C3.ai, Inc. (NYSE:AI) insider Houman Behzadi sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $63.56, for a total transaction of $4,449,200.00. Following the transaction, the insider now directly owns 301,108 shares of the company’s stock, valued at approximately $19,138,424.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of AI stock opened at $58.08 on Friday. The stock has a market capitalization of $5.86 billion and a P/E ratio of -64.53. The company has a fifty day moving average price of $62.46. C3.ai, Inc. has a twelve month low of $47.22 and a twelve month high of $183.90.
C3.ai (NYSE:AI) last announced its earnings results on Tuesday, June 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.05. The firm had revenue of $52.28 million during the quarter, compared to analysts’ expectations of $50.60 million. The business’s revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts anticipate that C3.ai, Inc. will post -1.12 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in AI. Creative Planning purchased a new position in shares of C3.ai in the fourth quarter valued at $472,000. Victory Capital Management Inc. acquired a new stake in C3.ai in the fourth quarter valued at $694,000. US Bancorp DE acquired a new stake in C3.ai in the fourth quarter valued at $57,000. SG Americas Securities LLC acquired a new stake in C3.ai in the fourth quarter valued at $480,000. Finally, Baker Hughes Holdings LLC acquired a new stake in C3.ai in the fourth quarter valued at $1,500,317,000. Institutional investors and hedge funds own 46.16% of the company’s stock.
C3.ai Company Profile
C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions.
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