C3.ai (NYSE:AI) Price Target Raised to $45.00

C3.ai (NYSE:AI) had its price objective increased by Northland Securities from $35.00 to $45.00 in a research report report published on Tuesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other research analysts have also issued reports on AI. Bank of America cut their target price on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Piper Sandler reduced their price objective on C3.ai from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Thursday, September 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a research note on Thursday, September 5th. Finally, StockNews.com raised shares of C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, C3.ai currently has an average rating of “Hold” and a consensus target price of $35.55.

C3.ai Price Performance

AI stock opened at $38.24 on Tuesday. The firm has a 50 day simple moving average of $30.08 and a two-hundred day simple moving average of $27.54. The stock has a market cap of $4.86 billion, a PE ratio of -17.30 and a beta of 1.99. C3.ai has a one year low of $18.85 and a one year high of $45.08.

Insider Activity

In other news, Director Stephen M. Ward, Jr. sold 125,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $42.00, for a total value of $5,250,000.00. Following the completion of the sale, the director now directly owns 546,495 shares of the company’s stock, valued at approximately $22,952,790. This trade represents a 18.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the transaction, the chief financial officer now owns 851 shares in the company, valued at $35,742. This represents a 93.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 33.54% of the company’s stock.

Institutional Trading of C3.ai

Several large investors have recently bought and sold shares of AI. JTC Employer Solutions Trustee Ltd bought a new position in shares of C3.ai in the 3rd quarter worth approximately $25,000. Blue Trust Inc. grew its stake in C3.ai by 148.9% in the second quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock worth $28,000 after purchasing an additional 615 shares during the period. Unique Wealth Strategies LLC purchased a new stake in C3.ai in the second quarter worth $28,000. Hobbs Group Advisors LLC bought a new position in C3.ai in the second quarter worth $29,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in C3.ai by 311.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after buying an additional 795 shares during the period. 38.96% of the stock is 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.