EP Wealth Advisors LLC Acquires 644 Shares of C3.ai, Inc. (NYSE:AI)

EP Wealth Advisors LLC raised its holdings in C3.ai, Inc. (NYSE:AI) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,639 shares of the company’s stock after buying an additional 644 shares during the quarter. EP Wealth Advisors LLC’s holdings in C3.ai were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in C3.ai in the 3rd quarter valued at $25,000. B. Riley Asset Management LLC bought a new stake in C3.ai in the 3rd quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of C3.ai in the 3rd quarter valued at $26,000. GPS Wealth Strategies Group LLC boosted its stake in shares of C3.ai by 87.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after purchasing an additional 632 shares in the last quarter. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of C3.ai in the 4th quarter valued at $43,000. Institutional investors own 38.96% of the company’s stock.

C3.ai Trading Down 1.7 %

C3.ai stock opened at $28.71 on Thursday. C3.ai, Inc. has a 1 year low of $20.23 and a 1 year high of $46.88. The company has a market cap of $3.50 billion, a PE ratio of -12.27 and a beta of 1.85. The company’s 50-day moving average is $25.50 and its two-hundred day moving average is $27.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AI shares. Morgan Stanley boosted their target price on shares of C3.ai from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday, May 30th. Piper Sandler reduced their target price on shares of C3.ai from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Needham & Company LLC restated a “hold” rating on shares of C3.ai in a research note on Thursday, May 30th. Bank of America boosted their target price on shares of C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Finally, Wedbush restated an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a research note on Wednesday, May 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.30.

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.