Thomas Siebel Sells 27,605 Shares of C3.ai (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) Chairman Thomas Siebel sold 27,605 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $10.81, for a total transaction of $298,410.05. Following the sale, the chairman directly owned 747,882 shares in the company, valued at approximately $8,084,604.42. The trade was a 3.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

C3.ai Price Performance

Shares of C3.ai stock traded down $0.19 during trading hours on Tuesday, reaching $10.73. The company’s stock had a trading volume of 9,367,046 shares, compared to its average volume of 6,728,469. The firm has a 50 day moving average price of $13.81 and a 200-day moving average price of $16.67. The stock has a market cap of $1.51 billion, a P/E ratio of -3.79 and a beta of 1.98. C3.ai, Inc. has a one year low of $10.19 and a one year high of $35.98.

C3.ai (NYSE:AI) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.08. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The firm had revenue of $75.15 million during the quarter, compared to the consensus estimate of $74.86 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was down 20.3% compared to the same quarter last year. As a group, sell-side analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in C3.ai by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 14,469,953 shares of the company’s stock valued at $195,055,000 after buying an additional 108,011 shares during the period. State Street Corp raised its stake in shares of C3.ai by 4.3% during the second quarter. State Street Corp now owns 2,826,249 shares of the company’s stock valued at $69,441,000 after acquiring an additional 116,611 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of C3.ai by 5.9% during the second quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company’s stock valued at $69,129,000 after acquiring an additional 156,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of C3.ai by 9.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,425,976 shares of the company’s stock valued at $42,066,000 after purchasing an additional 211,786 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in C3.ai by 77.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,804,188 shares of the company’s stock worth $31,284,000 after purchasing an additional 785,508 shares in the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AI shares. DA Davidson restated an “underperform” rating and set a $13.00 price target on shares of C3.ai in a report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and set a $20.00 price objective on shares of C3.ai in a research report on Thursday, December 4th. Canaccord Genuity Group restated a “hold” rating and issued a $16.00 target price on shares of C3.ai in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3.ai in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, C3.ai presently has a consensus rating of “Reduce” and an average target price of $19.00.

C3.ai Company Profile

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.