C3.ai, Inc. (NYSE:AI) VP Sells $25,209.25 in Stock

C3.ai, Inc. (NYSE:AI) VP Merel Witteveen sold 1,133 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $22.25, for a total value of $25,209.25. Following the sale, the vice president now owns 7,287 shares in the company, valued at approximately $162,135.75. The trade was a 13.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Merel Witteveen also recently made the following trade(s):

• On Tuesday, February 25th, Merel Witteveen sold 337 shares of C3.ai stock. The shares were sold at an average price of $26.41, for a total value of $8,900.17.
• On Monday, December 30th, Merel Witteveen sold 11,132 shares of C3.ai stock. The shares were sold at an average price of $34.95, for a total value of $389,063.40.

C3.ai Stock Performance

AI stock traded up $0.27 during trading on Friday, hitting $22.65. 3,865,835 shares of the company traded hands, compared to its average volume of 5,236,798. The firm has a market capitalization of $3.01 billion, a PE ratio of -10.25 and a beta of 2.03. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $45.08. The company has a 50-day moving average of $28.62 and a 200-day moving average of $29.29.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AI. Morgan Stanley decreased their target price on C3.ai from $32.00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, February 27th. StockNews.com upgraded C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Thursday, February 27th. Canaccord Genuity Group decreased their target price on C3.ai from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, JMP Securities upped their target price on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, C3.ai currently has a consensus rating of “Hold” and a consensus target price of $31.33.

Institutional Investors Weigh In On C3.ai

Several institutional investors have recently bought and sold shares of AI. Brown Lisle Cummings Inc. raised its position in C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares during the last quarter. R Squared Ltd bought a new position in C3.ai during the 4th quarter valued at approximately $29,000. Russell Investments Group Ltd. raised its position in C3.ai by 100.7% during the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company’s stock valued at $31,000 after purchasing an additional 456 shares during the last quarter. WealthTrak Capital Management LLC bought a new position in C3.ai during the 4th quarter valued at approximately $33,000. Finally, CENTRAL TRUST Co bought a new position in C3.ai during the 4th quarter valued at approximately $34,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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.