Stephen Bradley Ehikian Sells 52,194 Shares of C3.ai (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) CEO Stephen Bradley Ehikian sold 52,194 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $8.22, for a total transaction of $429,034.68. Following the completion of the transaction, the chief executive officer owned 721,485 shares in the company, valued at approximately $5,930,606.70. The trade was a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

C3.ai Price Performance

AI stock opened at $8.63 on Friday. C3.ai, Inc. has a 12 month low of $7.68 and a 12 month high of $30.24. The firm’s 50-day moving average is $9.77 and its 200 day moving average is $13.62. The company has a market capitalization of $1.25 billion, a PE ratio of -2.74 and a beta of 2.08.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.11). The company had revenue of $53.26 million during the quarter, compared to analysts’ expectations of $75.91 million. C3.ai had a negative net margin of 141.35% and a negative return on equity of 55.40%. C3.ai’s quarterly revenue was down 46.1% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share. Sell-side analysts forecast that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

AI has been the topic of several research reports. Citizens Jmp downgraded C3.ai from an “outperform” rating to a “market perform” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. dropped their price target on C3.ai from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, February 26th. UBS Group restated a “reduce” rating on shares of C3.ai in a report on Thursday, February 26th. DA Davidson lowered their price objective on shares of C3.ai from $13.00 to $7.00 and set an “underperform” rating for the company in a research note on Thursday, February 26th. Finally, Wedbush dropped their target price on shares of C3.ai from $20.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $15.87.

Institutional Trading of C3.ai

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Silicon Valley Capital Partners purchased a new position in shares of C3.ai in the 2nd quarter valued at $25,000. Larson Financial Group LLC lifted its stake in shares of C3.ai by 683.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after purchasing an additional 1,292 shares during the last quarter. Parallel Advisors LLC boosted 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 valued at $32,000 after purchasing an additional 801 shares in the last quarter. Financial Consulate Inc. purchased a new position in C3.ai in the third quarter valued at about $36,000. Finally, Farther Finance Advisors LLC grew its stake in C3.ai by 66.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock valued at $29,000 after purchasing an additional 852 shares during the last quarter. 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.