C3.ai, Inc. (NYSE:AI) VP Merel Witteveen Sells 1,133 Shares

C3.ai, Inc. (NYSE:AI - Get Free Report) VP Merel Witteveen sold 1,133 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $22.25, for a total value of $25,209.25. Following the sale, the vice president now owns 7,287 shares of the company's stock, valued at $162,135.75. The trade was a 13.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Merel Witteveen also recently made the following trade(s):

• On Tuesday, February 25th, Merel Witteveen sold 337 shares of C3.ai stock. The stock was sold at an average price of $26.41, for a total transaction of $8,900.17.
• On Monday, December 30th, Merel Witteveen sold 11,132 shares of C3.ai stock. The shares were sold at an average price of $34.95, for a total transaction of $389,063.40.

C3.ai Trading Up 0.2 %

AI traded up $0.05 during trading hours on Tuesday, hitting $23.54. 2,626,172 shares of the company's stock were exchanged, compared to its average volume of 5,236,424. The firm has a 50 day moving average of $28.27 and a 200 day moving average of $29.39. The firm has a market cap of $3.12 billion, a P/E ratio of -10.65 and a beta of 2.03. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08.

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 during the quarter, compared to analyst estimates 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, research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AI. Vanguard Group Inc. lifted its stake in C3.ai by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,935,969 shares of the company's stock worth $445,385,000 after purchasing an additional 446,529 shares during the last quarter. Geode Capital Management LLC raised its holdings in C3.ai by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 2,529,991 shares of the company's stock worth $87,128,000 after purchasing an additional 313,066 shares in the last quarter. State Street Corp lifted its position in shares of C3.ai by 1.8% during the 3rd quarter. State Street Corp now owns 2,121,391 shares of the company's stock worth $51,401,000 after buying an additional 38,185 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of C3.ai in the 4th quarter valued at $42,306,000. Finally, Man Group plc purchased a new position in shares of C3.ai in the 4th quarter valued at $38,455,000. 38.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AI. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a report on Thursday, February 27th. StockNews.com raised shares of C3.ai to a "sell" rating in a report on Tuesday, November 26th. Canaccord Genuity Group reduced 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 note on Thursday, February 27th. Morgan Stanley dropped their price target on shares of C3.ai from $32.00 to $30.00 and set an "underweight" rating for the company in a research note on Thursday, February 27th. Finally, JMP Securities raised their price target on shares of C3.ai from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, C3.ai presently has an average rating of "Hold" and a consensus price target of $31.33.

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.