction 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.

Arteris Stock Performance

AIP stock traded down $0.21 during trading on Thursday, reaching $9.22. 393,434 shares of the company were exchanged, compared to its average volume of 232,246. The company has a market cap of $387.06 million, a P/E ratio of -11.24 and a beta of 1.44. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $12.64. The stock's 50 day moving average price is $8.11 and its 200 day moving average price is $8.57.

Analyst Ratings Changes

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

Institutional Trading of Arteris

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Arteris in the fourth quarter valued at about $46,000. US Bancorp DE lifted its holdings 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 purchasing an additional 1,283 shares in the last quarter. CWM LLC lifted its holdings in shares of Arteris by 4,810.1% in the first quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after purchasing an additional 10,005 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Arteris during the first quarter valued at approximately $95,000. Finally, Strs Ohio purchased a new position in shares of Arteris during the first quarter valued at approximately $104,000. Hedge funds and other institutional investors own 64.36% of the company's stock.

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.