C3.ai Target of Unusually Large Options Trading (NYSE:AI)

C3.ai, Inc. (NYSE:AIGet Free Report) was the recipient of some unusual options trading activity on Friday. Stock traders acquired 108,551 call options on the stock. This represents an increase of approximately 44% compared to the typical volume of 75,638 call options.

C3.ai Trading Up 6.1 %

Shares of C3.ai stock opened at $28.47 on Friday. The company’s 50-day moving average price is $27.56 and its two-hundred day moving average price is $28.56. C3.ai has a 52 week low of $16.79 and a 52 week high of $48.87. The stock has a market cap of $3.41 billion, a PE ratio of -12.38 and a beta of 1.57.

C3.ai (NYSE:AIGet Free Report) last issued its quarterly earnings results on Wednesday, December 6th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.05. C3.ai had a negative net margin of 95.83% and a negative return on equity of 28.19%. The firm had revenue of $73.20 million for the quarter, compared to analysts’ expectations of $74.33 million. During the same period in the previous year, the business earned ($0.63) earnings per share. C3.ai’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts predict that C3.ai will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling at C3.ai

In other C3.ai news, CFO Juho Parkkinen sold 5,513 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $30.56, for a total transaction of $168,477.28. Following the completion of the sale, the chief financial officer now owns 296,907 shares in the company, valued at $9,073,477.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other C3.ai news, CFO Juho Parkkinen sold 5,513 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $30.56, for a total transaction of $168,477.28. Following the completion of the sale, the chief financial officer now owns 296,907 shares in the company, valued at $9,073,477.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Edward Y. Abbo sold 45,548 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $30.73, for a total transaction of $1,399,690.04. Following the transaction, the chief technology officer now directly owns 727,373 shares of the company’s stock, valued at approximately $22,352,172.29. The disclosure for this sale can be found here. Insiders sold a total of 61,931 shares of company stock worth $1,876,191 over the last 90 days. Insiders own 34.00% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its holdings in C3.ai by 5.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 8,305 shares of the company’s stock worth $303,000 after buying an additional 395 shares during the period. CWM LLC raised its holdings in C3.ai by 20.0% during the 2nd quarter. CWM LLC now owns 2,636 shares of the company’s stock worth $96,000 after buying an additional 440 shares during the period. Lazard Asset Management LLC raised its holdings in C3.ai by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 986 shares of the company’s stock worth $25,000 after buying an additional 533 shares during the period. Chilton Capital Management LLC raised its holdings in C3.ai by 150.0% during the 2nd quarter. Chilton Capital Management LLC now owns 1,000 shares of the company’s stock worth $36,000 after buying an additional 600 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in C3.ai by 3.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 17,274 shares of the company’s stock worth $441,000 after buying an additional 610 shares during the period. 38.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AI shares. StockNews.com raised shares of C3.ai to a “sell” rating in a report on Tuesday, November 21st. Piper Sandler reduced their price target on shares of C3.ai from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, December 7th. DA Davidson reduced their price target on shares of C3.ai from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, December 7th. Canaccord Genuity Group reissued a “hold” rating and set a $27.00 price target on shares of C3.ai in a report on Thursday, December 7th. Finally, Oppenheimer raised shares of C3.ai from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.33.

View Our Latest Research Report on C3.ai

About C3.ai

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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.

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