C3.ai, Inc. (NYSE:AI) Given Consensus Rating of “Hold” by Analysts

Shares of C3.ai, Inc. (NYSE:AI) have received a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.00.

AI has been the topic of several analyst reports. Morgan Stanley lifted their price objective on C3.ai from $21.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. JMP Securities lifted their price target on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. KeyCorp lowered C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research note on Thursday, December 19th. JPMorgan Chase & Co. downgraded shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research note on Wednesday, December 11th. Finally, Piper Sandler increased their price target on shares of C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

C3.ai Stock Performance

AI stock opened at $31.98 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of -14.47 and a beta of 2.00. The firm’s fifty day moving average is $35.09 and its 200 day moving average is $28.78. C3.ai has a 52 week low of $18.85 and a 52 week high of $45.08.

Insider Buying and Selling at C3.ai

In other news, Director Richard C. Levin sold 12,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $34.80, for a total transaction of $417,600.00. Following the completion of the sale, the director now owns 161,664 shares of the company’s stock, valued at $5,625,907.20. This represents a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas M. Siebel sold 409,831 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the transaction, the chief executive officer now directly owns 1,756,390 shares in the company, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,078,552 shares of company stock valued at $41,117,617. 33.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C3.ai

Hedge funds have recently made changes to their positions in the business. JTC Employer Solutions Trustee Ltd bought a new stake in shares of C3.ai in the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. increased its stake in C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after purchasing an additional 795 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in C3.ai in the 2nd quarter worth about $41,000. Quest Partners LLC increased its position in shares of C3.ai by 9,033.3% during the third quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock worth $40,000 after acquiring an additional 1,626 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new position in C3.ai during the 3rd quarter worth $48,000. Institutional investors own 38.96% of the company’s stock.

About C3.ai

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.