C3.ai, Inc. (NYSE:AI) Director Shankar Sastry Sells 50,000 Shares of Stock

C3.ai, Inc. (NYSE:AI) Director Shankar Sastry sold 50,000 shares of the company’s stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of $69.41, for a total value of $3,470,500.00. Following the sale, the director now owns 72,282 shares of the company’s stock, valued at $5,017,093.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of C3.ai stock opened at $66.50 on Friday. C3.ai, Inc. has a 52 week low of $58.80 and a 52 week high of $183.90. The stock has a 50 day moving average price of $79.92 and a two-hundred day moving average price of $74.53.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Sunday, February 28th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $49.11 million during the quarter, compared to analyst estimates of $47.58 million.

Several analysts recently weighed in on the company. Piper Sandler dropped their price objective on C3.ai from $151.00 to $141.00 and set an “overweight” rating for the company in a research report on Monday, March 8th. Morgan Stanley initiated coverage on C3.ai in a research report on Monday, January 4th. They issued an “underweight” rating and a $100.00 target price for the company. Bank of America started coverage on C3.ai in a research report on Monday, January 4th. They issued a “neutral” rating and a $170.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on C3.ai in a research note on Monday, January 4th. They set a “hold” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on C3.ai in a research note on Monday, January 4th. They set an “underweight” rating and a $84.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $141.33.

A number of institutional investors have recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new stake in C3.ai in the fourth quarter valued at approximately $26,000. Valeo Financial Advisors LLC acquired a new stake in C3.ai in the fourth quarter valued at approximately $26,000. Captrust Financial Advisors acquired a new stake in C3.ai in the fourth quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC purchased a new position in shares of C3.ai during the fourth quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. purchased a new position in shares of C3.ai during the fourth quarter valued at approximately $28,000.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions.

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