C3.ai (AI) to Release Earnings on Wednesday

C3.ai (NYSE:AI - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect C3.ai to post earnings of ($0.25) per share and revenue of $98.12 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

C3.ai Stock Performance

C3.ai stock traded down $1.40 on Friday, reaching $28.50. The company's stock had a trading volume of 4,866,110 shares, compared to its average volume of 4,727,896. The company has a market cap of $3.68 billion, a price-to-earnings ratio of -12.89 and a beta of 1.98. The business's fifty day moving average price is $34.02 and its 200 day moving average price is $29.47. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AI shares. Morgan Stanley upped their price target on C3.ai from $21.00 to $32.00 and gave the company an "underweight" rating in a research note on Tuesday, December 10th. DA Davidson raised C3.ai to a "hold" rating in a research note on Wednesday, December 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research note on Tuesday, December 10th. StockNews.com raised C3.ai to a "sell" rating in a research note on Tuesday, November 26th. Finally, KeyCorp lowered C3.ai from a "sector weight" rating to an "underweight" rating and set a $29.00 price target on the stock. in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.00.

Insiders Place Their Bets

In other C3.ai news, Director Jim H. Snabe sold 499,700 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total value of $21,512,085.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at $430,500. This represents a 98.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total value of $476,238.00. Following the transaction, the chief financial officer now owns 851 shares of the company's stock, valued at approximately $35,742. The trade was a 93.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,642,974 shares of company stock worth $59,727,720 over the last ninety days. 33.54% of the stock is currently owned by corporate insiders.

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.