Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac Sells 1,348 Shares

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 1,348 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total transaction of $10,608.76. Following the completion of the transaction, the chief executive officer now directly owns 294,722 shares of the company’s stock, valued at $2,319,462.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, September 5th, K Charles Janac sold 1,955 shares of Arteris stock. The shares were sold at an average price of $7.26, for a total transaction of $14,193.30.
• On Wednesday, July 3rd, K Charles Janac sold 9,168 shares of Arteris stock. The stock was sold at an average price of $7.23, for a total transaction of $66,284.64.
• 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.

Arteris Stock Down 3.2 %

NASDAQ:AIP opened at $7.05 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. Arteris, Inc. has a 12-month low of $4.20 and a 12-month high of $9.54. The stock’s fifty day simple moving average is $7.86 and its 200-day simple moving average is $7.57. The firm has a market capitalization of $271.28 million, a P/E ratio of -6.84 and a beta of 1.12.

Arteris (NASDAQ:AIP) last issued its earnings results on Thursday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $14.58 million for the quarter, compared to the consensus estimate of $13.68 million. Arteris had a negative return on equity of 274.66% and a negative net margin of 68.37%. During the same quarter last year, the business posted ($0.25) EPS. Equities research analysts expect that Arteris, Inc. will post -0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in Arteris during the fourth quarter worth about $60,000. Roubaix Capital LLC raised its position in shares of Arteris by 34.5% during the fourth quarter. Roubaix Capital LLC now owns 342,664 shares of the company’s stock worth $2,018,000 after purchasing an additional 87,920 shares during the period. Worth Venture Partners LLC raised its position in shares of Arteris by 114.3% during the fourth quarter. Worth Venture Partners LLC now owns 109,921 shares of the company’s stock worth $647,000 after purchasing an additional 58,620 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Arteris by 26.9% during the 1st quarter. GSA Capital Partners LLP now owns 132,952 shares of the company’s stock valued at $973,000 after purchasing an additional 28,165 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Arteris by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,146,224 shares of the company’s stock valued at $8,390,000 after purchasing an additional 3,242 shares during the period. Institutional investors and hedge funds own 64.36% of the company’s stock.

Analyst Upgrades and Downgrades

AIP has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Arteris in a research note on Monday, August 5th. Jefferies Financial Group restated a “hold” rating and set a $9.00 target price (down from $11.00) on shares of Arteris in a research report on Monday, May 13th. Finally, Westpark Capital reiterated a “buy” rating and set a $11.00 price target on shares of Arteris in a research report on Wednesday, July 31st.

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.