In yesterday’s Wall Street session, C3.ai Inc (NYSE:AI) shares traded at $32.36, down -1.82% from the previous session.
AI stock price is now 27.01% away from the 50-day moving average and 22.77% away from the 200-day moving average. The market capitalization of the company currently stands at $4.11B.
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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, Lath Hitesh, CHIEF FINANCIAL OFFICER sold 3,005 shares of the company’s stock on Jun 27 ’24. The stock was sold for $82,818 at an average price of $27.56. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 7,390 shares in the company, valued at $0.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 26 ’23, SVP & Chief Financial Officer Parkkinen Juho sold 407 shares of the business’s stock. A total of $11,722 was realized by selling the stock at an average price of $28.80. This leaves the insider owning 295,815 shares of the company worth $9.57 million. A total of 13.50% of the company’s stock is owned by insiders.
During the past 12 months, C3.ai Inc has had a low of $18.85 and a high of $38.30. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 7.86, and a quick ratio of 7.86. The fifty day moving average price for AI is $25.2592 and a two-hundred day moving average price translates $26.3256 for the stock.
The latest earnings results from C3.ai Inc (NYSE: AI) was released for 2024-07-31. The net profit margin was -85.48% and return on equity was -30.78% for AI. The company reported revenue of $87.21 million for the quarter, compared to $72.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.52 percent.
