C3.ai, Inc. (NYSE:AI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of C3.ai, Inc. (NYSE:AI) have been given a consensus rating of “Hold” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.00.

Several analysts have recently weighed in on AI shares. JPMorgan Chase & Co. downgraded shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Wednesday, December 11th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Northland Securities upped their price target on shares of C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, DA Davidson upgraded shares of C3.ai to a “hold” rating in a research report on Wednesday, December 18th.

Insider Buying and Selling at C3.ai

In other news, CFO Hitesh Lath sold 11,339 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the transaction, the chief financial officer now directly owns 851 shares of the company’s stock, valued at $35,742. This represents a 93.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas M. Siebel sold 409,831 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,756,390 shares in the company, valued at approximately $54,395,398.30. This trade represents a 18.92 % 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 valued at $41,117,617. 33.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On C3.ai

A number of institutional investors and hedge funds have recently made changes to their positions in AI. Geode Capital Management LLC boosted its position in shares of C3.ai by 8.8% in 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 in the last quarter. State Street Corp boosted its position in shares of C3.ai by 1.8% in the 3rd quarter. State Street Corp now owns 2,121,391 shares of the company’s stock worth $51,401,000 after buying an additional 38,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 92,280 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of C3.ai in the 2nd quarter worth about $3,465,000. Finally, Hsbc Holdings PLC boosted its position in shares of C3.ai by 679.8% in the 2nd quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock worth $2,500,000 after buying an additional 75,923 shares in the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Trading Up 2.4 %

Shares of NYSE:AI opened at $33.60 on Friday. The company has a market capitalization of $4.34 billion, a PE ratio of -15.20 and a beta of 2.00. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08. The firm has a 50 day simple moving average of $35.27 and a 200-day simple moving average of $28.83.

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.