Thomas Siebel Sells 309,589 Shares of C3.ai (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) Chairman Thomas Siebel sold 309,589 shares of C3.ai stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $13.52, for a total value of $4,185,643.28. Following the completion of the transaction, the chairman owned 632,256 shares of the company’s stock, valued at $8,548,101.12. The trade was a 32.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

C3.ai Stock Down 2.8%

NYSE AI traded down $0.40 on Thursday, hitting $13.52. 4,663,901 shares of the stock were exchanged, compared to its average volume of 6,204,365. C3.ai, Inc. has a fifty-two week low of $12.59 and a fifty-two week high of $35.98. The company has a 50-day moving average price of $14.33 and a 200-day moving average price of $18.12. The company has a market cap of $1.90 billion, a PE ratio of -4.78 and a beta of 1.97.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.08. The business had revenue of $75.15 million during the quarter, compared to analysts’ expectations of $74.86 million. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The company’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. As a group, equities research analysts predict that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AI. Bogart Wealth LLC raised its holdings in shares of C3.ai by 22.7% in the second quarter. Bogart Wealth LLC now owns 2,700 shares of the company’s stock valued at $66,000 after buying an additional 500 shares during the last quarter. ProShare Advisors LLC increased its position in C3.ai by 2.4% in the 2nd quarter. ProShare Advisors LLC now owns 25,548 shares of the company’s stock valued at $628,000 after acquiring an additional 593 shares during the period. Moors & Cabot Inc. increased its position in C3.ai by 5.2% in the 2nd quarter. Moors & Cabot Inc. now owns 14,263 shares of the company’s stock valued at $350,000 after acquiring an additional 700 shares during the period. Ameritas Investment Partners Inc. raised its stake in C3.ai by 6.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,365 shares of the company’s stock valued at $304,000 after acquiring an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in C3.ai by 48.7% during the 1st quarter. NewEdge Advisors LLC now owns 2,442 shares of the company’s stock worth $51,000 after acquiring an additional 800 shares during the period. 38.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AI has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $20.00 target price on shares of C3.ai in a research report on Thursday, December 4th. Canaccord Genuity Group reissued a “hold” rating and set a $16.00 price objective on shares of C3.ai in a report on Thursday, December 4th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday, October 8th. Finally, DA Davidson reissued an “underperform” rating and issued a $13.00 price target on shares of C3.ai in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, C3.ai has a consensus rating of “Reduce” and an average target price of $21.92.

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.