Thomas M. Siebel Sells 13,567 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel sold 13,567 shares of C3.ai stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $19.47, for a total transaction of $264,149.49. The transaction was disclosed in a document filed with the SEC, which is available at this link.

C3.ai Stock Up 0.2 %

Shares of AI opened at $19.38 on Friday. The stock’s fifty day simple moving average is $23.20 and its 200-day simple moving average is $28.90. The firm has a market capitalization of $2.57 billion, a PE ratio of -8.77 and a beta of 2.01. C3.ai, Inc. has a 12-month low of $17.03 and a 12-month high of $45.08.

C3.ai (NYSE:AI) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.37). C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The business had revenue of $98.78 million for the quarter, compared to analyst estimates of $98.12 million. Analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Lisle Cummings Inc. boosted its holdings in C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. R Squared Ltd bought a new position in C3.ai during the 4th quarter worth approximately $29,000. Russell Investments Group Ltd. increased its stake in C3.ai by 100.7% in the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company’s stock valued at $31,000 after purchasing an additional 456 shares in the last quarter. WealthTrak Capital Management LLC acquired a new stake in C3.ai in the fourth quarter worth $33,000. Finally, CENTRAL TRUST Co acquired a new position in shares of C3.ai in the 4th quarter valued at $34,000. 38.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on AI shares. DA Davidson dropped their price target on shares of C3.ai from $25.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their target price on C3.ai from $30.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday. KeyCorp lowered their price target on C3.ai from $21.00 to $17.00 and set an “underweight” rating on the stock in a research report on Thursday. Piper Sandler reduced their target price on shares of C3.ai from $42.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, February 27th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.58.

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.