Charles Schwab Investment Management Inc. Has $20.46 Million Holdings in C3.ai, Inc. (NYSE:AI)

Charles Schwab Investment Management Inc. raised its holdings in C3.ai, Inc. (NYSE:AI) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 844,389 shares of the company’s stock after acquiring an additional 92,280 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of C3.ai worth $20,460,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AI. Intech Investment Management LLC bought a new stake in shares of C3.ai during the third quarter worth $859,000. BIP Wealth LLC acquired a new stake in shares of C3.ai during the 3rd quarter valued at $250,000. Quest Partners LLC grew its position in C3.ai by 9,033.3% during 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 during the last quarter. KBC Group NV increased its holdings in C3.ai by 37.0% in the 3rd quarter. KBC Group NV now owns 3,593 shares of the company’s stock worth $87,000 after purchasing an additional 971 shares in the last quarter. Finally, 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 valued at $341,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock.

C3.ai Stock Performance

Shares of AI opened at $40.52 on Friday. The firm has a market cap of $5.15 billion, a PE ratio of -17.77 and a beta of 2.00. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $40.65. The business’s 50 day moving average price is $28.74 and its two-hundred day moving average price is $27.12.

C3.ai (NYSE:AI) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) EPS 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 last year, the company posted ($0.56) earnings per share. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Research analysts predict that C3.ai, Inc. will post -2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AI has been the topic of several research reports. Piper Sandler reduced their price target on C3.ai from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a research report on Tuesday, November 26th. DA Davidson raised their price target on shares of C3.ai from $20.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday. Oppenheimer reissued an “outperform” rating and issued a $40.00 price objective on shares of C3.ai in a research note on Thursday, September 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.20.

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.