C3.ai Inc (NYSE:AI) shares traded 1.30% higher at $26.59 on Wall Street last session.
AI stock price is now 3.93% away from the 50-day moving average and -4.18% away from the 200-day moving average. The market capitalization of the company currently stands at $3.25B.
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With the price target maintained at $40, Oppenheimer recently Upgraded its rating from Perform to Outperform for C3.ai Inc (NYSE: AI). On July 25, 2023, Northland Capital recently initiated its ‘Market Perform’ rating on the stock quoting a target price of $40, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Parkkinen Juho, SVP & Chief Financial Officer sold 407 shares of the company’s stock on Dec 26 ’23. The stock was sold for $11,722 at an average price of $28.80. Upon completion of the transaction, the SVP & Chief Financial Officer now directly owns 295,815 shares in the company, valued at $7.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’23, SVP & Chief Financial Officer Parkkinen Juho sold 685 shares of the business’s stock. A total of $22,030 was realized by selling the stock at an average price of $32.16. This leaves the insider owning 296,222 shares of the company worth $7.88 million. A total of 13.58% of the company’s stock is owned by insiders.
During the past 12 months, C3.ai Inc has had a low of $20.20 and a high of $48.87. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 8.48, and a quick ratio of 8.48.
The net profit margin was -91.67% and return on equity was -29.45% for AI. The company reported revenue of $78.4 million for the quarter, compared to $66.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.6 percent.
