Thomas M. Siebel Sells 13,567 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 13,567 shares of C3.ai stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $19.47, for a total value of $264,149.49. The sale was disclosed in a legal filing with the SEC, which is available at this link.

C3.ai Stock Up 0.2 %

Shares of NYSE AI traded up $0.03 during midday trading on Friday, hitting $19.38. The stock had a trading volume of 2,348,902 shares, compared to its average volume of 5,207,977. The stock has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $28.98. The company has a market capitalization of $2.57 billion, a PE ratio of -8.77 and a beta of 2.01. C3.ai, Inc. has a 1 year low of $17.03 and a 1 year high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.37). C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The firm had revenue of $98.78 million during the quarter, compared to analyst estimates of $98.12 million. As a group, analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AI. KeyCorp cut their target price on shares of C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a report on Thursday, February 27th. Piper Sandler decreased their price objective on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. DA Davidson cut their price target 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. Finally, Morgan Stanley reduced their price target on C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $29.58.

Hedge Funds Weigh In On C3.ai

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Lisle Cummings Inc. grew its stake in C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. R Squared Ltd acquired a new position in shares of C3.ai during the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. grew its position in shares of C3.ai by 100.7% in the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock valued at $31,000 after purchasing an additional 456 shares in the last quarter. WealthTrak Capital Management LLC acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $33,000. Finally, CENTRAL TRUST Co purchased a new position in C3.ai during the fourth quarter worth approximately $34,000. 38.96% of the stock is owned by hedge funds and other institutional investors.

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.