C3.ai (AI) Expected to Announce Earnings on Wednesday

C3.ai (NYSE:AI) is anticipated to post its quarterly earnings results 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

C3.ai Stock Performance

Shares of NYSE AI opened at $26.88 on Tuesday. C3.ai has a 1 year low of $18.85 and a 1 year high of $45.08. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -12.16 and a beta of 1.98. The stock’s 50-day simple moving average is $33.80 and its 200-day simple moving average is $29.59.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their target price on C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Wednesday, December 11th. DA Davidson raised C3.ai to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp lowered C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, C3.ai currently has a consensus rating of “Hold” and an average price target of $35.00.

Insider Buying and Selling at C3.ai

In other C3.ai news, Director Richard C. Levin sold 12,000 shares of C3.ai stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $29.84, for a total value of $358,080.00. Following the completion of the transaction, the director now directly owns 161,664 shares in the company, valued at $4,824,053.76. The trade was a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jim H. Snabe sold 499,700 shares of C3.ai stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $43.05, for a total value of $21,512,085.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $430,500. The trade was a 98.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,642,974 shares of company stock worth $59,727,720 over the last ninety days. 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.