Investment Analysts’ Weekly Ratings Changes for C3.ai (AI)

C3.ai (NYSE: AI) recently received a number of ratings updates from brokerages and research firms:

• 12/19/2024 – C3.ai was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating. They now have a $29.00 price target on the stock.
• 12/18/2024 – C3.ai was upgraded by analysts at DA Davidson to a “hold” rating.
• 12/11/2024 – C3.ai was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $28.00 price target on the stock.
• 12/11/2024 – C3.ai had its price target raised by analysts at Canaccord Genuity Group Inc. from $23.00 to $40.00. They now have a “hold” rating on the stock.
• 12/10/2024 – C3.ai had its price target raised by analysts at Morgan Stanley from $21.00 to $32.00. They now have an “underweight” rating on the stock.
• 12/10/2024 – C3.ai had its price target raised by analysts at Northland Securities from $35.00 to $45.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – C3.ai had its price target raised by analysts at Piper Sandler from $24.00 to $42.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – C3.ai had its price target raised by analysts at JMP Securities from $40.00 to $55.00. They now have a “market outperform” rating on the stock.
• 12/10/2024 – C3.ai had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 12/5/2024 – C3.ai had its price target raised by analysts at DA Davidson from $20.00 to $35.00. They now have a “neutral” rating on the stock.
• 11/26/2024 – C3.ai was upgraded by analysts at StockNews.com to a “sell” rating.
• 11/12/2024 – C3.ai was upgraded by analysts at StockNews.com to a “sell” rating.

C3.ai Price Performance

AI opened at $36.34 on Monday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -16.44 and a beta of 2.00. The business has a fifty day moving average price of $31.78 and a 200 day moving average price of $28.05. C3.ai, Inc. has a 12 month low of $18.85 and a 12 month high of $45.08.

Insider Transactions at C3.ai

In other news, Director Jim H. Snabe sold 499,700 shares of the stock in a transaction dated 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 transaction, the director now owns 10,000 shares in the company, valued at approximately $430,500. This represents a 98.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Hitesh Lath sold 11,339 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $42.00, for a total value of $476,238.00. Following the sale, the chief financial officer now directly owns 851 shares in the company, valued at $35,742. This trade represents a 93.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,988 shares of company stock valued at $27,597,453. 33.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On C3.ai

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in C3.ai by 12.3% in the third 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 in the 3rd quarter valued at about $1,624,000. Global Assets Advisory LLC purchased a new position in C3.ai during the 3rd quarter worth approximately $743,000. Janney Montgomery Scott LLC acquired a new position in C3.ai during the third quarter worth approximately $785,000. Finally, Intech Investment Management LLC acquired a new position in C3.ai during the third quarter worth approximately $859,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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.