Houman Behzadi Sells 30,000 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) insider Houman Behzadi sold 30,000 shares of the stock in a transaction on Friday, September 10th. The stock was sold at an average price of $50.88, for a total value of $1,526,400.00. Following the sale, the insider now directly owns 361,608 shares of the company’s stock, valued at $18,398,615.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Houman Behzadi also recently made the following trade(s):

  • On Wednesday, September 1st, Houman Behzadi sold 15,887 shares of C3.ai stock. The stock was sold at an average price of $53.56, for a total value of $850,907.72.
  • On Monday, August 16th, Houman Behzadi sold 15,887 shares of C3.ai stock. The shares were sold at an average price of $46.96, for a total value of $746,053.52.
  • On Friday, July 9th, Houman Behzadi sold 70,000 shares of C3.ai stock. The shares were sold at an average price of $58.36, for a total value of $4,085,200.00.

NYSE AI opened at $48.50 on Wednesday. The firm has a market capitalization of $5.02 billion and a P/E ratio of -53.89. C3.ai, Inc. has a 1-year low of $44.35 and a 1-year high of $183.90. The business’s 50-day simple moving average is $50.87 and its 200-day simple moving average is $61.22.

C3.ai (NYSE:AI) last released its quarterly earnings data on Tuesday, August 31st. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.09). The firm had revenue of $52.41 million during the quarter, compared to analyst estimates of $51.27 million. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. On average, equities analysts expect that C3.ai, Inc. will post -1.53 earnings per share for the current fiscal year.

A number of equities research analysts have commented on AI shares. Morgan Stanley reduced their target price on C3.ai from $62.00 to $45.00 and set an “underweight” rating for the company in a report on Thursday, September 2nd. JMP Securities dropped their price target on C3.ai from $167.00 to $96.00 and set a “market outperform” rating for the company in a research report on Thursday, September 2nd. Needham & Company LLC dropped their price target on C3.ai from $146.00 to $122.00 and set a “buy” rating for the company in a research report on Thursday, September 2nd. Wedbush dropped their price target on C3.ai from $100.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 2nd. Finally, Zacks Investment Research cut C3.ai from a “hold” rating to a “sell” rating in a research report on Monday, September 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.78.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in C3.ai by 39.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,603 shares of the company’s stock worth $100,000 after acquiring an additional 450 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in C3.ai during the 2nd quarter worth approximately $826,000. Advisor Resource Council acquired a new position in C3.ai during the 2nd quarter worth approximately $2,672,000. Wells Fargo & Company MN lifted its position in C3.ai by 42.0% during the 2nd quarter. Wells Fargo & Company MN now owns 41,035 shares of the company’s stock worth $2,566,000 after acquiring an additional 12,135 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in C3.ai by 61,600.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 617 shares of the company’s stock worth $39,000 after acquiring an additional 616 shares in the last quarter. 40.45% 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. 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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Insider Buying and Selling by Quarter for C3.ai (NYSE:AI)

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