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 stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $13.49, for a total value of $1,271,365.05. Following the transaction, the chief executive officer owned 189,785 shares in the company, valued at $2,560,199.65. This trade represents a 33.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value 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 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 transaction 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 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 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.

Arteris Stock Performance

Shares of AIP stock traded down $0.58 on Thursday, hitting $9.31. 2,288,956 shares of the stock traded hands, compared to its average volume of 535,557. Arteris, Inc. has a twelve month low of $5.46 and a twelve month high of $14.29. The firm's 50-day moving average price is $9.09 and its two-hundred day moving average price is $8.40. The stock has a market capitalization of $390.83 million, a PE ratio of -11.35 and a beta of 1.45.

Hedge Funds Weigh In On Arteris

Several institutional investors and hedge funds have recently bought and sold shares of AIP. Needham Investment Management LLC raised its holdings in Arteris by 2.5% in the 1st quarter. Needham Investment Management LLC now owns 2,812,500 shares of the company's stock valued at $19,434,000 after buying an additional 67,500 shares during the period. Acadian Asset Management LLC boosted its stake in Arteris by 9.6% during the second quarter. Acadian Asset Management LLC now owns 987,011 shares of the company's stock worth $9,403,000 after buying an additional 86,288 shares during the period. Next Century Growth Investors LLC increased its position in shares of Arteris by 46.4% during the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after acquiring an additional 129,143 shares during the last quarter. Federated Hermes Inc. raised 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 valued at $2,260,000 after acquiring an additional 161,241 shares during the period. Finally, Roubaix Capital LLC raised its stake in shares of Arteris by 33.2% in the 1st quarter. Roubaix Capital LLC now owns 281,450 shares of the company's stock valued at $1,945,000 after acquiring an additional 70,111 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIP has been the topic of a number of research reports. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 target price on shares of Arteris in a research note on Wednesday, May 21st. TD Cowen lifted their price objective on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday.

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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