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

C3.ai, Inc. (NYSE:AI) experienced a notable stock transaction on December 12, when Director John E. Hyten sold 5,000 shares at an average price of $38.37. The total proceeds from this sale amounted to $191,850. Following this transaction, Hyten's remaining holdings in C3.ai include 263,843 shares, which are currently valued at approximately $10,123,655.91. This sale reflects a 1.86% decrease in his ownership stake. Details of the transaction were filed with the SEC and can be accessed publicly.

C3.ai Stock Performance

As of midday trading on Monday, C3.ai saw an uptick of 8.9%, climbing $3.50 to a price of $42.96. Trading volume reached 12,240,936 shares, significantly higher than its average of 5,971,592 shares. The stock has had a 52-week range with a low of $18.85 and a high of $45.08. The moving averages stand at $30.39 for the last 50 days and $27.70 for the last 200 days. The company's market capitalization is approximately $5.46 billion, with a price-to-earnings (P/E) ratio of -19.38, and a beta of 2.00.

Institutional Investor Activity

Recent reports show that various institutional investors and hedge funds are adjusting their positions in C3.ai. Geode Capital Management LLC increased its stake by 8.8% during the third quarter, now owning 2,216,925 shares valued at around $53,728,000. Meanwhile, Hodges Capital Management purchased a new stake worth approximately $1,955,000 in the same quarter. Other firms like State Street Corp and Janus Henderson Group PLC also boosted their holdings, reflecting a growing institutional interest in the stock. Overall, institutional investors account for about 38.96% of C3.ai's shares.

Analyst Ratings Overview

The stock has been analyzed extensively, with various recommendations surfacing recently. Piper Sandler Companies maintained a "neutral" rating but set a target price of $24.00. JMP Securities raised their price target from $40.00 to $55.00, rating the stock as a "market outperform." In contrast, some firms lowered their target prices, with Wedbush setting theirs at $30.00 and Morgan Stanley adjusting from $21.00 to $32.00, rating it as "underweight." Currently, four analysts rated it as a sell, five as hold, four as buy, and one as a strong buy, culminating in an average rating of "hold" with a target price around $35.55.

C3.ai's Business Profile

C3.ai, Inc. operates as a significant player in the enterprise artificial intelligence (AI) software sector, serving regions including North America, Europe, and Asia. The company provides the C3 AI platform that supports the development and deployment of AI applications and offers industry-specific solutions like C3 AI CRM.

Final Thoughts

The investment landscape for C3.ai continues to evolve, with director trades, institutional movements, and analyst opinions shaping its trajectory. Interested investors should stay updated on ongoing developments concerning the company's market position and stock performance.

C3.ai, Stock, Transaction