Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 2,057 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 2,057 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $7.83, for a total value of $16,106.31. Following the completion of the transaction, the chief executive officer now directly owns 305,664 shares in the company, valued at $2,393,349.12. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, June 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The shares were sold at an average price of $7.70, for a total value of $9,594.20.
• On Wednesday, April 2nd, K Charles Janac sold 7,150 shares of Arteris stock. The stock was sold at an average price of $7.12, for a total value of $50,908.00.

Arteris Stock Up 3.7%

NASDAQ:AIP traded up $0.28 during mid-day trading on Friday, hitting $7.93. The company had a trading volume of 184,190 shares, compared to its average volume of 204,528. The business has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $8.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.30. Arteris, Inc. has a 1 year low of $5.46 and a 1 year high of $12.64. The firm has a market capitalization of $332.89 million, a price-to-earnings ratio of -9.11 and a beta of 1.37.

Wall Street Analysts Forecast Growth

AIP has been the subject of several analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. Northland Securities boosted their target price on Arteris from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

Hedge Funds Weigh In On Arteris

A number of hedge funds and other institutional investors have recently bought and sold shares of AIP. Quarry LP bought a new stake in Arteris during the fourth quarter worth approximately $46,000. US Bancorp DE raised its stake in Arteris by 29.0% during the 4th 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 during the period. CWM LLC raised its stake in Arteris by 4,810.1% during the 1st quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after purchasing an additional 10,005 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Arteris during the 1st quarter valued at $95,000. Finally, Strs Ohio bought a new stake in Arteris in the first quarter worth $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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