Insider Selling: Arteris, Inc. (NASDAQ:AIP) CEO Sells 7,150 Shares of Stock

Arteris, Inc. (NASDAQ:AIP) CEO K Charles Janac sold 7,150 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $7.12, for a total value of $50,908.00. Following the transaction, the chief executive officer now directly owns 318,117 shares of the company’s stock, valued at $2,264,993.04. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, March 5th, K Charles Janac sold 1,973 shares of Arteris stock. The stock was sold at an average price of $8.19, for a total value of $16,158.87.
• On Monday, March 3rd, K Charles Janac sold 1,330 shares of Arteris stock. The shares were sold at an average price of $8.38, for a total transaction of $11,145.40.
• 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 transaction of $516,500.00.
• On Monday, January 6th, K Charles Janac sold 8,432 shares of Arteris stock. The stock was sold at an average price of $12.34, for a total value of $104,050.88.

Arteris Price Performance

NASDAQ:AIP opened at $5.99 on Friday. Arteris, Inc. has a 52 week low of $5.76 and a 52 week high of $12.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.79. The firm has a market cap of $245.28 million, a price-to-earnings ratio of -6.88 and a beta of 1.31.

Arteris (NASDAQ:AIP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.34 million. Arteris had a negative return on equity of 828.71% and a negative net margin of 58.27%. As a group, sell-side analysts predict that Arteris, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

AIP has been the subject of several research analyst reports. Northland Securities lifted their target price on Arteris from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Arteris in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On Arteris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in shares of Arteris in the fourth quarter worth $46,000. US Bancorp DE increased its holdings in Arteris by 29.0% in the 4th quarter. US Bancorp DE now owns 5,702 shares of the company’s stock valued at $58,000 after buying an additional 1,283 shares during the period. R Squared Ltd acquired a new position in shares of Arteris in the 4th quarter valued at approximately $64,000. D. E. Shaw & Co. Inc. bought 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.

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.