Stock Traders Buy Large Volume of Call Options on C3.ai (NYSE:AI)

C3.ai, Inc. (NYSE:AI - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 144,455 call options on the company. This represents an increase of 95% compared to the average volume of 74,127 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AI shares. DA Davidson raised C3.ai to a "hold" rating in a report on Wednesday, December 18th. Morgan Stanley raised their price target on C3.ai from $21.00 to $32.00 and gave the company an "underweight" rating in a report on Tuesday, December 10th. Northland Securities raised their price target on C3.ai from $35.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. StockNews.com raised C3.ai to a "sell" rating in a report on Tuesday, November 26th. Finally, JMP Securities raised their price target on C3.ai from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Tuesday, December 10th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $35.00.

Insider Transactions at C3.ai

In other news, Director Richard C. Levin sold 12,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $29.84, for a total value of $358,080.00. Following the transaction, the director now directly owns 161,664 shares in the company, valued at $4,824,053.76. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas M. Siebel sold 409,831 shares of C3.ai stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total value of $12,692,466.07. Following the transaction, the chief executive officer now owns 1,756,390 shares in the company, 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 have sold a total of 1,090,552 shares of company stock worth $41,475,697 in the last ninety days. Insiders own 33.54% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AI. Vanguard Group Inc. grew its position in C3.ai by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 12,935,969 shares of the company's stock worth $445,385,000 after acquiring an additional 446,529 shares in the last quarter. Geode Capital Management LLC grew its position in C3.ai by 8.8% in the third quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company's stock worth $53,728,000 after acquiring an additional 178,870 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in C3.ai in the fourth quarter worth about $3,996,000. Raymond James Financial Inc. purchased a new position in C3.ai in the fourth quarter worth about $3,942,000. Finally, Charles Schwab Investment Management Inc. grew its position in C3.ai by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company's stock worth $20,460,000 after acquiring an additional 92,280 shares in the last quarter. Hedge funds and other institutional investors own 38.96% of the company's stock.

C3.ai Stock Down 8.7 %

AI traded down $3.06 on Tuesday, hitting $32.03. The company had a trading volume of 6,925,861 shares, compared to its average volume of 4,737,632. The company has a market cap of $4.13 billion, a PE ratio of -14.49 and a beta of 1.98. C3.ai has a 12-month low of $18.85 and a 12-month high of $45.08. The business's fifty day simple moving average is $35.20 and its 200 day simple moving average is $29.22.

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.