Insider Selling: C3.ai, Inc. (NYSE:AI) VP Sells 11,132 Shares of Stock

C3.ai, Inc. (NYSE:AI) VP Merel Witteveen sold 11,132 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $34.95, for a total transaction of $389,063.40. Following the completion of the sale, the vice president now owns 4,142 shares of the company’s stock, valued at approximately $144,762.90. The trade was a 72.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

C3.ai Stock Performance

Shares of NYSE:AI traded up $0.24 during trading on Thursday, hitting $34.67. The company’s stock had a trading volume of 3,609,250 shares, compared to its average volume of 6,033,838. The company has a market capitalization of $4.47 billion, a PE ratio of -15.69 and a beta of 2.00. C3.ai, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $45.08. The stock’s 50-day moving average price is $33.52 and its two-hundred day moving average price is $28.39.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AI shares. Oppenheimer reissued an “outperform” rating and set a $40.00 price objective on shares of C3.ai in a research note on Thursday, September 5th. StockNews.com raised C3.ai to a “sell” rating in a research note on Tuesday, November 26th. DA Davidson raised shares of C3.ai to a “hold” rating in a research report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. Finally, JMP Securities boosted their price objective on shares of 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 analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $35.00.

Hedge Funds Weigh In On C3.ai

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of C3.ai by 2.1% during the second quarter. American Century Companies Inc. now owns 21,447 shares of the company’s stock worth $621,000 after purchasing an additional 432 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of C3.ai by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 14,078 shares of the company’s stock worth $341,000 after acquiring an additional 457 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of C3.ai by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 11,165 shares of the company’s stock valued at $323,000 after acquiring an additional 462 shares during the last quarter. Rhumbline Advisers raised its position in shares of C3.ai by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 125,344 shares of the company’s stock valued at $3,630,000 after acquiring an additional 572 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in C3.ai by 5.9% during the second quarter. EP Wealth Advisors LLC now owns 10,840 shares of the company’s stock worth $314,000 after purchasing an additional 601 shares during 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.