Insider Selling: Arteris (NASDAQ:AIP) CEO Sells 1,246 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,246 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $14.82, for a total value of $18,465.72. Following the completion of the sale, the chief executive officer directly owned 160,513 shares of the company’s stock, valued at $2,378,802.66. This represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 3rd, K Charles Janac sold 2,058 shares of Arteris stock. The shares were sold at an average price of $15.52, for a total value of $31,940.16.
• On Wednesday, October 8th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were 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 stock was 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 shares were 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 transaction of $78,045.24.

Arteris Price Performance

Shares of NASDAQ AIP traded up $0.91 during trading hours on Thursday, hitting $16.73. 812,235 shares of the stock were exchanged, compared to its average volume of 585,400. Arteris, Inc. has a one year low of $5.46 and a one year high of $16.74. The company’s 50 day moving average is $13.29 and its 200 day moving average is $10.53. The firm has a market capitalization of $730.77 million, a P/E ratio of -20.16 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen upgraded Arteris from a “sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Arteris in a report on Wednesday, October 8th. Jefferies Financial Group raised Arteris to a “hold” rating in a research report on Tuesday, October 28th. Cowen reaffirmed a “buy” rating on shares of Arteris in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities increased their price target on shares of Arteris from $14.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Arteris by 75.0% during the third quarter. BNP Paribas Financial Markets now owns 6,053 shares of the company’s stock worth $61,000 after buying an additional 2,595 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Arteris by 12.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,913 shares of the company’s stock valued at $242,000 after acquiring an additional 2,613 shares in the last quarter. Strs Ohio increased its stake in Arteris by 16.5% in the third quarter. Strs Ohio now owns 20,500 shares of the company’s stock valued at $207,000 after acquiring an additional 2,900 shares during the period. Raymond James Financial Inc. acquired a new position in Arteris in the second quarter worth about $32,000. Finally, Franklin Resources Inc. lifted its stake in Arteris by 0.3% during the third quarter. Franklin Resources Inc. now owns 1,641,385 shares of the company’s stock worth $16,578,000 after purchasing an additional 4,214 shares during the period. 64.36% of the stock is currently owned by institutional investors and hedge funds.

Arteris Company Profile

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.