Tag

Kerrisdale Capital

All articles tagged with #kerrisdale capital

finance2 years ago•1 min saved

C3.ai stock experiences volatility amidst short seller allegations and CEO response.

C3.ai's stock rose 11% after responding to short seller Kerrisdale Capital's claims about the company's accounting. The company denied Kerrisdale's allegations about unbilled receivables and gross margin, stating that the short seller's claim that their gross margin from the Baker Hughes arrangement is 99%+ is not true. C3.ai's shares had plummeted 38% over the previous two days following the release of Kerrisdale's report. However, the stock skyrocketed 22% on Friday as investors poured into the artificial intelligence stock on the last day of the first quarter of the year.

via Seeking Alpha|

#artificial-intelligence #c3ai #finance

finance2 years ago•1 min saved

C3.ai Stock Continues to Plummet Amid Accounting Allegations and Short Seller Criticism.

C3.ai's stock fell for the second day in a row as investors reacted to allegations of accounting fraud made by Kerrisdale Capital. The lack of a public response from C3.ai may have further shaken investors. Even before the allegations, there were reasons to avoid the stock, including declining revenue and wide losses. The stock now trades at a price-to-sales ratio of around 10, which looks stretched even after the recent decline.

via The Motley Fool|

#accounting-fraud #c3ai #finance

finance2 years ago•1 min saved

C3.ai stock plummets on short-seller allegations.

C3.ai shares are expected to continue falling after short-seller Kerrisdale Capital alleged "accounting issues" at the AI software developer, causing shares to drop over 26%. C3.ai denied the allegations, stating that the accounting disclosures and financial statements have been reviewed by an independent audit firm and are complete and correct. Other AI-related stocks, including SoundHound AI, Guardforce AI, and BigBear.ai, were also trading lower. C3.ai's short interest is 27.5%.

via Seeking Alpha|

#accounting-issues #c3ai #finance

finance2 years ago•0 min saved

Short seller's allegations cause C3.ai stock to plummet.

C3.ai's stock price dropped after short seller Kerrisdale Capital alleged accounting issues. Kerrisdale Capital accused the AI software company of inflating its revenue and misleading investors. C3.ai denied the allegations and stated that it stands by its financial statements.

via Barron's|

#accounting-issues #c3ai #finance

finance2 years ago•2 min saved

C3.ai Stock Drops 26% Amid Accounting Allegations by Short-Seller

C3.ai, an enterprise software developer, saw its shares fall by 26% after short-seller Kerrisdale Capital alleged "serious accounting and disclosure issues" at the company. Kerrisdale accused C3.ai of using "highly aggressive accounting" to inflate its income statement metrics and conceal deterioration in its underlying operations. The company accounts for costs related to bespoke software production as research and development rather than cost-of-revenue to boost margins, according to Kerrisdale. C3.ai called the letter a "highly creative and transparent attempt" to diminish the stock price and said the accounting disclosures and financial statements referenced in the letter have been reviewed by its independent audit firm.

via Yahoo Finance|

#accounting-issues #c3ai #finance