C3.ai, Inc. (NYSE:AI) VP Sells $25,209.25 in Stock

C3.ai, Inc. (NYSE:AI) VP Merel Witteveen sold 1,133 shares of the 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 completion of the transaction, the vice president now directly owns 7,287 shares of the company’s stock, valued at $162,135.75. This represents a 13.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 25th, Merel Witteveen sold 337 shares of C3.ai stock. The shares were sold at an average price of $26.41, for a total value 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 value of $389,063.40.

C3.ai Trading Up 1.2 %

Shares of AI stock traded up $0.27 during trading hours on Friday, reaching $22.65. 3,865,835 shares of the company’s stock were exchanged, compared to its average volume of 5,236,798. The stock’s 50 day moving average is $28.62 and its 200-day moving average is $29.29. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -10.25 and a beta of 2.03. C3.ai, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI) last released its earnings results on Wednesday, February 26th. The company reported ($0.62) earnings per share (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 firm had revenue of $98.78 million during the quarter, compared to analyst estimates of $98.12 million. Equities analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current year.

Institutional Investors Weigh In On C3.ai

Several hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of C3.ai by 12.3% during the 3rd 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. SBI Securities Co. Ltd. purchased a new stake in shares of C3.ai during the 4th quarter worth about $3,996,000. PDT Partners LLC purchased a new stake in shares of C3.ai during the 3rd quarter worth about $1,624,000. Janney Montgomery Scott LLC boosted its stake in shares of C3.ai by 70.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company’s stock worth $1,905,000 after acquiring an additional 22,949 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of C3.ai during the 4th quarter worth about $2,015,000. 38.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AI. DA Davidson cut their target price on C3.ai from $40.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. StockNews.com upgraded C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Piper Sandler cut their target price on C3.ai from $42.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group cut their target price on C3.ai from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, JMP Securities increased their target price on C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.