C3.ai Inc (NYSE:AI) shares traded 0.23% higher at $30.00 on Wall Street last session.
AI stock price is now 21.39% away from the 50-day moving average and 10.80% away from the 200-day moving average. The market capitalization of the company currently stands at $3.66B.
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With the price target maintained at $35, Northland Capital recently Upgraded its rating from Market Perform to Outperform for C3.ai Inc (NYSE: AI). On November 21, 2023, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $40, while ‘Northland Capital’ rates the stock as ‘Market 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 $8.87 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 $8.89 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 $20.23 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 8.84, and a quick ratio of 8.48. The fifty day moving average price for AI is $24.7694 and a two-hundred day moving average price translates $27.0702 for the stock.
The latest earnings results from C3.ai Inc (NYSE: AI) was released for 2024-04-30. The net profit margin was -90.06% and return on equity was -31.03% 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.
