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C3.ai (NYSE:AI – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, December 7th. Analysts expect C3.ai to post earnings of ($0.16) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

C3.ai (NYSE:AI – Get Rating) last released its quarterly earnings results on Wednesday, August 31st. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.11). C3.ai had a negative return on equity of 19.23% and a negative net margin of 85.25%. The firm had revenue of $65.31 million during the quarter, compared to analysts’ expectations of $66.02 million. During the same period in the prior year, the firm posted ($0.23) earnings per share. C3.ai’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts expect C3.ai to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

C3.ai Trading Down 1.1 %

NYSE AI opened at $12.25 on Wednesday. The firm’s fifty day simple moving average is $12.77 and its two-hundred day simple moving average is $16.43. C3.ai has a 12-month low of $11.29 and a 12-month high of $39.36. The firm has a market capitalization of $1.33 billion, a P/E ratio of -5.70 and a beta of 0.82.

Insider Activity

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In related news, CFO Juho Parkkinen sold 2,378 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $14.42, for a total transaction of $34,290.76. Following the completion of the transaction, the chief financial officer now directly owns 361,548 shares in the company, valued at $5,213,522.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Shankar Sastry sold 79,142 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $13.19, for a total transaction of $1,043,882.98. Following the completion of the transaction, the director now directly owns 24,640 shares in the company, valued at $325,001.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Juho Parkkinen sold 2,378 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $14.42, for a total transaction of $34,290.76. Following the transaction, the chief financial officer now owns 361,548 shares of the company’s stock, valued at $5,213,522.16. The disclosure for this sale can be found here. Insiders have sold 99,938 shares of company stock valued at $1,317,639 over the last ninety days. 38.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ancora Advisors LLC raised its position in shares of C3.ai by 218.8% in the first quarter. Ancora Advisors LLC now owns 1,100 shares of the company’s stock worth $73,000 after acquiring an additional 755 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of C3.ai in the second quarter worth about $25,000. Canada Pension Plan Investment Board raised its position in shares of C3.ai by 755.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,472 shares of the company’s stock worth $34,000 after acquiring an additional 1,300 shares during the period. MetLife Investment Management LLC acquired a new position in shares of C3.ai in the first quarter worth about $44,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of C3.ai by 45.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,825 shares of the company’s stock worth $161,000 after acquiring an additional 2,745 shares during the period. Institutional investors and hedge funds own 44.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group cut their price target on shares of C3.ai from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, September 1st. Canaccord Genuity Group assumed coverage on shares of C3.ai in a report on Tuesday, October 11th. They issued a “hold” rating and a $14.00 price target on the stock. Needham & Company LLC lowered shares of C3.ai from a “buy” rating to a “hold” rating in a report on Friday, September 2nd. Wolfe Research assumed coverage on shares of C3.ai in a report on Tuesday, August 16th. They issued a “market perform” rating on the stock. Finally, JMP Securities cut their price target on shares of C3.ai from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, September 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.20.

About C3.ai

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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.

C3.ai (AI) Scheduled to Post Quarterly Earnings on Wednesday - ETF Daily News

Article Text:

C3.ai Trading Down 1.1 %

Insider Activity

Institutional Inflows and Outflows

Analyst Ratings Changes

About C3.ai

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