C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath Sells 3,949 Shares

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 3,949 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.36, for a total transaction of $167,279.64. Following the transaction, the chief financial officer now directly owns 851 shares in the company, valued at approximately $36,048.36. The trade was a 82.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hitesh Lath also recently made the following trade(s):

• On Monday, December 9th, Hitesh Lath sold 11,339 shares of C3.ai stock. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00.

C3.ai Stock Performance

AI opened at $42.87 on Wednesday. The business’s 50 day moving average price is $31.14 and its 200 day moving average price is $27.90. The stock has a market capitalization of $5.45 billion, a PE ratio of -19.40 and a beta of 2.00. C3.ai, Inc. has a one year low of $18.85 and a one year high of $45.08.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Canaccord Genuity Group increased their target price on C3.ai from $23.00 to $40.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. JMP Securities raised their price objective on C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Tuesday, December 10th. StockNews.com raised shares of C3.ai to a “sell” rating in a report on Tuesday, November 26th. Wedbush decreased their price target on shares of C3.ai from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Finally, Piper Sandler upped their price objective on shares of C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.55.

Hedge Funds Weigh In On C3.ai

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of C3.ai by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock worth $20,460,000 after acquiring an additional 92,280 shares during the last quarter. PDT Partners LLC acquired a new position in C3.ai during the 3rd quarter worth about $1,624,000. Global Assets Advisory LLC acquired a new stake in shares of C3.ai during the third quarter worth about $743,000. Janney Montgomery Scott LLC acquired a new position in shares of C3.ai in the third quarter valued at approximately $785,000. Finally, Intech Investment Management LLC purchased a new stake in shares of C3.ai during the third quarter worth $859,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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.