C3.ai, Inc. (NYSE:AI) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in C3.ai, Inc. (NYSE:AI) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,078 shares of the company’s stock after acquiring an additional 457 shares during the period. Victory Capital Management Inc.’s holdings in C3.ai were worth $341,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AI. JTC Employer Solutions Trustee Ltd purchased a new position in shares of C3.ai in the third quarter worth approximately $25,000. Unique Wealth Strategies LLC purchased a new position in shares of C3.ai in the second quarter worth approximately $28,000. Blue Trust Inc. increased its position in shares of C3.ai by 148.9% in the second quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock worth $28,000 after acquiring an additional 615 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of C3.ai in the second quarter worth approximately $29,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of C3.ai by 311.8% in the second 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 in the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

C3.ai Stock Up 2.2 %

NYSE AI opened at $37.18 on Friday. The stock has a market capitalization of $4.72 billion, a PE ratio of -16.31 and a beta of 1.80. The company has a 50 day moving average price of $27.35 and a two-hundred day moving average price of $26.73. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $39.88.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. C3.ai had a negative net margin of 85.47% and a negative return on equity of 31.28%. The business had revenue of $87.21 million during the quarter, compared to analysts’ expectations of $86.94 million. During the same period in the previous year, the company earned ($0.56) earnings per share. C3.ai’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities analysts anticipate that C3.ai, Inc. will post -2.31 EPS for the current year.

Analyst Ratings Changes

AI has been the subject of several research reports. Bank of America decreased their price target on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Piper Sandler Companies restated a “neutral” rating and set a $24.00 price target on shares of C3.ai in a report on Thursday, September 5th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a report on Tuesday. Morgan Stanley decreased their price target on shares of C3.ai from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, September 5th. Finally, Piper Sandler decreased their price target on shares of C3.ai from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Three equities 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. According to data from MarketBeat, C3.ai currently has a consensus rating of “Hold” and an average price target of $27.70.

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.