C3.ai, Inc. (NYSE:AI) CEO Sells $447,100.00 in Stock

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 17,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $26.30, for a total transaction of $447,100.00. Following the completion of the transaction, the chief executive officer now directly owns 15,736 shares of the company's stock, valued at approximately $413,856.80. This represents a 51.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $19.47, for a total transaction of $264,149.49.

C3.ai Price Performance

NYSE AI traded down $0.96 during trading hours on Thursday, hitting $25.30. The company had a trading volume of 6,765,081 shares, compared to its average volume of 5,212,153. The firm's 50 day moving average is $22.06 and its 200 day moving average is $28.27. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -11.45 and a beta of 1.99. C3.ai, Inc. has a fifty-two week low of $17.03 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings results 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. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The company had revenue of $108.72 million for the quarter, compared to analysts' expectations of $107.85 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business's revenue for the quarter was up 25.5% compared to the same quarter last year. On average, equities analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. KeyCorp reissued a "mixed" rating on shares of C3.ai in a report on Thursday, May 29th. Canaccord Genuity Group reduced their price target on shares of C3.ai from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. DA Davidson dropped their price objective on C3.ai from $25.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on C3.ai from $27.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, May 29th. Finally, Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research report on Thursday, May 29th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $29.46.

Institutional Investors Weigh In On C3.ai

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of C3.ai by 70.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company's stock worth $1,905,000 after buying an additional 22,949 shares in the last quarter. Blue Trust Inc. boosted its holdings in C3.ai by 344.6% in the 4th quarter. Blue Trust Inc. now owns 1,774 shares of the company's stock valued at $61,000 after purchasing an additional 1,375 shares during the period. KBC Group NV raised its position in shares of C3.ai by 35.8% in the 4th quarter. KBC Group NV now owns 4,878 shares of the company's stock valued at $168,000 after buying an additional 1,285 shares in the last quarter. R Squared Ltd acquired a new position in C3.ai during the 4th quarter worth approximately $29,000. Finally, DAVENPORT & Co LLC bought a new stake in shares of C3.ai in the 4th quarter valued at $209,000. 38.96% of the stock is currently owned by institutional investors.

About C3.ai

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.