Wealth Enhancement Advisory Services LLC Buys 3,161 Shares of C3.ai, Inc. (NYSE:AI)

Wealth Enhancement Advisory Services LLC increased its stake in shares of C3.ai, Inc. (NYSE:AI) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,400 shares of the company’s stock after purchasing an additional 3,161 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in C3.ai were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AI. Geode Capital Management LLC grew its position in shares of C3.ai by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after buying an additional 178,870 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in C3.ai during the 2nd quarter worth approximately $3,465,000. Charles Schwab Investment Management Inc. grew its holdings in C3.ai by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock valued at $20,460,000 after purchasing an additional 92,280 shares during the period. Hodges Capital Management Inc. bought a new stake in C3.ai in the third quarter valued at approximately $1,955,000. Finally, Hsbc Holdings PLC raised its holdings in C3.ai by 679.8% in the second quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock worth $2,500,000 after purchasing an additional 75,923 shares during the period. Institutional investors own 38.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price target for the company. in a report on Wednesday, December 11th. DA Davidson raised C3.ai to a “hold” rating in a research note on Wednesday, December 18th. JMP Securities raised their price target on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report 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 report on Thursday, December 19th. Finally, Northland Securities raised their target price on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, C3.ai presently has a consensus rating of “Hold” and an average target price of $35.00.

Insider Buying and Selling at C3.ai

In other news, Director Stephen M. Ward, Jr. sold 125,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 546,495 shares of the company’s stock, valued at approximately $22,952,790. This represents a 18.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of the business’s stock in a transaction on 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 owns 851 shares in the company, valued at approximately $35,742. The trade was a 93.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,078,552 shares of company stock worth $41,117,617. Insiders own 33.54% of the company’s stock.

C3.ai Stock Up 1.8 %

NYSE AI opened at $32.32 on Friday. The firm’s 50 day moving average is $35.00 and its 200-day moving average is $28.76. The company has a market capitalization of $4.17 billion, a PE ratio of -14.62 and a beta of 2.00. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08.

C3.ai 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.