C3.ai Target of Unusually Large Options Trading (NYSE:AI)

C3.ai, Inc. (NYSE:AI) saw some unusual options trading on Thursday. Investors purchased 222,949 call options on the company. This is an increase of 222% compared to the typical daily volume of 69,291 call options.

C3.ai Trading Up 1.3 %

Shares of AI opened at $34.05 on Friday. The stock has a 50 day moving average of $35.39 and a 200 day moving average of $28.86. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -15.41 and a beta of 2.00. C3.ai has a 12 month low of $18.85 and a 12 month high of $45.08.

Insider Activity

In other C3.ai news, CEO Thomas M. Siebel sold 409,831 shares of C3.ai stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the sale, the chief executive officer now directly owns 1,756,390 shares of the company’s stock, valued at approximately $54,395,398.30. The trade was a 18.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen M. Ward, Jr. sold 125,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $5,250,000.00. Following the transaction, the director now directly owns 546,495 shares in the company, valued at $22,952,790. This trade represents a 18.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,078,552 shares of company stock valued at $41,117,617 in the last ninety days. 33.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On C3.ai

Large investors have recently made changes to their positions in the business. DMC Group LLC bought a new stake in shares of C3.ai in the 4th quarter worth approximately $269,000. R Squared Ltd purchased a new stake in C3.ai in the fourth quarter worth $29,000. SteelPeak Wealth LLC bought a new stake in shares of C3.ai in the fourth quarter valued at $232,000. KBC Group NV raised its stake in shares of C3.ai by 35.8% in the fourth quarter. KBC Group NV now owns 4,878 shares of the company’s stock valued at $168,000 after buying an additional 1,285 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of C3.ai by 344.6% during the 4th quarter. Blue Trust Inc. now owns 1,774 shares of the company’s stock valued at $61,000 after buying an additional 1,375 shares during the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AI. Morgan Stanley upped their target price on C3.ai from $21.00 to $32.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Tuesday, December 10th. Canaccord Genuity Group lifted their price objective on shares of C3.ai from $23.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Piper Sandler upped their target price on shares of C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com raised C3.ai to a “sell” rating in a report on Tuesday, November 26th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.00.

C3.ai Company Profile

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.