CFO of C3.ai, Inc. Sells Over $168K Worth of Company Stock

Juho Parkkinen, the Chief Financial Officer (CFO) of C3.ai, Inc. (NYSE:AI), executed a significant stock sale on Monday, December 18th. The transaction involved Parkkinen selling 5,513 shares of the company at an average price of $30.56 per share, totaling $168,477.28. Post-transaction, the CFO retains 296,907 shares of C3.ai, equating to roughly $9.07 million in value.

Disclosure of Sale

The sale was made public through a filing with the Securities and Exchange Commission (SEC), which can be accessed on the SEC's website. This is not the only transaction Parkkinen has made in the month, as he also sold 685 shares at an average price of $32.16 each on December 20th.

Market Performance of C3.ai Stock

As of a recent Thursday, C3.ai's stock opened at $29.73. The company has seen fluctuations in its stock price with a 50-day simple moving average of $27.71, while its 200-day simple moving average stands at $31.64. C3.ai has a market capitalization of $3.56 billion and a current P/E ratio of -12.93. The lowest and highest recorded stock prices in the last year were $10.16 and $48.87, respectively.

The latest quarterly earnings report was released on December 6th, indicating a loss of $0.13 per share which was more favorable than the expected $0.18 per share loss. There was a 17.3% increase in revenue compared to the previous year, totaling $73.20 million for the quarter.

Analyst Perspectives

Opinions about the company's stock vary among analysts. Some have upgraded their ratings, while others have issued holds or sells. The average price target stands at $28.33. For a comprehensive overview of these analyst ratings, one can refer to financial information services.

Institutional Investment Updates

Various institutional investors and hedge funds have adjusted their holdings in C3.ai. Some increased their stakes by significant percentages while others initiated new positions or trimmed down their investments.

About C3.ai, Inc.

C3.ai, Inc. operates as a provider of enterprise AI software across several regions, including North America, Europe, and Asia-Pacific. The company offers a suite of services like the C3 AI platform for development and deployment of enterprise AI applications and C3 AI CRM for customer relationship management processes.

C3.ai, StockSale, CFO