C3.ai, Inc. (NYSE:AI) CEO Sells $7,196,079.42 in Stock

C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 356,418 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $20.19, for a total value of $7,196,079.42. Following the completion of the sale, the chief executive officer now directly owns 241,768 shares of the company's stock, valued at approximately $4,881,295.92. This trade represents a 59.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Up 0.2 %

C3.ai stock traded up $0.03 during mid-day trading on Friday, hitting $19.38. 2,348,902 shares of the company were exchanged, compared to its average volume of 5,207,977. The company has a market capitalization of $2.57 billion, a PE ratio of -8.77 and a beta of 2.01. The business has a fifty day moving average of $23.20 and a 200 day moving average of $28.98. 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 announced its earnings results on Wednesday, February 26th. The company reported ($0.62) earnings per share (EPS) 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 analyst estimates of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. Research analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Institutional Investors Weigh In On C3.ai

A number of large investors have recently bought and sold shares of AI. 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 worth $28,000 after purchasing an additional 400 shares during the last quarter. R Squared Ltd bought a new stake in C3.ai during the 4th quarter worth about $29,000. Russell Investments Group Ltd. increased its position in C3.ai by 100.7% in the 4th 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 shares of C3.ai in the fourth quarter worth about $33,000. Finally, CENTRAL TRUST Co acquired a new position in shares of C3.ai during the fourth quarter worth approximately $34,000. 38.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AI has been the subject of several recent research reports. Morgan Stanley lowered their price target on C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a research note on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Piper Sandler cut their price objective on C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group dropped their target price on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, KeyCorp decreased their target price on C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average 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.