C3.ai Sees Unusually High Options Volume (NYSE:AI)

C3.ai, Inc. (NYSE:AI - Get Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 158,384 call options on the company. This is an increase of 92% compared to the typical volume of 82,329 call options.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research note on Thursday, February 27th. StockNews.com raised C3.ai to a "sell" rating in a research note on Tuesday, November 26th. Northland Securities lifted their target price on shares of C3.ai from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Piper Sandler reduced their price target on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley decreased their price objective 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. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.33.

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Insider Buying and Selling

In related news, 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 transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas M. Siebel sold 409,831 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the sale, the chief executive officer now owns 1,756,390 shares of the company's stock, valued at $54,395,398.30. This trade represents a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,510,546 shares of company stock valued at $43,235,262 in the last three months. 33.54% of the stock is currently owned by corporate insiders.

Institutional Trading of C3.ai

A number of hedge funds have recently bought and sold shares of AI. Brown Lisle Cummings Inc. lifted its stake 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 buying an additional 400 shares during the period. Russell Investments Group Ltd. raised its position in C3.ai by 100.7% in the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after purchasing an additional 456 shares in the last quarter. Victory Capital Management Inc. lifted its stake in C3.ai by 3.4% during the third quarter. Victory Capital Management Inc. now owns 14,078 shares of the company's stock worth $341,000 after purchasing an additional 457 shares during the period. Legal & General Group Plc boosted its holdings in C3.ai by 0.4% during the fourth quarter. Legal & General Group Plc now owns 119,144 shares of the company's stock valued at $4,102,000 after purchasing an additional 517 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company's stock valued at $46,000 after purchasing an additional 555 shares in the last quarter. 38.96% of the stock is owned by institutional investors.

C3.ai Trading Down 0.3 %

C3.ai stock traded down $0.08 during mid-day trading on Tuesday, hitting $23.41. 1,410,203 shares of the company's stock were exchanged, compared to its average volume of 5,236,424. The stock has a 50 day moving average of $28.27 and a two-hundred day moving average of $29.39. C3.ai has a 1-year low of $18.85 and a 1-year high of $45.08. The stock has a market cap of $3.11 billion, a P/E ratio of -10.59 and a beta of 2.03.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $98.12 million. As a group, research analysts predict that C3.ai will post -2.44 EPS for the current fiscal year.

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.