Thomas M. Siebel Sells 552,422 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) CEO Thomas M. Siebel sold 552,422 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $33.04, for a total value of $18,252,022.88. Following the sale, the chief executive officer now owns 1,336,968 shares in the company, valued at approximately $44,173,422.72. This represents a 29.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

C3.ai Stock Down 4.0 %

Shares of C3.ai stock opened at $31.60 on Friday. The company has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $29.30. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -14.30 and a beta of 1.98.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson raised shares of C3.ai to a “hold” rating in a research report on Wednesday, December 18th. Northland Securities raised their target price on shares of C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a report on Wednesday, December 11th. Finally, StockNews.com raised C3.ai to a “sell” rating in a report on Tuesday, November 26th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, C3.ai presently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Investors Weigh In On C3.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in shares of C3.ai in the 2nd quarter valued at approximately $249,000. Truist Financial Corp increased its stake in C3.ai by 5.1% in the second quarter. Truist Financial Corp now owns 21,211 shares of the company’s stock valued at $614,000 after acquiring an additional 1,023 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in C3.ai during the second quarter valued at approximately $373,000. Creative Planning lifted its stake in C3.ai by 7.0% during the third quarter. Creative Planning now owns 56,573 shares of the company’s stock worth $1,371,000 after purchasing an additional 3,712 shares during the last quarter. Finally, Probity Advisors Inc. boosted its holdings in shares of C3.ai by 9.5% in the 3rd quarter. Probity Advisors Inc. now owns 15,192 shares of the company’s stock valued at $368,000 after purchasing an additional 1,312 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

About C3.ai

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.