9,166 Shares in C3.ai, Inc. (NYSE:AI) Acquired by McGuire Investment Group LLC

McGuire Investment Group LLC bought a new stake in shares of C3.ai, Inc. (NYSE:AI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,166 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds have also made changes to their positions in the company. JTC Employer Solutions Trustee Ltd purchased a new position in C3.ai during the third quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of C3.ai by 311.8% in the 2nd 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 during the period. Quest Partners LLC raised its position in shares of C3.ai by 9,033.3% in the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock worth $40,000 after acquiring an additional 1,626 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of C3.ai during the 2nd quarter worth $41,000. Finally, Arcadia Investment Management Corp MI bought a new stake in C3.ai during the third quarter valued at about $48,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Piper Sandler upped their price target on C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group upped 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. StockNews.com raised C3.ai to a “sell” rating in a report on Tuesday, November 26th. JMP Securities upped 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 lifted their target price 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 analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, C3.ai presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Activity

In related news, CEO Thomas M. Siebel sold 409,831 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the sale, the chief executive officer now owns 1,756,390 shares of the company’s stock, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen M. Ward, Jr. sold 125,000 shares of C3.ai stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $5,250,000.00. Following the transaction, the director now directly owns 546,495 shares in the company, valued at $22,952,790. This trade represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,078,552 shares of company stock worth $41,117,617 over the last three months. Insiders own 33.54% of the company’s stock.

C3.ai Trading Down 3.6 %

AI stock opened at $32.82 on Friday. The business’s 50-day moving average is $35.68 and its 200 day moving average is $28.92. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -14.85 and a beta of 2.00.

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.