C3.ai, Inc. (NYSE:AI) Director Patricia A. House sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $50.66, for a total value of $5,066,000.00. Following the completion of the transaction, the director now owns 10,292 shares in the company, valued at approximately $521,392.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AI opened at $49.84 on Friday. The firm has a market cap of $5.15 billion and a PE ratio of -55.38. The stock’s fifty day moving average price is $50.53 and its two-hundred day moving average price is $61.07. C3.ai, Inc. has a 1 year low of $44.35 and a 1 year high of $183.90.
C3.ai (NYSE:AI) last issued its earnings results on Tuesday, August 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.09). The business had revenue of $52.41 million during the quarter, compared to analysts’ expectations of $51.27 million. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities analysts forecast that C3.ai, Inc. will post -1.53 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in shares of C3.ai by 270.1% in the second quarter. Allianz Asset Management GmbH now owns 3,968,698 shares of the company’s stock valued at $248,162,000 after purchasing an additional 2,896,310 shares in the last quarter. Vanguard Group Inc. grew its position in shares of C3.ai by 57.4% in the second quarter. Vanguard Group Inc. now owns 2,462,211 shares of the company’s stock valued at $153,962,000 after purchasing an additional 898,128 shares in the last quarter. Spring Creek Capital LLC purchased a new position in shares of C3.ai in the first quarter valued at $156,929,000. Morgan Stanley grew its position in shares of C3.ai by 349.8% in the first quarter. Morgan Stanley now owns 1,196,102 shares of the company’s stock valued at $78,835,000 after purchasing an additional 930,171 shares in the last quarter. Finally, Coatue Management LLC purchased a new position in shares of C3.ai in the first quarter valued at $58,829,000. Institutional investors own 40.45% of the company’s stock.
C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions.
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