C3.ai (AI) Expected to Announce Earnings on Wednesday

C3.ai (NYSE:AI) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect C3.ai to post earnings of ($0.25) per share and revenue of $98.12 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

C3.ai Price Performance

NYSE AI opened at $26.88 on Tuesday. The business has a 50 day moving average price of $33.80 and a 200 day moving average price of $29.59. The company has a market capitalization of $3.47 billion, a P/E ratio of -12.16 and a beta of 1.98. C3.ai has a 1-year low of $18.85 and a 1-year high of $45.08.

Insider Activity at C3.ai

In related news, VP Merel Witteveen sold 11,132 shares of C3.ai stock in a transaction on Monday, December 30th. The stock was sold at an average price of $34.95, for a total value of $389,063.40. Following the transaction, the vice president now owns 4,142 shares in the company, valued at approximately $144,762.90. This trade represents a 72.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard C. Levin sold 12,000 shares of C3.ai stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $29.84, for a total value of $358,080.00. Following the completion of the transaction, the director now owns 161,664 shares in the company, valued at $4,824,053.76. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,642,974 shares of company stock worth $59,727,720. 33.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AI has been the topic of a number of analyst reports. StockNews.com upgraded C3.ai to a “sell” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. cut 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. Northland Securities increased their target price on C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. KeyCorp cut C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price on the stock. in a report on Thursday, December 19th. Finally, DA Davidson upgraded C3.ai to a “hold” rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.00.

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.