Arteris, Inc. (NASDAQ:AIP) CEO Sells $516,500.00 in Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 50,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.33, for a total transaction of $516,500.00. Following the completion of the transaction, the chief executive officer now owns 9,907,691 shares of the company's stock, valued at $102,346,448.03. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total transaction of $104,050.88.
• On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The stock was sold at an average price of $11.41, for a total transaction of $71,380.96.
• On Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The shares were sold at an average price of $10.33, for a total transaction of $601,329.96.
• On Thursday, December 26th, K Charles Janac sold 60,584 shares of Arteris stock. The stock was sold at an average price of $10.42, for a total transaction of $631,285.28.
• On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was sold at an average price of $10.01, for a total value of $141,941.80.
• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The shares were sold at an average price of $10.12, for a total value of $180,702.72.
• On Tuesday, December 3rd, K Charles Janac sold 1,242 shares of Arteris stock. The stock was sold at an average price of $8.58, for a total value of $10,656.36.

Arteris Stock Performance

Shares of NASDAQ AIP traded down $0.11 during trading on Friday, reaching $9.63. The company had a trading volume of 161,042 shares, compared to its average volume of 266,899. The company's fifty day moving average price is $10.44 and its 200-day moving average price is $8.62. Arteris, Inc. has a 12 month low of $5.76 and a 12 month high of $12.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On Arteris

Institutional investors have recently modified their holdings of the company. Needham Investment Management LLC raised its stake in Arteris by 14.7% during the 3rd quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company's stock worth $21,114,000 after buying an additional 350,000 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Arteris in the 3rd quarter worth $2,504,000. Jacobs Levy Equity Management Inc. increased its stake in Arteris by 36.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 253,211 shares of the company's stock valued at $1,955,000 after purchasing an additional 67,414 shares in the last quarter. State Street Corp lifted its stake in shares of Arteris by 18.5% in the third quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after buying an additional 64,081 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Arteris during the fourth quarter valued at about $450,000. 64.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $15.00 target price on shares of Arteris in a research report on Wednesday, November 6th.

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.