C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel Sells 27,010 Shares

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 27,010 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $22.27, for a total value of $601,512.70. Following the completion of the transaction, the chief executive officer now directly owns 26,115 shares in the company, valued at $581,581.05. This represents a 50.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $19.47, for a total transaction of $264,149.49.

C3.ai Stock Down 2.2 %

NYSE AI opened at $22.00 on Tuesday. The company has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $28.66. C3.ai, Inc. has a 12-month low of $17.03 and a 12-month high of $45.08. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -9.95 and a beta of 1.99.

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

Hedge Funds Weigh In On C3.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Lisle Cummings Inc. lifted 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 purchasing an additional 400 shares in the last quarter. R Squared Ltd bought a new position in shares of C3.ai during the 4th quarter valued at $29,000. Russell Investments Group Ltd. increased its position in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock valued at $31,000 after acquiring an additional 456 shares during the last quarter. WealthTrak Capital Management LLC purchased a new position in C3.ai in the fourth quarter worth about $33,000. Finally, CENTRAL TRUST Co bought a new stake in shares of C3.ai during the 4th quarter valued at about $34,000. Institutional investors own 38.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AI. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Canaccord Genuity Group reduced their price objective on C3.ai from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Morgan Stanley cut their target price on C3.ai from $30.00 to $20.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. DA Davidson dropped their price objective on shares of C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Piper Sandler cut their price objective on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, C3.ai presently has a consensus rating of "Hold" and a consensus target price of $29.58.

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.

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