C3.ai, Inc. (NYSE:AI) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. cut its stake in shares of C3.ai, Inc. (NYSE:AI) by 75.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,273 shares of the company’s stock after selling 30,853 shares during the period. Nomura Holdings Inc.’s holdings in C3.ai were worth $295,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AI. DekaBank Deutsche Girozentrale purchased a new stake in shares of C3.ai during the 3rd quarter valued at $25,000. B. Riley Asset Management LLC purchased a new stake in shares of C3.ai during the 3rd quarter valued at $26,000. Orion Capital Management LLC purchased a new stake in shares of C3.ai during the 3rd quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of C3.ai during the 4th quarter valued at $29,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of C3.ai by 87.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after buying an additional 632 shares during the period. 38.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AI. Northland Securities raised shares of C3.ai from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Thursday, May 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and set a $40.00 price target on shares of C3.ai in a research report on Wednesday, May 29th. Canaccord Genuity Group decreased their price target on shares of C3.ai from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, Northland Capmk raised shares of C3.ai from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Three research 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 to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.30.

C3.ai Price Performance

Shares of AI stock opened at $27.21 on Friday. C3.ai, Inc. has a 12 month low of $20.23 and a 12 month high of $44.90. The firm has a market capitalization of $3.32 billion, a P/E ratio of -11.63 and a beta of 1.85. The company’s fifty day moving average price is $25.67 and its two-hundred day moving average price is $27.15.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, May 29th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.18. The firm had revenue of $86.59 million for the quarter, compared to analyst estimates of $84.45 million. C3.ai had a negative net margin of 93.36% and a negative return on equity of 30.95%. On average, sell-side analysts anticipate that C3.ai, Inc. will post -2.35 EPS for the current year.

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.