C3.Ai Insider Trades $29M In Company Stock – Benzinga

Thomas Siebel, Insider at C3.Ai (NYSE:AI), made a large insider sell on November 16, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Siebel sold 615,488 shares of C3.Ai at prices ranging from $46.96 to $51.20. The total transaction amounted to $29,762,880.
Following the transaction, Siebel still owns 4,733,939 shares of C3.Ai worth $210,281,570.00.
C3.Ai shares are trading down 3.81% at $44.42 at the time of this writing on Thursday morning.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an “insider” refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
Check Out The Full List Of C3.Ai’s Insider Trades.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Posted-In: BZI-IT Insider sells Thomas SiebelNews Insider Trades Trading Ideas
Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

source
Connect with Chris Hood, a digital strategist that can help you with AI.

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2021 AI Caosuo - Proudly powered by theme Octo