C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel Sells 272,079 Shares of Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel sold 272,079 shares of C3.ai stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $23.99, for a total value of $6,527,175.21. Following the completion of the sale, the chief executive officer now directly owns 4,402,564 shares of the company’s stock, valued at approximately $105,617,510.36. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas M. Siebel also recently made the following trade(s):

• On Wednesday, April 16th, Thomas M. Siebel sold 13,567 shares of C3.ai stock. The stock was sold at an average price of $19.47, for a total transaction of $264,149.49.

C3.ai Trading Down 2.1%

Shares of AI stock opened at $23.37 on Friday. The firm has a fifty day simple moving average of $21.51 and a 200-day simple moving average of $28.50. The company has a market capitalization of $3.10 billion, a PE ratio of -10.57 and a beta of 1.99. C3.ai, Inc. has a twelve month low of $17.03 and a twelve month high of $45.08.

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

Wall Street Analyst Weigh In

AI has been the subject of several research analyst reports. Morgan Stanley dropped their price target on shares of C3.ai from $30.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. KeyCorp reduced their target price on C3.ai from $21.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Piper Sandler dropped their price target on C3.ai from $42.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group dropped their target price on shares of C3.ai from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, C3.ai presently has an average rating of “Hold” and an average price target of $29.58.

Hedge Funds Weigh In On C3.ai

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of C3.ai by 3.6% in the first quarter. Vanguard Group Inc. now owns 13,407,490 shares of the company’s stock worth $282,228,000 after buying an additional 471,521 shares during the last quarter. Geode Capital Management LLC grew its holdings in C3.ai by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 2,529,991 shares of the company’s stock worth $87,128,000 after acquiring an additional 313,066 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of C3.ai in the 4th quarter valued at about $42,306,000. Man Group plc bought a new position in shares of C3.ai during the fourth quarter worth about $38,455,000. Finally, Northern Trust Corp grew its stake in C3.ai by 28.7% in the fourth quarter. Northern Trust Corp now owns 1,055,075 shares of the company’s stock worth $36,326,000 after purchasing an additional 235,364 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Company Profile

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.