C3.ai, Inc. (NYSE:AI – Get Free Report) CEO Thomas Siebel sold 139,500 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $9.61, for a total transaction of $1,340,595.00. Following the completion of the transaction, the chief executive officer directly owned 866,196 shares of the company’s stock, valued at approximately $8,324,143.56. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
C3.ai Price Performance
Shares of AI traded up $0.34 during midday trading on Tuesday, hitting $10.07. The stock had a trading volume of 4,155,912 shares, compared to its average volume of 5,351,556. The company has a 50 day simple moving average of $9.61 and a two-hundred day simple moving average of $9.69. C3.ai, Inc. has a twelve month low of $7.68 and a twelve month high of $23.76. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -3.02 and a beta of 2.08.
C3.ai (NYSE:AI – Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.05. The company had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $51.60 million. C3.ai had a negative return on equity of 62.44% and a negative net margin of 187.95%.C3.ai’s revenue for the quarter was down 52.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. Analysts forecast that C3.ai, Inc. will post -2.28 EPS for the current fiscal year.
Analyst Ratings Changes
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Institutional Investors Weigh In On C3.ai
Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in shares of C3.ai in the 1st quarter valued at approximately $26,000. Larson Financial Group LLC grew its stake in shares of C3.ai by 683.6% in the third quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock valued at $26,000 after buying an additional 1,292 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in C3.ai by 66.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock worth $29,000 after buying an additional 852 shares during the last quarter. Parallel Advisors LLC raised its position in C3.ai by 76.4% during the third quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock worth $32,000 after acquiring an additional 801 shares in the last quarter. Finally, Comerica Bank raised its position in C3.ai by 839.1% during the fourth quarter. Comerica Bank now owns 2,423 shares of the company’s stock worth $33,000 after acquiring an additional 2,165 shares in the last quarter. Institutional investors own 38.96% of the company’s stock.
About C3.ai
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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