C3.ai, Inc. (NYSE:AI – Get Free Report) CEO Stephen Bradley Ehikian sold 50,542 shares of C3.ai stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $9.45, for a total transaction of $477,621.90. Following the completion of the transaction, the chief executive officer owned 651,130 shares of the company’s stock, valued at $6,153,178.50. This represents a 7.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Stock Down 3.8%
AI opened at $9.07 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -2.71 and a beta of 2.06. C3.ai, Inc. has a 52 week low of $7.68 and a 52 week high of $30.11. The business’s 50 day moving average is $9.69 and its two-hundred day moving average is $10.51.
C3.ai (NYSE:AI – Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.05. C3.ai had a negative return on equity of 62.44% and a negative net margin of 187.95%.The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $51.60 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. Equities analysts expect that C3.ai, Inc. will post -2.28 EPS for the current fiscal year.
Analyst Ratings Changes
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Hedge Funds Weigh In On C3.ai
A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of C3.ai by 48.7% in the first 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. Parallel Advisors LLC grew its position in shares of C3.ai by 76.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after acquiring an additional 801 shares during the period. BOKF NA increased its stake in shares of C3.ai by 20.7% in the 3rd quarter. BOKF NA now owns 4,709 shares of the company’s stock valued at $82,000 after purchasing an additional 809 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in C3.ai by 66.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock worth $29,000 after purchasing an additional 852 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in C3.ai by 29.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,373 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 38.96% of the company’s stock.
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.
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