C3.ai, Inc. Director Sells $191,850 in Stock

C3.ai, Inc. (NYSE:AI) recently experienced a notable transaction involving its director, John E. Hyten. On December 12th, he sold 5,000 shares of the company's stock at an average price of $38.37. This sale totaled $191,850. Following this transaction, Hyten continues to own 263,843 shares, which are valued at around $10,123,655.91. The sale signifies a 1.86% decrease in his ownership stake. This transaction was officially reported in a legal filing with the SEC, and detailed information can be accessed through the SEC's website.

C3.ai Stock Performance

In recent trading, C3.ai's stock showed impressive growth, rising by 8.9% to reach $42.96 during midday trading on a Monday. The stock's trading volume was 12,240,936 shares, which is significantly higher than its average volume of 5,971,592 shares. Over the past year, C3.ai has seen a low of $18.85 and a high of $45.08. Currently, the company's stock has a 50-day moving average of $30.39 and a 200-day moving average of $27.70. C3.ai has a market capitalization of $5.46 billion and presents a price-to-earnings ratio of -19.38, with a beta of 2.00.

Institutional Investing Trends

Recent trends among institutional investors and hedge funds reflect various changes in stake holdings of C3.ai's stock. For instance, Geode Capital Management LLC increased its holdings by 8.8% during the third quarter, now owning 2,216,925 shares valued at $53,728,000 after purchasing an additional 178,870 shares. Similarly, State Street Corp raised its stake by 1.8%, bringing its total to 2,121,391 shares worth $51,401,000 after acquiring 38,185 extra shares in the last quarter. Other investors, such as Janus Henderson Group PLC and Holocene Advisors LP, have also adjusted their positions in the company. Presently, institutional investors control 38.96% of C3.ai's shares.

Analyst Opinions on C3.ai

Analysts have recently expressed varied opinions on C3.ai's stock. Piper Sandler Companies maintained a "neutral" rating with a target price of $24.00. In contrast, JMP Securities raised their target price significantly from $40.00 to $55.00, indicating a "market outperform" rating. Conversely, Wedbush has reduced their target from $40.00 to $30.00 but still rates the stock as "outperform." Morgan Stanley’s updated target price of $32.00 was paired with an "underweight" rating. Overall, there are mixed reviews, with four analysts rating the stock as a sell, five as hold, four as buy, and one as strong buy. The average rating sits at "Hold" with a price target estimated at $35.55, according to MarketBeat.com.

About C3.ai

C3.ai, Inc. is an enterprise software company specializing in artificial intelligence. The firm operates globally, providing a core platform for developing and deploying enterprise applications centered around AI. This includes solutions for data analysis, customer relationship management, and a suite for generative AI capabilities that help clients efficiently access and utilize information.

C3.ai, Stocks, Transaction