C3.ai, Inc. (NYSE:AI) Director John E. Hyten Sells 5,000 Shares

C3.ai, Inc. (NYSE:AI) Director John E. Hyten sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $38.37, for a total transaction of $191,850.00. Following the completion of the sale, the director now directly owns 263,843 shares in the company, valued at approximately $10,123,655.91. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

C3.ai Stock Performance

Shares of AI opened at $42.96 on Tuesday. C3.ai, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $45.08. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of -19.44 and a beta of 2.00. The firm has a 50 day moving average price of $30.39 and a 200-day moving average price of $27.70.

Institutional Trading of C3.ai

Several hedge funds have recently added to or reduced their stakes in AI. JTC Employer Solutions Trustee Ltd bought a new position in shares of C3.ai during the third quarter valued at about $25,000. Blue Trust Inc. grew its position in C3.ai by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock worth $28,000 after acquiring an additional 615 shares during the last quarter. Unique Wealth Strategies LLC purchased a new position in C3.ai in the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC bought a new stake in C3.ai in the second quarter valued at approximately $29,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of C3.ai by 311.8% during 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 during the period. 38.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on AI shares. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research note on Tuesday, December 10th. Piper Sandler Companies reiterated a “neutral” rating and issued a $24.00 price objective on shares of C3.ai in a research report on Thursday, September 5th. Bank of America reduced their target price on C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. StockNews.com raised C3.ai to a “sell” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley boosted their price objective on C3.ai from $21.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.55.

About C3.ai

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.