K Charles Janac Sells 18,620 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 18,620 shares of the company's 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 transaction, the chief executive officer directly owned 9,889,071 shares in the company, valued at approximately $99,088,491.42. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 transaction of $16,106.31.
• 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 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 Trading Down 5.4%

NASDAQ:AIP traded down $0.51 on Tuesday, hitting $9.02. The stock had a trading volume of 477,082 shares, compared to its average volume of 226,442. The business's 50-day simple moving average is $7.73 and its two-hundred day simple moving average is $8.57. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $12.64.

Hedge Funds Weigh In On Arteris

Institutional investors and hedge funds have recently made changes to their positions in the business. G2 Investment Partners Management LLC purchased a new stake in Arteris during the fourth quarter valued at approximately $2,799,000. Acadian Asset Management LLC boosted its stake in shares of Arteris by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after acquiring an additional 260,277 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Arteris during the 1st quarter valued at $1,621,000. Federated Hermes Inc. increased its stake in shares of Arteris by 97.2% in the 1st 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 in the last quarter. Finally, Next Century Growth Investors LLC raised its holdings in Arteris by 46.4% in the 1st 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 period. Hedge funds and other institutional investors own 64.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $14.00 target price 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.

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