C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel Sells 409,831 Shares of Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel sold 409,831 shares of C3.ai stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total transaction of $12,692,466.07. Following the transaction, the chief executive officer now directly owns 1,756,390 shares in the company, valued at $54,395,398.30. This represents a 18.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

C3.ai Trading Up 1.8 %

Shares of AI opened at $32.32 on Friday. The company’s fifty day simple moving average is $35.00 and its 200-day simple moving average is $28.76. The company has a market cap of $4.17 billion, a P/E ratio of -14.62 and a beta of 2.00. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AI shares. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Tuesday, December 10th. StockNews.com upgraded C3.ai to a “sell” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their price objective on C3.ai from $21.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. DA Davidson raised C3.ai to a “hold” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler upped their price target on C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, C3.ai has an average rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of C3.ai

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of C3.ai by 2.1% in the second quarter. American Century Companies Inc. now owns 21,447 shares of the company’s stock worth $621,000 after buying an additional 432 shares during the period. Oppenheimer & Co. Inc. increased its stake in C3.ai by 3.8% in the second quarter. Oppenheimer & Co. Inc. now owns 59,913 shares of the company’s stock worth $1,735,000 after purchasing an additional 2,177 shares during the period. Moors & Cabot Inc. increased its stake in C3.ai by 51.8% in the second quarter. Moors & Cabot Inc. now owns 18,913 shares of the company’s stock worth $548,000 after purchasing an additional 6,450 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of C3.ai during the second quarter worth $223,000. Finally, Hsbc Holdings PLC boosted its stake in shares of C3.ai by 679.8% during the second quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock valued at $2,500,000 after purchasing an additional 75,923 shares during the period. Institutional investors own 38.96% of the company’s stock.

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.