C3.ai, Inc. (NYSE:AI - Get Free Report) Chairman Thomas Siebel sold 27,210 shares of C3.ai stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $9.27, for a total value of $252,236.70. Following the completion of the transaction, the chairman directly owned 748,277 shares in the company, valued at $6,936,527.79. This represents a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Trading Up 2.1%
Shares of AI opened at $9.42 on Wednesday. The business's 50-day moving average price is $8.85 and its 200 day moving average price is $12.23. The stock has a market capitalization of $1.37 billion, a P/E ratio of -2.99 and a beta of 2.00. 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 issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.11). The company had revenue of $53.26 million during the quarter, compared to analysts' expectations of $75.91 million. C3.ai had a negative return on equity of 55.40% and a negative net margin of 141.35%.The company's revenue for the quarter was down 46.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.12) EPS. On average, research analysts predict that C3.ai, Inc. will post -3.22 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on AI shares. UBS Group reaffirmed a "reduce" rating on shares of C3.ai in a research note on Thursday, February 26th. Wolfe Research reaffirmed an "underperform" rating and set a $6.00 target price on shares of C3.ai in a research note on Thursday, February 26th. KeyCorp lowered their target price on C3.ai from $10.00 to $6.00 and set an "underweight" rating on the stock in a research note on Thursday, February 26th. Bank of America set a $10.00 target price on C3.ai in a research note on Friday, January 30th. Finally, Citizens Jmp cut C3.ai from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, C3.ai has a consensus rating of "Reduce" and a consensus target price of $15.87.
Check Out Our Latest Report on C3.ai
Hedge Funds Weigh In On C3.ai
Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in C3.ai by 683.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company's stock valued at $26,000 after acquiring an additional 1,292 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of C3.ai by 66.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company's stock valued at $29,000 after buying an additional 852 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of C3.ai by 76.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company's stock valued at $32,000 after buying an additional 801 shares in the last quarter. Comerica Bank grew its stake in shares of C3.ai by 839.1% in the 4th quarter. Comerica Bank now owns 2,423 shares of the company's stock valued at $33,000 after buying an additional 2,165 shares in the last quarter. Finally, Olistico Wealth LLC bought a new stake in shares of C3.ai in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 38.96% of the company's stock.
Trending Headlines about C3.ai
Here are the key news stories impacting C3.ai this week:
- Positive Sentiment: C3.ai closed higher in the latest session, reflecting short-term buying interest and momentum that may attract momentum traders. C3.ai Rises Higher Than Market: Key Facts
- Positive Sentiment: Macro/sector tailwind: a recent piece highlighting the Pentagon’s moves to contract AI vendors puts federal AI suppliers in the spotlight — that could boost demand visibility for pure-play federal AI names like C3.ai. After Pentagon Inks Deal With AI Firms, Buy These Under $20 Stocks
- Neutral Sentiment: Broader AI/voice/edge-AI coverage and earnings previews for other AI-related firms are keeping the sector in focus; these stories can drive headline flow and short-term sector volatility but don’t specifically change C3.ai’s fundamentals. SoundHound to Post Q1 Earnings
- Negative Sentiment: Insider sale: Chairman Thomas M. Siebel sold 27,210 shares (about a 3.51% reduction in the disclosed stake) to cover tax withholding tied to equity vesting. While described as a tax-related sale rather than a strategic exit, insider selling can be perceived negatively by some investors. SEC Form 4
C3.ai Company Profile
(
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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