Ameliora Wealth Management Ltd. Takes Position in C3.ai, Inc. (NYSE:AI)

Ameliora Wealth Management Ltd. bought a new stake in C3.ai, Inc. (NYSE:AI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,830 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors also recently modified their holdings of the company. JTC Employer Solutions Trustee Ltd bought a new stake in shares of C3.ai in the third quarter valued at about $25,000. Brown Lisle Cummings Inc. lifted its position in C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. R Squared Ltd bought a new stake in C3.ai during the fourth quarter worth about $29,000. Northwestern Mutual Wealth Management Co. lifted its position in C3.ai by 311.8% during 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. Finally, CENTRAL TRUST Co bought a new stake in C3.ai during the fourth quarter worth about $34,000. Institutional investors own 38.96% of the company’s stock.

C3.ai Trading Down 1.5 %

NYSE AI opened at $33.68 on Friday. The company has a market cap of $4.35 billion, a P/E ratio of -15.24 and a beta of 1.98. The company has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $29.07. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AI shares. JMP Securities upped their price objective on shares of C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group increased their target price on shares of C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Northland Securities increased 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. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a report on Tuesday, December 10th. Finally, KeyCorp downgraded 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. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.00.

Insiders Place Their Bets

In related news, Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $29.84, for a total value of $358,080.00. Following the transaction, the director now directly owns 161,664 shares of the company’s stock, valued at approximately $4,824,053.76. The trade was a 6.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Merel Witteveen sold 11,132 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $34.95, for a total transaction of $389,063.40. Following the completion of the transaction, the vice president now directly owns 4,142 shares in the company, valued at $144,762.90. This trade represents a 72.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,090,552 shares of company stock valued at $41,475,697 in the last three months. 33.54% of the stock is currently owned by insiders.

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.