Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 14,180 Shares of Stock

Arteris, Inc. (NASDAQ:AIP - Get Free Report) CEO K Charles Janac sold 14,180 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $10.01, for a total value of $141,941.80. Following the completion of the sale, the chief executive officer now directly owns 10,207,746 shares of the company's stock, valued at approximately $102,179,537.46. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, December 12th, K Charles Janac sold 17,856 shares of Arteris stock. The stock was sold at an average price of $10.12, for a total transaction of $180,702.72.
• On Tuesday, December 3rd, K Charles Janac sold 1,242 shares of Arteris stock. The shares were sold at an average price of $8.58, for a total transaction of $10,656.36.
• On Wednesday, October 2nd, K Charles Janac sold 5,520 shares of Arteris stock. The stock was sold at an average price of $7.18, for a total transaction of $39,633.60.

Arteris Stock Performance

Shares of Arteris stock traded down $0.39 during trading hours on Thursday, hitting $8.95. 183,682 shares of the company's stock traded hands, compared to its average volume of 167,617. The company has a fifty day simple moving average of $8.18 and a 200-day simple moving average of $7.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $359.58 million, a price-to-earnings ratio of -9.32 and a beta of 1.25. Arteris, Inc. has a 12-month low of $4.83 and a 12-month high of $10.60.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of Arteris by 0.8% in the third quarter. Franklin Resources Inc. now owns 1,491,415 shares of the company's stock valued at $11,201,000 after buying an additional 12,375 shares during the period. Barclays PLC increased its holdings in Arteris by 321.1% in the 3rd quarter. Barclays PLC now owns 39,396 shares of the company's stock worth $304,000 after acquiring an additional 30,041 shares during the last quarter. Geode Capital Management LLC raised its stake in Arteris by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company's stock valued at $4,610,000 after acquiring an additional 36,908 shares during the period. State Street Corp lifted its holdings in Arteris by 18.5% during the third quarter. State Street Corp now owns 410,578 shares of the company's stock valued at $3,170,000 after purchasing an additional 64,081 shares during the last quarter. Finally, Needham Investment Management LLC boosted its position in Arteris by 14.7% during the third quarter. Needham Investment Management LLC now owns 2,735,000 shares of the company's stock worth $21,114,000 after purchasing an additional 350,000 shares during the period. 64.36% of the stock is currently 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.