Thomas M. Siebel Sells 17,000 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 17,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $26.30, for a total value of $447,100.00. Following the completion of the transaction, the chief executive officer now owns 15,736 shares in the company, valued at $413,856.80. The trade was a 51.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Thomas M. Siebel also recently made the following trade(s):

• On Wednesday, April 16th, Thomas M. Siebel sold 13,567 shares of C3.ai stock. The stock was sold at an average price of $19.47, for a total value of $264,149.49.

C3.ai Stock Up 2.3%

Shares of NYSE AI traded up $0.59 during midday trading on Friday, reaching $25.93. The company had a trading volume of 6,017,470 shares, compared to its average volume of 5,210,944. The stock has a market cap of $3.44 billion, a PE ratio of -11.73 and a beta of 2.04. C3.ai, Inc. has a one year low of $17.03 and a one year high of $45.08. The firm's fifty day moving average price is $22.23 and its 200-day moving average price is $28.21.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.04. The firm had revenue of $108.72 million during the quarter, compared to analyst estimates of $107.85 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The business's quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. As a group, equities research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley increased their price objective on C3.ai from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Thursday, May 29th. Canaccord Genuity Group lowered their price target on C3.ai from $30.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, May 29th. KeyCorp restated a "mixed" rating on shares of C3.ai in a research report on Thursday, May 29th. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research note on Thursday, May 29th. Finally, DA Davidson dropped their price target on C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.46.

Institutional Trading of C3.ai

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Lisle Cummings Inc. grew its holdings in shares of C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock valued at $28,000 after buying an additional 400 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of C3.ai by 100.7% during the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after acquiring an additional 456 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of C3.ai by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,546 shares of the company's stock worth $138,000 after acquiring an additional 510 shares in the last quarter. Legal & General Group Plc raised its position in shares of C3.ai by 0.4% during the 4th quarter. Legal & General Group Plc now owns 119,144 shares of the company's stock worth $4,102,000 after purchasing an additional 517 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in C3.ai by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 23,371 shares of the company's stock valued at $805,000 after buying an additional 555 shares in the last quarter. Institutional investors own 38.96% of the company's stock.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.