Arteris, Inc. (NASDAQ:AIP – Get Free Report) CEO K Charles Janac sold 7,147 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $10.92, for a total transaction of $78,045.24. Following the completion of the transaction, the chief executive officer directly owned 179,335 shares in the company, valued at $1,958,338.20. This represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
K Charles Janac also recently made the following trade(s):
- 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 transaction 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 transaction of $80,570.00.
- On Friday, October 3rd, K Charles Janac sold 11,821 shares of Arteris stock. The stock was sold at an average price of $11.07, for a total transaction of $130,858.47.
- On Thursday, September 4th, K Charles Janac sold 2,057 shares of Arteris stock. The stock was sold at an average price of $8.73, for a total transaction of $17,957.61.
- On Tuesday, September 2nd, K Charles Janac sold 1,246 shares of Arteris stock. The shares were sold at an average price of $8.94, for a total transaction of $11,139.24.
- On Tuesday, August 5th, K Charles Janac sold 50,000 shares of Arteris stock. The shares were sold at an average price of $13.12, for a total transaction of $656,000.00.
- On Tuesday, August 5th, K Charles Janac sold 94,245 shares of Arteris stock. The shares were sold at an average price of $13.49, for a total transaction of $1,271,365.05.
Arteris Stock Performance
NASDAQ AIP opened at $13.49 on Thursday. The company has a market capitalization of $575.35 million, a price-to-earnings ratio of -16.45 and a beta of 1.45. The company’s 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $8.53. Arteris, Inc. has a one year low of $5.46 and a one year high of $14.58.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AIP. Wall Street Zen raised shares of Arteris from a “sell” rating to a “hold” rating in a research report on Monday, September 15th. TD Cowen raised their price target on shares of Arteris from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Arteris in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Arteris presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.
Read Our Latest Stock Report on Arteris
Institutional Trading of Arteris
A number of institutional investors have recently bought and sold shares of AIP. Raymond James Financial Inc. acquired a new stake in Arteris in the 2nd quarter worth approximately $32,000. CWM LLC boosted its stake in Arteris by 4,810.1% in the 1st quarter. CWM LLC now owns 10,213 shares of the company’s stock worth $71,000 after purchasing an additional 10,005 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Arteris in the 1st quarter worth approximately $95,000. Savant Capital LLC acquired a new stake in Arteris in the 2nd quarter worth approximately $97,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Arteris in the 2nd quarter worth approximately $104,000. 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.
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