Key Points
- CEO Stephen Bradley Ehikian sold 52,194 shares on March 31 at an average price of $8.22 for about $429,035, trimming his stake by 6.75% to 721,485 shares (valued at roughly $5.93M).
- C3.ai reported weak quarterly results—EPS of ($0.40) missed estimates and revenue of $53.3M fell well short of $75.9M (down 46.1% year-over-year)—and several analysts have cut price targets, leaving a consensus rating of "Reduce".
C3.ai, Inc. (NYSE:AI - Get Free Report) CEO Stephen Bradley Ehikian sold 52,194 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $8.22, for a total value of $429,034.68. Following the completion of the transaction, the chief executive officer owned 721,485 shares in the company, valued at $5,930,606.70. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
C3.ai Trading Up 1.9%
Shares of NYSE:AI opened at $8.63 on Friday. The stock has a market capitalization of $1.25 billion, a P/E ratio of -2.74 and a beta of 2.08. The business has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $13.68. C3.ai, Inc. has a 1-year low of $7.68 and a 1-year high of $30.24.
C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.11). The business had revenue of $53.26 million during the quarter, compared to analyst estimates of $75.91 million. C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. The company's quarterly revenue was down 46.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, equities analysts predict that C3.ai, Inc. will post -2.44 EPS for the current year.
Institutional Trading of C3.ai
Several large investors have recently modified their holdings of AI. Dimensional Fund Advisors LP boosted its position in shares of C3.ai by 77.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company's stock worth $31,284,000 after acquiring an additional 785,508 shares in the last quarter. Two Sigma Investments LP bought a new stake in C3.ai during the 3rd quarter worth approximately $13,379,000. Voloridge Investment Management LLC bought a new stake in shares of C3.ai in the fourth quarter worth $9,183,000. Federated Hermes Inc. grew its position in shares of C3.ai by 93,578.8% in the 4th quarter. Federated Hermes Inc. now owns 675,424 shares of the company's stock valued at $9,105,000 after buying an additional 674,703 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in C3.ai by 2,831.4% during the 3rd quarter. Quantbot Technologies LP now owns 554,472 shares of the company's stock valued at $9,615,000 after purchasing an additional 535,557 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently commented on the company. Canaccord Genuity Group dropped their price objective on C3.ai from $16.00 to $7.00 and set a "hold" rating on the stock in a research note on Thursday, February 26th. Citizens Jmp cut shares of C3.ai from an "outperform" rating to a "market perform" rating in a report on Thursday, February 26th. DA Davidson reduced their price target on C3.ai from $13.00 to $7.00 and set an "underperform" rating for the company in a research report on Thursday, February 26th. Wedbush cut their price target on shares of C3.ai from $20.00 to $15.00 and set an "outperform" rating for the company in a research note on Thursday, February 26th. Finally, Bank of America set a $10.00 target price on C3.ai in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, C3.ai currently has a consensus rating of "Reduce" and a consensus target price of $15.87.
View Our Latest Analysis on C3.ai
About C3.ai
(
Get Free Report)
C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company's core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.
The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.
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