Richard C. Levin Sells 12,000 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $29.84, for a total transaction of $358,080.00. Following the completion of the sale, the director now directly owns 161,664 shares in the company, valued at $4,824,053.76. This represents a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

C3.ai Trading Up 1.1 %

NYSE AI opened at $34.15 on Thursday. The firm has a market capitalization of $4.41 billion, a P/E ratio of -15.45 and a beta of 1.98. The firm’s fifty day moving average price is $35.40 and its two-hundred day moving average price is $29.04. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $45.08.

Institutional Investors Weigh In On C3.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Brown Lisle Cummings Inc. grew its holdings 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 acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $29,000. CENTRAL TRUST Co acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $34,000. JTC Employer Solutions Trustee Ltd bought a new position in shares of C3.ai during the 3rd quarter worth approximately $25,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of C3.ai by 311.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after acquiring an additional 795 shares during the last quarter. 38.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Canaccord Genuity Group lifted their target price on C3.ai from $23.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. JMP Securities lifted their price objective on shares of C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Tuesday, December 10th. Finally, 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. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.00.

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.