C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 27,010 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $22.27, for a total value of $601,512.70. Following the completion of the sale, the chief executive officer now owns 26,115 shares of the company's stock, valued at $581,581.05. This trade represents a 50.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $19.47, for a total value of $264,149.49.
C3.ai Price Performance
Shares of C3.ai stock traded down $0.11 on Friday, reaching $23.36. 3,060,830 shares of the company traded hands, compared to its average volume of 5,148,595. The firm has a market capitalization of $3.10 billion, a PE ratio of -10.57 and a beta of 1.99. C3.ai, Inc. has a 52 week low of $17.03 and a 52 week high of $45.08. The company has a 50 day moving average of $21.36 and a 200 day moving average of $28.57.
C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.37). The firm had revenue of $98.78 million for the quarter, compared to analysts' expectations of $98.12 million. C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. As a group, analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in AI. Brown Lisle Cummings Inc. grew its holdings in C3.ai by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after purchasing an additional 400 shares during the period. R Squared Ltd purchased a new stake in shares of C3.ai during the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. increased its position in shares of 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 in the last quarter. WealthTrak Capital Management LLC bought a new position in C3.ai in the 4th quarter valued at approximately $33,000. Finally, CENTRAL TRUST Co bought a new stake in shares of C3.ai in the 4th quarter worth $34,000. Institutional investors own 38.96% of the company's stock.
Wall Street Analyst Weigh In
AI has been the topic of a number of recent research reports. Canaccord Genuity Group lowered their target price on C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. KeyCorp reduced their target price on C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Morgan Stanley decreased their price target on shares of C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Piper Sandler reduced their price objective on C3.ai from $42.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $29.58.
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C3.ai Company Profile
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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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