K Charles Janac Sells 94,245 Shares of Arteris, Inc. (NASDAQ:AIP) Stock

Key Points

• K Charles Janac, CEO of Arteris, Inc., sold 94,245 shares of the company for approximately $1.27 million, reducing his stake by 33.18%.
• Following the recent trade, Janac retains 189,785 shares valued at about $2.56 million, reflecting significant ongoing investment in the company.
• Arteris stock recently traded at $9.31 with notable trading volume, amidst fluctuations in its share price ranging from a 12-month low of $5.46 to a high of $14.29.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 94,245 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $13.49, for a total transaction of $1,271,365.05. Following the completion of the sale, the chief executive officer owned 189,785 shares of the company's stock, valued at $2,560,199.65. This trade represents a 33.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $656,000.00.
• 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 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 transaction of $64,305.47.
• 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 value 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 value 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.

Arteris Trading Up 0.2%

Shares of NASDAQ AIP traded up $0.02 during trading hours on Monday, reaching $9.32. The stock had a trading volume of 159,347 shares, compared to its average volume of 538,752. The business's fifty day moving average price is $9.15 and its two-hundred day moving average price is $8.32. The firm has a market cap of $397.28 million, a price-to-earnings ratio of -11.37 and a beta of 1.45. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $14.29.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen upped their target price on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Rosenblatt Securities restated a "buy" rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. G2 Investment Partners Management LLC acquired a new position in Arteris during the fourth quarter worth about $2,799,000. Acadian Asset Management LLC lifted its position in shares of Arteris by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock worth $6,222,000 after buying an additional 260,277 shares during the last quarter. AQR Capital Management LLC acquired a new position in Arteris during the 1st quarter valued at about $1,621,000. Federated Hermes Inc. raised its position in shares of Arteris by 97.2% during the 1st quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after buying an additional 161,241 shares in the last quarter. Finally, Next Century Growth Investors LLC raised its holdings in shares of 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 in the last quarter. 64.36% of the stock is owned by hedge funds and other institutional investors.

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.