Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 9,168 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 9,168 shares of Arteris stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $7.23, for a total transaction of $66,284.64. Following the completion of the sale, the chief executive officer now owns 296,070 shares of the company’s stock, valued at approximately $2,140,586.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, July 1st, K Charles Janac sold 4,583 shares of Arteris stock. The shares were sold at an average price of $7.24, for a total value of $33,180.92.
• On Tuesday, June 4th, K Charles Janac sold 3,303 shares of Arteris stock. The shares were sold at an average price of $7.70, for a total value of $25,433.10.

Arteris Stock Performance

AIP opened at $7.21 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.24 and a current ratio of 1.24. Arteris, Inc. has a one year low of $4.20 and a one year high of $9.54. The company has a market cap of $277.44 million, a P/E ratio of -7.00 and a beta of 1.11. The business’s 50-day simple moving average is $7.83 and its 200-day simple moving average is $6.96.

Arteris (NASDAQ:AIP) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.03. Arteris had a negative net margin of 69.70% and a negative return on equity of 198.35%. The company had revenue of $12.95 million for the quarter, compared to analysts’ expectations of $12.60 million. As a group, equities research analysts expect that Arteris, Inc. will post -0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Arteris

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in Arteris in the fourth quarter valued at approximately $60,000. Algert Global LLC acquired a new position in Arteris in the third quarter valued at $142,000. Worth Venture Partners LLC raised its holdings in shares of Arteris by 22.6% in the third quarter. Worth Venture Partners LLC now owns 51,301 shares of the company’s stock valued at $334,000 after buying an additional 9,448 shares during the last quarter. Citigroup Inc. purchased a new stake in Arteris during the 3rd quarter valued at approximately $363,000. Finally, Federated Hermes Inc. lifted its position in Arteris by 8.3% during the 3rd quarter. Federated Hermes Inc. now owns 130,000 shares of the company’s stock worth $846,000 after acquiring an additional 10,000 shares during the period. 64.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIP has been the topic of several research reports. Jefferies Financial Group reissued a “hold” rating and set a $9.00 price target (down previously from $11.00) on shares of Arteris in a research report on Monday, May 13th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.40.

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.