Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 2,057 Shares

Key Points

• CEO K Charles Janac sold 2,057 shares of Arteris stock at an average price of $8.73, decreasing his position by 1.09%.
• Arteris shares dropped 3.0% to $8.59, with a twelve-month low of $5.46 and a high of $14.29, despite the firm reporting revenue of $16.50 million for the previous quarter.
• Analysts recently downgraded Arteris from a "hold" to a "sell" rating, while others maintained a "buy" rating with a target price of $15.00.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 2,057 shares of Arteris stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $8.73, for a total value of $17,957.61. Following the completion of the sale, the chief executive officer owned 186,482 shares of the company's stock, valued at approximately $1,627,987.86. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The stock was sold at an average price of $8.94, for a total value of $11,139.24.
• On Tuesday, August 5th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $13.12, for a total value of $656,000.00.
• On Tuesday, August 5th, K Charles Janac sold 94,245 shares of Arteris stock. The stock was sold at an average price of $13.49, for a total value of $1,271,365.05.
• On Thursday, July 3rd, K Charles Janac sold 11,815 shares of Arteris stock. The stock was sold at an average price of $9.25, for a total value of $109,288.75.
• 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.

Arteris Trading Down 2.0%

AIP stock traded down $0.18 during mid-day trading on Friday, reaching $8.75. The company's stock had a trading volume of 352,580 shares, compared to its average volume of 515,290. The company has a market cap of $373.19 million, a price-to-earnings ratio of -10.67 and a beta of 1.44. The business's 50 day moving average price is $9.48 and its 200 day moving average price is $8.21. Arteris, Inc. has a 12 month low of $5.46 and a 12 month high of $14.29.

Arteris (NASDAQ:AIP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.41%.The firm had revenue of $16.50 million during the quarter, compared to analysts' expectations of $16.35 million. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Arteris during the second quarter valued at approximately $32,000. CWM LLC boosted its position in shares of Arteris by 4,810.1% during the first quarter. CWM LLC now owns 10,213 shares of the company's stock valued at $71,000 after buying an additional 10,005 shares during 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. Savant Capital LLC purchased a new position in shares of Arteris during the second quarter valued at approximately $97,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Arteris in the second quarter worth $104,000. Hedge funds and other institutional investors own 64.36% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AIP shares. 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. Wall Street Zen cut Arteris from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Finally, TD Cowen raised their price objective on Arteris from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $15.00.

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.