Checking in on C3.ai Inc. (AI) after recent insiders movement

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C3.ai Inc.’s recent filing unveils that its SVP & Chief Financial Officer Parkkinen Juho unloaded Company’s shares for reported $5945.0 on Dec 27. In the deal valued at $10.65 per share,558 shares were sold. As a result of this transaction, Parkkinen Juho now holds 351,571 shares worth roughly $ 5.1 million.

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Then, Parkkinen Juho sold 928 shares, generating $10,984 in total proceeds. Upon selling the shares at $11.84, the SVP & Chief Financial Officer now owns 352,129 shares.

Before that, Parkkinen Juho sold 4,436 shares. C3.ai Inc. shares valued at $58,783 were divested by the SVP & Chief Financial Officer at a price of $13.25 per share. As a result of the transaction, Parkkinen Juho now holds 353,057 shares, worth roughly $5.13 million.

PT values the company’s stock at a premium of -3.71 to its Tuesday closing price. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. Wolfe Research began covering AI with “Peer perform” recommendation on August 17, 2022. Piper Sandler revised its rating on June 02, 2022. It rated AI as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of AI

On Tuesday, C3.ai Inc. [NYSE:AI] saw its stock fall -0.14% to $14.52. On the same session, the stock had its day’s lowest price of $14.19, but rose to a high of $15.42. Over the last five days, the stock has gained 8.93%. C3.ai Inc. shares have risen nearly 29.76% since the year began. Nevertheless, the stocks have fallen -42.95% over the past one year. While a 52-week high of $27.62 was reached on 01/24/23, a 52-week low of $10.16 was recorded on 01/06/23. SMA at 50 days reached $12.46, while 200 days put it at $15.85. A total of 2.48 million shares were traded, compared to the trading of 2.32 million shares in the previous session.

Levels Of Support And Resistance For AI Stock

The 24-hour chart illustrates a support level at 14.00, which if violated will result in even more drops to 13.48. On the upside, there is a resistance level at 15.23. A further resistance level may holdings at 15.94. The Relative Strength Index (RSI) on the 14-day chart is 70.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.20%. Stochastics %K at 88.17% indicates the stock is a selling.

How much short interest is there in C3.ai Inc.?

A steep rise in short interest was recorded in C3.ai Inc. stocks on Oct 13, 2022, growing by 0.25 million shares to a total of 12.23 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 11.98 million shares. There was a rise of 2.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.15.

C3.ai Inc. [AI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,910,856 shares, or roughly 8.35% of the outstanding AI shares. In other words, the investor’s shares have risen by 2,036,971 from its previous 13-F filing of 6873885.0. Additionally, BlackRock Fund Advisors increased 3.44% of its stake after which the total value it holdings stand at $54,371,572, while Renaissance Technologies LLC added 8.86% of its stake to hold $33.16 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 94,689 shares of C3.ai Inc., while Geode Capital Management LLC bought 123,328 shares. At present, Tudor Investment Corp. is holding 856,181 shares valued at $9.58 million. Global X Management Co. LLC owned 755,136 shares of the company at the time of its most recent 13F filing, worth $8.45 million.

According to FactSet, C3.ai Inc.’s share price will average $13.63 in the next year, based on opinions of analysts polled by the firm. This is down nearly -10.59 percent from its previous closing price of $14.54. Analysts expect C3.ai Inc. stock to reach the higher price of $19.00, while the lowest price estimate is $11.00. However, 11 analysts have rated AI stock as a Hold in their predictions for 2023.

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