Aspect Partners LLC Sells 15,374 Shares of C3.ai, Inc. (NYSE:AI)

Aspect Partners LLC trimmed its holdings in shares of C3.ai, Inc. (NYSE:AI) by 70.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,563 shares of the company’s stock after selling 15,374 shares during the period. Aspect Partners LLC’s holdings in C3.ai were worth $226,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AI. Brown Lisle Cummings Inc. grew its holdings in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. raised its position in C3.ai by 3.4% in the third quarter. Victory Capital Management Inc. now owns 14,078 shares of the company’s stock worth $341,000 after purchasing an additional 457 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company’s stock worth $46,000 after purchasing an additional 555 shares during the period. Versor Investments LP boosted its holdings in C3.ai by 6.4% during the third quarter. Versor Investments LP now owns 12,800 shares of the company’s stock valued at $310,000 after purchasing an additional 770 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of C3.ai in the 4th quarter valued at approximately $29,000. 38.96% of the stock is currently owned by institutional investors.

Insider Transactions at C3.ai

In other C3.ai news, CEO Thomas M. Siebel sold 552,422 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $33.04, for a total value of $18,252,022.88. Following the completion of the sale, the chief executive officer now owns 1,336,968 shares of the company’s stock, valued at approximately $44,173,422.72. This represents a 29.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jim H. Snabe sold 499,700 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total value of $21,512,085.00. Following the sale, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $430,500. The trade was a 98.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,642,974 shares of company stock worth $59,727,720 over the last 90 days. 33.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on AI shares. Morgan Stanley boosted their price target on C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. JMP Securities boosted their target price on shares of C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Tuesday, December 10th. Piper Sandler increased their target price on shares of C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. Finally, KeyCorp lowered shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective for the company. in a report on Thursday, December 19th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.00.

C3.ai Stock Performance

NYSE:AI opened at $30.77 on Thursday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -13.92 and a beta of 1.98. The stock’s fifty day moving average price is $34.19 and its two-hundred day moving average price is $29.47. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08.

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.