C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Thomas M. Siebel sold 13,567 shares of the business's 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
C3.ai Price Performance
AI traded up $0.03 during trading on Friday, hitting $19.38. The company's stock had a trading volume of 2,348,902 shares, compared to its average volume of 5,204,859. C3.ai, Inc. has a twelve month low of $17.03 and a twelve month high of $45.08. The firm's 50 day moving average price is $23.20 and its 200-day moving average price is $28.90. The stock has a market cap of $2.57 billion, a PE ratio of -8.77 and a beta of 2.01.
C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings results 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). C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The company had revenue of $98.78 million during the quarter, compared to analyst estimates of $98.12 million. Equities analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently commented on AI. Piper Sandler reduced their target price on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. KeyCorp lowered their price objective on C3.ai from $21.00 to $17.00 and set an "underweight" rating on the stock in a report on Thursday. Canaccord Genuity Group decreased their target price on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley reduced their price objective on shares of C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research note on Thursday, February 27th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $29.58.
Get Our Latest Stock Report on C3.ai
Institutional Trading of C3.ai
Institutional investors have recently modified their holdings of the company. Brown Lisle Cummings Inc. boosted its position in C3.ai by 100.0% during the 4th 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. Russell Investments Group Ltd. lifted its position in C3.ai by 100.7% during the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after acquiring an additional 456 shares in the last quarter. Legal & General Group Plc grew its position in C3.ai by 0.4% in the fourth quarter. Legal & General Group Plc now owns 119,144 shares of the company's stock valued at $4,102,000 after acquiring an additional 517 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company's stock worth $46,000 after purchasing an additional 555 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in C3.ai by 2.4% in the fourth quarter. Corient Private Wealth LLC now owns 23,371 shares of the company's stock valued at $805,000 after purchasing an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company's stock.
C3.ai Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider C3.ai, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and C3.ai wasn't on the list.
While C3.ai currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
