K Charles Janac Sells 2,666 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 2,666 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $9.09, for a total transaction of $24,233.94. Following the completion of the transaction, the chief executive officer directly owned 302,998 shares of the company's stock, valued at approximately $2,754,251.82. This represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 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 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 shares were sold at an average price of $7.12, for a total value of $50,908.00.

Arteris Trading Up 1.3%

Shares of AIP stock traded up $0.12 during trading hours on Thursday, hitting $9.21. The company's stock had a trading volume of 212,419 shares, compared to its average volume of 227,518. The stock has a market cap of $386.43 million, a PE ratio of -11.23 and a beta of 1.44. Arteris, Inc. has a 12-month low of $5.46 and a 12-month high of $12.64. The company has a 50 day moving average of $7.85 and a 200 day moving average of $8.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIP. Quarry LP purchased a new position in Arteris during the fourth quarter valued at approximately $46,000. US Bancorp DE grew its stake in shares of Arteris by 29.0% during the 4th quarter. US Bancorp DE now owns 5,702 shares of the company's stock worth $58,000 after purchasing an additional 1,283 shares during the period. CWM LLC grew its stake in shares of Arteris by 4,810.1% during the 1st quarter. CWM LLC now owns 10,213 shares of the company's stock worth $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 approximately $95,000. Finally, Strs Ohio acquired a new position in shares of Arteris in the 1st quarter valued at $104,000. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reaffirmed a "buy" rating and set a $14.00 target price on shares of Arteris in a 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.