C3.ai, Inc. (NYSE:AI) Director Sells $358,080.00 in Stock

C3.ai, Inc. (NYSE:AI - Get Free Report) Director Richard C. Levin sold 12,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $29.84, for a total value of $358,080.00. Following the sale, the director now owns 161,664 shares of the company's stock, valued at $4,824,053.76. This represents a 6.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

C3.ai Price Performance

C3.ai stock traded down $0.18 during trading hours on Friday, hitting $33.47. 4,276,524 shares of the stock traded hands, compared to its average volume of 4,364,987. The firm's 50 day moving average price is $35.22 and its 200-day moving average price is $29.14. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of -15.15 and a beta of 1.98. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $45.08.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AI. JPMorgan Chase & Co. cut C3.ai from a "neutral" rating to an "underweight" rating and set a $28.00 target price for the company. in a research report on Wednesday, December 11th. JMP Securities lifted their target price on C3.ai from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 10th. Piper Sandler lifted their target price on C3.ai from $24.00 to $42.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Northland Securities lifted their target price on C3.ai from $35.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, KeyCorp downgraded C3.ai from a "sector weight" rating to an "underweight" rating and set a $29.00 price target on the stock. in a report on Thursday, December 19th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, C3.ai has an average rating of "Hold" and a consensus target price of $35.00.

Institutional Trading of C3.ai

Large investors have recently added to or reduced their stakes in the company. JTC Employer Solutions Trustee Ltd acquired a new position in C3.ai in the 3rd quarter worth about $25,000. Brown Lisle Cummings Inc. grew its position in shares of C3.ai by 100.0% in 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 purchased a new stake in shares of C3.ai in the fourth quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. grew its position in shares of C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company's stock valued at $30,000 after purchasing an additional 795 shares in the last quarter. Finally, CENTRAL TRUST Co purchased a new position in C3.ai in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 38.96% of the company's stock.

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.