C3.ai, Inc. (NYSE:AI) CFO Juho Parkkinen Sells 4,931 Shares of Stock

C3.ai, Inc. (NYSE:AI – Get Rating) CFO Juho Parkkinen sold 4,931 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $21.42, for a total value of $105,622.02. Following the completion of the sale, the chief financial officer now owns 342,888 shares of the company’s stock, valued at approximately $7,344,660.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Juho Parkkinen also recently made the following trade(s):

• On Tuesday, December 27th, Juho Parkkinen sold 558 shares of C3.ai stock. The shares were sold at an average price of $10.65, for a total value of $5,942.70.
• On Tuesday, December 20th, Juho Parkkinen sold 928 shares of C3.ai stock. The shares were sold at an average price of $11.84, for a total value of $10,987.52.

C3.ai Price Performance

Shares of NYSE AI traded down $0.45 during mid-day trading on Friday, hitting $21.62. The company had a trading volume of 8,177,693 shares, compared to its average volume of 20,179,195. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -8.93 and a beta of 1.40. C3.ai, Inc. has a 12 month low of $10.16 and a 12 month high of $30.92. The firm’s 50 day simple moving average is $20.14 and its two-hundred day simple moving average is $15.40.

Institutional Trading of C3.ai

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in C3.ai in the 3rd quarter valued at approximately $186,000. PDT Partners LLC increased its position in C3.ai by 5.1% in the 2nd quarter. PDT Partners LLC now owns 144,417 shares of the company’s stock valued at $2,637,000 after acquiring an additional 7,000 shares during the period. Quantbot Technologies LP acquired a new stake in C3.ai in the 3rd quarter valued at approximately $515,000. Tudor Investment Corp Et Al increased its position in C3.ai by 14.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 856,181 shares of the company’s stock valued at $10,702,000 after acquiring an additional 106,181 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in C3.ai by 10.1% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 46,399 shares of the company’s stock valued at $580,000 after acquiring an additional 4,253 shares during the period. Institutional investors own 41.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on C3.ai from $11.00 to $16.00 and gave the company a “sell” rating in a report on Friday, March 3rd. Piper Jaffray Companies increased their price target on C3.ai from $13.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, March 3rd. StockNews.com raised C3.ai to a “sell” rating in a report on Friday, March 10th. DA Davidson initiated coverage on C3.ai in a report on Thursday, February 2nd. They set a “buy” rating and a $30.00 target price on the stock. Finally, Wedbush increased their target price on C3.ai from $13.00 to $24.00 in a report on Friday, March 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.45.

C3.ai Company Profile

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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.