Arteris (NASDAQ:AIP) CEO K Charles Janac Sells 2,058 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 2,058 shares of Arteris stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $15.52, for a total transaction of $31,940.16. Following the transaction, the chief executive officer directly owned 158,455 shares in the company, valued at approximately $2,459,221.60. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The shares were sold at an average price of $14.82, for a total transaction of $18,465.72.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $13.07, for a total value of $653,500.00.
• On Monday, October 6th, K Charles Janac sold 100,000 shares of Arteris stock. The stock was sold at an average price of $13.10, for a total value of $1,310,000.00.
• On Monday, October 6th, K Charles Janac sold 5,755 shares of Arteris stock. The shares were sold at an average price of $14.00, for a total value of $80,570.00.
• On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The stock was sold at an average price of $11.07, for a total value of $130,858.47.
• On Thursday, October 2nd, K Charles Janac sold 7,147 shares of Arteris stock. The shares were sold at an average price of $10.92, for a total value of $78,045.24.

Arteris Stock Performance

NASDAQ AIP traded up $0.91 during trading hours on Thursday, reaching $16.73. 812,235 shares of the company’s stock were exchanged, compared to its average volume of 585,400. The company has a market capitalization of $730.77 million, a price-to-earnings ratio of -20.16 and a beta of 1.49. The company’s 50-day moving average is $13.29 and its two-hundred day moving average is $10.53. Arteris, Inc. has a one year low of $5.46 and a one year high of $16.74.

Arteris (NASDAQ:AIP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Arteris had a negative net margin of 52.25% and a negative return on equity of 8,546.17%. The firm had revenue of $17.41 million for the quarter, compared to analyst estimates of $17.00 million. Research analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Rosenblatt Securities lifted their price target on Arteris from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arteris in a research report on Wednesday, October 8th. TD Cowen upped their price target on Arteris from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Cowen reiterated a “buy” rating on shares of Arteris in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake 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 purchasing an additional 161,241 shares in the last quarter. Nuveen LLC bought a new position in shares of Arteris in the first quarter valued at $349,000. Roubaix Capital LLC increased its holdings in Arteris by 33.2% during the first quarter. Roubaix Capital LLC now owns 281,450 shares of the company’s stock worth $1,945,000 after buying an additional 70,111 shares during the last quarter. EntryPoint Capital LLC raised its position in Arteris by 114.6% during the first quarter. EntryPoint Capital LLC now owns 42,517 shares of the company’s stock worth $294,000 after acquiring an additional 22,703 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Arteris in the first quarter valued at $270,000. 64.36% of the stock is currently owned by 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.