C3.ai’s (AI) Hold Rating Reiterated at Needham & Company LLC

C3.ai (NYSE:AI)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports.

Other analysts have also issued research reports about the stock. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of C3.ai in a research note on Thursday, September 5th. Piper Sandler Companies reissued a “neutral” rating and issued a $24.00 price objective on shares of C3.ai in a research report on Thursday, September 5th. Oppenheimer reaffirmed an “outperform” rating and set a $40.00 target price on shares of C3.ai in a research report on Thursday, September 5th. Northland Securities increased their price target on C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, StockNews.com upgraded C3.ai to a “sell” rating in a report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.55.

C3.ai Trading Down 8.6 %

Shares of C3.ai stock opened at $38.16 on Tuesday. The business’s fifty day moving average price is $29.78 and its 200 day moving average price is $27.47. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08. The stock has a market capitalization of $4.85 billion, a P/E ratio of -17.27 and a beta of 1.99.

Insider Transactions at C3.ai

In related news, CFO Hitesh Lath sold 11,339 shares of C3.ai stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $476,238.00. Following the transaction, the chief financial officer now directly owns 851 shares of the company’s stock, valued at $35,742. The trade was a 93.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Ward, Jr. sold 125,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the director now owns 546,495 shares in the company, valued at approximately $22,952,790. This trade represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 33.54% of the company’s stock.

Institutional Trading of C3.ai

A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank increased its holdings in shares of C3.ai by 305.1% in the first quarter. Comerica Bank now owns 1,203 shares of the company’s stock valued at $33,000 after buying an additional 906 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of C3.ai in the 1st quarter worth $465,000. ORG Partners LLC raised its position in shares of C3.ai by 3,969.7% during the second quarter. ORG Partners LLC now owns 4,436 shares of the company’s stock worth $127,000 after purchasing an additional 4,327 shares during the period. Blue Trust Inc. lifted its holdings in shares of C3.ai by 148.9% during the second quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock valued at $28,000 after purchasing an additional 615 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of C3.ai by 11.5% in the 2nd quarter. Raymond James & Associates now owns 201,262 shares of the company’s stock valued at $5,829,000 after purchasing an additional 20,753 shares during the period. 38.96% of the stock is currently owned by institutional investors.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.