Arteris, Inc. (NASDAQ:AIP) CEO Sells $11,145.40 in Stock

Arteris, Inc. (NASDAQ:AIPGet Free Report) CEO K Charles Janac sold 1,330 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $8.38, for a total value of $11,145.40. Following the completion of the sale, the chief executive officer now owns 327,240 shares of the company’s stock, valued at approximately $2,742,271.20. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, February 3rd, K Charles Janac sold 50,000 shares of Arteris stock. The stock was sold at an average price of $10.33, for a total value of $516,500.00.
  • On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The shares were sold at an average price of $12.34, for a total transaction of $104,050.88.
  • On Thursday, January 2nd, K Charles Janac sold 6,256 shares of Arteris stock. The shares were sold at an average price of $11.41, for a total transaction of $71,380.96.
  • 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 transaction of $631,285.28.
  • On Tuesday, December 17th, K Charles Janac sold 14,180 shares of Arteris stock. The stock was 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 value of $180,702.72.

Arteris Stock Down 1.3 %

Shares of Arteris stock opened at $8.20 on Wednesday. The business has a 50-day moving average price of $10.42 and a 200 day moving average price of $8.83. Arteris, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.64. The firm has a market cap of $335.77 million, a P/E ratio of -9.43 and a beta of 1.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.30.

Arteris (NASDAQ:AIPGet Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The firm had revenue of $15.49 million during the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative net margin of 58.27% and a negative return on equity of 828.71%. On average, sell-side analysts forecast that Arteris, Inc. will post -0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Arteris in a report on Tuesday, February 18th. Northland Securities lifted their price target on shares of Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

Read Our Latest Research Report on Arteris

Institutional Trading of Arteris

A number of institutional investors and hedge funds have recently modified their holdings of AIP. US Bancorp DE acquired a new position in shares of Arteris in the 3rd quarter valued at about $34,000. Quarry LP acquired a new position in Arteris in the fourth quarter valued at approximately $46,000. R Squared Ltd bought a new position in shares of Arteris during the fourth quarter valued at approximately $64,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Arteris during the 4th quarter worth approximately $110,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Arteris during the 4th quarter worth approximately $117,000. 64.36% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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

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