C3.ai, Inc. (NYSE:AI) Director Richard C. Levin Sells 24,000 Shares

C3.ai, Inc. (NYSE:AI – Get Rating) Director Richard C. Levin sold 24,000 shares of C3.ai stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $30.26, for a total value of $726,240.00. Following the completion of the transaction, the director now owns 185,664 shares of the company’s stock, valued at $5,618,192.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

C3.ai Trading Up 2.0 %

Shares of AI opened at $28.41 on Friday. C3.ai, Inc. has a one year low of $10.16 and a one year high of $34.68. The company has a 50-day moving average of $22.76 and a two-hundred day moving average of $18.59.

C3.ai (NYSE:AI – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.57) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.12. The firm had revenue of $66.67 million during the quarter, compared to analyst estimates of $63.89 million. C3.ai had a negative net margin of 98.35% and a negative return on equity of 27.12%. Equities analysts forecast that C3.ai, Inc. will post -2.49 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ProShare Advisors LLC purchased a new position in C3.ai during the 1st quarter valued at about $295,000. Arete Wealth Advisors LLC purchased a new position in C3.ai during the first quarter valued at approximately $550,000. Anson Funds Management LP acquired a new position in C3.ai in the 1st quarter valued at approximately $378,000. Titleist Asset Management LLC purchased a new stake in C3.ai in the 1st quarter worth approximately $219,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of C3.ai by 89.0% during the 1st quarter. JPMorgan Chase & Co. now owns 151,086 shares of the company’s stock valued at $5,071,000 after buying an additional 71,159 shares during the period. 41.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AI has been the subject of a number of recent research reports. StockNews.com upgraded C3.ai to a “sell” rating in a research note on Friday, April 7th. Wedbush upped their price objective on shares of C3.ai from $13.00 to $24.00 in a report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of C3.ai from $11.00 to $16.00 and gave the company a “sell” rating in a research note on Friday, March 3rd. Piper Sandler reissued a “neutral” rating and issued a $23.00 price objective on shares of C3.ai in a research note on Friday, March 10th. Finally, Piper Jaffray Companies boosted their price target on shares of C3.ai from $13.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, March 3rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.00.

About C3.ai

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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.