C3.ai (AI) Projected to Post Earnings on Wednesday

C3.ai (NYSE:AI) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect C3.ai to post earnings of ($0.25) per share and revenue of $98.12 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

C3.ai Trading Down 4.7 %

AI stock opened at $28.50 on Monday. C3.ai has a 12 month low of $18.85 and a 12 month high of $45.08. The company has a 50-day moving average price of $33.80 and a 200 day moving average price of $29.54. The stock has a market cap of $3.68 billion, a PE ratio of -12.89 and a beta of 1.98.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AI. JPMorgan Chase & Co. cut shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price target for the company. in a research note on Wednesday, December 11th. Northland Securities lifted their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JMP Securities boosted their price objective on shares of C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. KeyCorp cut shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research report on Thursday, December 19th. Finally, Canaccord Genuity Group boosted their price objective on shares of C3.ai from $23.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.00.

Insider Transactions at C3.ai

In related news, CFO Hitesh Lath sold 11,339 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the completion of the transaction, the chief financial officer now owns 851 shares in the company, valued at $35,742. The trade was a 93.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John E. Hyten sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $38.37, for a total transaction of $191,850.00. Following the transaction, the director now owns 263,843 shares of the company’s stock, valued at approximately $10,123,655.91. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,642,974 shares of company stock valued at $59,727,720. Company insiders own 33.54% of the company’s stock.

About C3.ai

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.