Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 6,256 Shares of Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) CEO K Charles Janac sold 6,256 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $11.41, for a total value of $71,380.96. Following the transaction, the chief executive officer now owns 268,520 shares in the company, valued at approximately $3,063,813.20. This trade represents a 2.28 % decrease in their ownership of the stock. 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 Monday, December 30th, K Charles Janac sold 58,212 shares of Arteris stock. The stock was 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 shares were sold at an average price of $10.42, for a total value of $631,285.28.
  • On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The shares were 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 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 stock was sold at an average price of $8.58, for a total value of $10,656.36.

Arteris Price Performance

Shares of NASDAQ:AIP opened at $11.25 on Wednesday. Arteris, Inc. has a one year low of $4.83 and a one year high of $12.64. The firm has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $8.08. 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 company has a market cap of $451.99 million, a price-to-earnings ratio of -11.72 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in shares of Arteris by 18.5% during the 3rd quarter. State Street Corp now owns 410,578 shares of the company’s stock worth $3,170,000 after buying an additional 64,081 shares during the period. Bank of New York Mellon Corp bought a new position in Arteris in the 2nd quarter valued at $580,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arteris during the 3rd quarter worth approximately $226,000. Geode Capital Management LLC lifted its position in shares of Arteris by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 597,116 shares of the company’s stock valued at $4,610,000 after buying an additional 36,908 shares during the last quarter. Finally, US Bancorp DE bought a new position in Arteris during the third quarter worth about $34,000. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Arteris in a research report on Wednesday, November 6th.

Check Out Our Latest Report on Arteris

Arteris Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Arteris (NASDAQ:AIP)

Receive News & Ratings for Arteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arteris and related companies with MarketBeat.com's FREE daily email newsletter.