C3.ai executive chairman Siebel sells $298k in shares
C3.ai's Executive Chairman, Thomas M. Siebel, sold 27,605 shares of Class A Common Stock for approximately $298,410, while the company's stock trades near its 52-week low. Despite the stock performance, C3.ai has secured multiple significant government contracts and is reportedly in merger discussions with Automation Anywhere, though BofA Securities has lowered its price target due to competitive concerns. The company maintains strong liquidity but remains unprofitable, with its next earnings report scheduled for March 4.
https://m.investing.com/news/insider-trading-news/c3ai-executive-chairman-siebel-sells-298k-in-shares-93CH-4483545?ampMode=1