C3.ai, Inc. (NYSE:AI) Given Consensus Rating of “Hold” by Analysts

Shares of C3.ai, Inc. (NYSE:AI) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.00.

A number of research analysts have recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Tuesday, December 10th. Piper Sandler raised their price target on shares of C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. KeyCorp downgraded shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price target on the stock. in a report on Thursday, December 19th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lowered shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research note on Wednesday, December 11th.

Insiders Place Their Bets

In other C3.ai news, CEO Thomas M. Siebel sold 409,831 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,756,390 shares in the company, valued at $54,395,398.30. This trade represents a 18.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of C3.ai stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the sale, the chief financial officer now owns 851 shares in the company, valued at approximately $35,742. This trade represents a 93.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,642,974 shares of company stock worth $59,727,720 in the last ninety days. Insiders own 33.54% of the company’s stock.

Institutional Trading of C3.ai

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of C3.ai by 12.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock valued at $20,460,000 after acquiring an additional 92,280 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of C3.ai during the 3rd quarter valued at about $1,624,000. Janney Montgomery Scott LLC boosted its position in shares of C3.ai by 70.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company’s stock valued at $1,905,000 after acquiring an additional 22,949 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in C3.ai during the 4th quarter valued at about $2,015,000. Finally, Friedenthal Financial bought a new position in C3.ai during the 4th quarter valued at about $757,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

C3.ai Trading Up 0.9 %

C3.ai stock opened at $31.85 on Wednesday. The company has a market capitalization of $4.11 billion, a P/E ratio of -14.41 and a beta of 1.98. The firm’s fifty day simple moving average is $34.53 and its 200-day simple moving average is $29.41. C3.ai has a 1-year low of $18.85 and a 1-year high of $45.08.

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.