C3.ai Inc. [AI] stock for 6,090 USD was sold by Parkkinen Juho

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. C3.ai Inc. shares valued at $6,090 were sold by Parkkinen Juho on Sep 20. At $13.81 per share, Parkkinen Juho sold 441 shares. The insider’s holdings dropped to 361,107 shares worth approximately $4.82 million following the completion of this transaction.

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Also, Parkkinen Juho sold 2,378 shares, netting a total of over 34,291 in proceeds. Following the sale of shares at $14.42 each, the insider now holds 361,548 shares.

Before that, Parkkinen Juho had sold 2,120 shares from its account. In a trade valued at $38,563, the SVP & Chief Financial Officer traded C3.ai Inc. shares for $18.19 each. Upon closing the transaction, the insider’s holdings decreased to 2,120 shares, worth approximately $4.86 million.

As published in a research note from Needham on September 02, 2022, C3.ai Inc. [AI] has been rated down from a Buy to a Hold. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid August. As of June 02, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for AI. Earlier on May 03, 2022, Wedbush downgraded its rating. Their new recommendation was “a Neutral” for AI stock which previously was a “an Outperform”.

Analyzing AI’s Price Performance

On Wednesday, C3.ai Inc. [NYSE: AI] plunged -0.67% to $13.35. The stock’s lowest price that day was $13.26, but it reached a high of $13.93 in the same session. During the last five days, there has been a drop of approximately -10.70%. Over the course of the year, C3.ai Inc. shares have dropped approximately -57.28%. Shares of the company reached a 52-week high of $32.36 on 01/03/22 and a 52-week low of $13.26 on 09/21/22. A 50-day SMA is recorded $18.45, while a 200-day SMA reached $21.55. Nevertheless, trading volume fell to 1.81 million shares from 2.55 million shares the previous day.

Support And Resistance Levels for C3.ai Inc. (AI)

According to the 24-hour chart, there is a support level at 13.10, which, if violated, would cause prices to drop to 12.84. In the upper region, resistance lies at 13.77. The next price resistance is at 14.18. RSI (Relative Strength Index) is 27.05 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 96.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is C3.ai Inc. subject to short interest?

Stocks of C3.ai Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.87 million shares to 13.14 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.01 million shares. A decline of -14.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.99 of the overall float, the days-to-cover ratio (short ratio) decline to 4.99.

Which companies own the most shares of C3.ai Inc. (AI)?

According to The Vanguard Group, Inc. filings, the company currently owns 6,873,885 shares, which is about 6.63% of the total AI shares outstanding. The investor’s shares have plunged by -1,029,079 from its previous 13-F filing of 7902964.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $84,548,322. Renaissance Technologies LLC acquire a 12.86% interest valued at $49.0 million while Fidelity Management & Research Co purchased a 1,609,342 stake. A total of 461,204 shares of C3.ai Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 349,860 were bought by Geode Capital Management LLC. In its current portfolio, Global X Management Co. LLC holds 1,216,215 shares valued at $21.89 million.

In terms of C3.ai Inc. share price expectations, FactSet research, analysts set an average price target of $15.63 in the next 12 months, up nearly 7.89% from the previous closing price of $13.44. Analysts anticipate C3.ai Inc. stock to reach $25.00 by 2022, with the lowest price target being $13.00. In spite of this, 11 analysts ranked C3.ai Inc. stock as a Hold at the end of 2022. On March 04, 2022, Deutsche Bank assigned a price target of “a Sell” to the stock and downgraded coverage with a $18.


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