Insider Selling: C3.ai, Inc. (NYSE:AI) Insider Sells 30,000 Shares of Stock

C3.ai, Inc. (NYSE:AI) insider Houman Behzadi sold 30,000 shares of the company’s stock in a transaction dated Monday, October 11th. The stock was sold at an average price of $44.63, for a total value of $1,338,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Houman Behzadi also recently made the following trade(s):

  • On Monday, October 4th, Houman Behzadi sold 15,887 shares of C3.ai stock. The shares were sold at an average price of $43.76, for a total value of $695,215.12.
  • On Friday, September 10th, Houman Behzadi sold 30,000 shares of C3.ai stock. The shares were sold at an average price of $50.88, for a total value of $1,526,400.00.
  • On Wednesday, September 1st, Houman Behzadi sold 15,887 shares of C3.ai stock. The shares were sold at an average price of $53.56, for a total value of $850,907.72.
  • On Monday, August 16th, Houman Behzadi sold 15,887 shares of C3.ai stock. The shares were sold at an average price of $46.96, for a total value of $746,053.52.

Shares of AI traded up $1.72 during mid-day trading on Wednesday, reaching $46.76. The company had a trading volume of 1,951,846 shares, compared to its average volume of 3,445,346. C3.ai, Inc. has a twelve month low of $42.70 and a twelve month high of $183.90. The company’s 50-day moving average is $48.24 and its 200-day moving average is $55.99. The company has a market capitalization of $4.84 billion and a P/E ratio of -51.96.

C3.ai (NYSE:AI) last issued its earnings results on Tuesday, August 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.09). The firm had revenue of $52.41 million during the quarter, compared to analyst estimates of $51.27 million. The firm’s revenue was up 29.5% compared to the same quarter last year. On average, equities analysts predict that C3.ai, Inc. will post -1.53 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in C3.ai by 127.1% during the 1st quarter. Captrust Financial Advisors now owns 436 shares of the company’s stock valued at $29,000 after purchasing an additional 244 shares in the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in C3.ai during the 2nd quarter valued at $29,000. Arkadios Wealth Advisors acquired a new stake in C3.ai during the 2nd quarter valued at $36,000. NEXT Financial Group Inc increased its holdings in C3.ai by 102.7% during the 2nd quarter. NEXT Financial Group Inc now owns 592 shares of the company’s stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. Finally, Strategic Blueprint LLC acquired a new stake in C3.ai during the 2nd quarter valued at $39,000. 40.45% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on AI shares. Deutsche Bank Aktiengesellschaft decreased their target price on C3.ai from $63.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, September 3rd. Morgan Stanley reduced their price objective on C3.ai from $62.00 to $45.00 and set an “underweight” rating for the company in a research report on Thursday, September 2nd. Wedbush reduced their price objective on C3.ai from $100.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 2nd. JMP Securities reduced their price objective on C3.ai from $167.00 to $96.00 and set a “market outperform” rating for the company in a research report on Thursday, September 2nd. Finally, Needham & Company LLC reduced their price objective on C3.ai from $146.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, September 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, C3.ai presently has an average rating of “Hold” and an average price target of $87.78.

About C3.ai

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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Insider Buying and Selling by Quarter for C3.ai (NYSE:AI)

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