Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 41,000 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 41,000 shares of Arteris stock in a transaction on Monday, March 9th. The stock was sold at an average price of $14.21, for a total transaction of $582,610.00. Following the sale, the chief executive officer owned 9,238,071 shares in the company, valued at $131,272,988.91. This represents a 0.44% decrease in their position. The transaction 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, March 10th, K Charles Janac sold 9,000 shares of Arteris stock. The shares were sold at an average price of $14.66, for a total transaction of $131,940.00.
• On Tuesday, February 10th, K Charles Janac sold 2,756 shares of Arteris stock. The shares were sold at an average price of $15.03, for a total transaction of $41,422.68.
• On Monday, February 9th, K Charles Janac sold 47,244 shares of Arteris stock. The stock was sold at an average price of $15.21, for a total transaction of $718,581.24.
• On Thursday, January 15th, K Charles Janac sold 17,884 shares of Arteris stock. The shares were sold at an average price of $17.84, for a total transaction of $319,050.56.
• On Tuesday, January 13th, K Charles Janac sold 2,116 shares of Arteris stock. The shares were sold at an average price of $17.79, for a total transaction of $37,643.64.
• On Thursday, January 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $16.58, for a total transaction of $829,000.00.
• On Tuesday, January 6th, K Charles Janac sold 11,145 shares of Arteris stock. The stock was sold at an average price of $16.90, for a total transaction of $188,350.50.
• On Friday, January 2nd, K Charles Janac sold 7,823 shares of Arteris stock. The shares were sold at an average price of $15.45, for a total value of $120,865.35.

Arteris Stock Performance

NASDAQ AIP traded down $0.47 during trading on Thursday, reaching $15.15. 11,380 shares of the company traded hands, compared to its average volume of 480,620. Arteris, Inc. has a 1-year low of $5.46 and a 1-year high of $19.85. The company has a market cap of $688.87 million, a price-to-earnings ratio of -18.36 and a beta of 1.45. The stock’s 50 day moving average price is $15.84 and its two-hundred day moving average price is $14.01.

Arteris (NASDAQ:AIP) last issued its earnings results on Thursday, February 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $20.14 million during the quarter, compared to analyst estimates of $18.55 million. Equities research analysts expect that Arteris, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $20.00 target price on shares of Arteris in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arteris in a research note on Wednesday, January 21st. Finally, Northland Securities set a $24.00 price objective on shares of Arteris in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in Arteris in the 1st quarter valued at $1,621,000. Strs Ohio bought a new stake in shares of Arteris during the first quarter worth $104,000. Savant Capital LLC bought a new stake in shares of Arteris during the second quarter worth $97,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Arteris during the second quarter valued at $151,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Arteris during the second quarter valued at $254,000. Institutional investors own 64.36% of the company’s stock.

Key Stories Impacting Arteris

Here are the key news stories impacting Arteris this week:

• Positive Sentiment: Recent quarterly results showed Arteris beat expectations: EPS of ($0.05) vs. consensus ($0.08) and revenue of $20.14M vs. $18.55M, signaling better-than-expected near-term performance (this remains a positive fundamental datapoint for investors).
• Neutral Sentiment: The MSN piece titled “Why Arteris, Inc. (AIP) is in focus” highlights recent trading activity and investor attention; it may be amplifying interest but does not introduce new company-specific fundamentals. Article Link
• Neutral Sentiment: Reported short-interest data for early March appears to be anomalous/invalid (shows 0 shares and NaN changes). Given the questionable reporting, this item is unlikely to be a reliable driver of price action until corrected by an authoritative update.
• Negative Sentiment: Insider/major-holder selling: CEO K. Charles Janac and major shareholder Bayview Legacy, LLC executed sales on March 9–10 totaling 50,000 shares (41,000 @ $14.21 and 9,000 @ $14.66) for combined proceeds of ~$714,550. These filings and the size of the sales are prompting investor concern about insider liquidity and near-term share pressure. SEC filings: Janac Filing and Bayview Filing

About Arteris

Arteris, Inc is a fabless semiconductor intellectual property (IP) company specializing in on-chip interconnect solutions and system IP for advanced integrated circuits. The company’s core products include its FlexNoC network-on-chip (NoC) fabrics, Ncore cache coherent interconnect IP, and CodaCache memory subsystem IP. These technologies enable semiconductor and systems companies to design scalable, energy-efficient chips for applications ranging from automotive and artificial intelligence (AI) to 5G communications and high-performance computing.

Founded in 2003 and headquartered in Santa Clara, California, Arteris serves a global customer base across North America, Europe, and Asia.