C3.ai, Inc. (NYSE:AI) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of C3.ai, Inc. (NYSE:AI) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,878 shares of the company’s stock after purchasing an additional 1,285 shares during the quarter. KBC Group NV’s holdings in C3.ai were worth $168,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JTC Employer Solutions Trustee Ltd acquired a new position in C3.ai in the 3rd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after acquiring an additional 795 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company’s stock worth $46,000 after acquiring an additional 555 shares during the period. Quest Partners LLC raised its holdings in 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 purchasing an additional 1,626 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in C3.ai by 344.6% in the fourth quarter. Blue Trust Inc. now owns 1,774 shares of the company’s stock valued at $61,000 after purchasing an additional 1,375 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at C3.ai

In other C3.ai news, Director Jim H. Snabe sold 499,700 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $43.05, for a total value of $21,512,085.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $430,500. This represents a 98.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas M. Siebel sold 409,831 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total transaction of $12,692,466.07. Following the sale, the chief executive officer now directly owns 1,756,390 shares in the company, valued at $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. Insiders sold a total of 1,090,552 shares of company stock valued at $41,475,697 in the last ninety days. Corporate insiders own 33.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AI shares. JMP Securities boosted their target price 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. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a report on Tuesday, December 10th. DA Davidson upgraded C3.ai to a “hold” rating in a research report on Wednesday, December 18th. KeyCorp lowered shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research report on Thursday, December 19th. Finally, Northland Securities upped their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating, five have issued 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 stock has a consensus rating of “Hold” and an average target price of $35.00.

C3.ai Trading Up 1.1 %

NYSE:AI opened at $34.15 on Thursday. The company has a market capitalization of $4.41 billion, a P/E ratio of -15.45 and a beta of 1.98. The firm has a 50-day moving average price of $35.40 and a two-hundred day moving average price of $29.04. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08.

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.