C3.ai Sees Unusually Large Options Volume (NYSE:AI)

C3.ai, Inc. (NYSE:AI) saw unusually large options trading activity on Friday. Stock investors bought 157,547 call options on the company. This is an increase of 115% compared to the average volume of 73,164 call options.

Insider Buying and Selling at C3.ai

In other news, CEO Stephen Bradley Ehikian sold 234,918 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $13.56, for a total transaction of $3,185,488.08. Following the completion of the transaction, the chief executive officer directly owned 924,074 shares in the company, valued at approximately $12,530,443.44. This represents a 20.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Hitesh Lath sold 15,042 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $14.38, for a total transaction of $216,303.96. Following the completion of the sale, the chief financial officer owned 223,120 shares in the company, valued at approximately $3,208,465.60. This trade represents a 6.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,916,218 shares of company stock worth $27,468,077 in the last ninety days. 26.50% of the stock is owned by insiders.

Institutional Trading of C3.ai

A number of large investors have recently made changes to their positions in the company. Silicon Valley Capital Partners acquired a new position in C3.ai during the second quarter worth approximately $25,000. Larson Financial Group LLC grew its position in shares of C3.ai by 683.6% during the third quarter. Larson Financial Group LLC now owns 1,481 shares of the company’s stock worth $26,000 after acquiring an additional 1,292 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of C3.ai by 66.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,141 shares of the company’s stock valued at $29,000 after acquiring an additional 852 shares during the period. Parallel Advisors LLC raised its position in C3.ai by 76.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,849 shares of the company’s stock valued at $32,000 after purchasing an additional 801 shares during the last quarter. Finally, Comerica Bank raised its position in C3.ai by 839.1% in the 4th quarter. Comerica Bank now owns 2,423 shares of the company’s stock valued at $33,000 after purchasing an additional 2,165 shares during the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Stock Down 10.3%

Shares of AI opened at $11.00 on Friday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -3.89 and a beta of 1.97. C3.ai has a 52-week low of $10.90 and a 52-week high of $35.98. The stock has a 50 day moving average price of $13.93 and a 200 day moving average price of $17.00.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.08. The business had revenue of $75.15 million during the quarter, compared to the consensus estimate of $74.86 million. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The company’s revenue was down 20.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, equities analysts anticipate that C3.ai will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

AI has been the topic of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and issued a $20.00 price objective on shares of C3.ai in a research note on Thursday, December 4th. Canaccord Genuity Group reiterated a “hold” rating and issued a $16.00 target price on shares of C3.ai in a report on Thursday, December 4th. DA Davidson restated an “underperform” rating and set a $13.00 price target on shares of C3.ai in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3.ai in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, C3.ai presently has a consensus rating of “Reduce” and a consensus price target of $19.00.

About C3.ai

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.