C3.ai, Inc. (NYSE:AI) Director Sells $417,600.00 in Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $34.80, for a total value of $417,600.00. Following the completion of the transaction, the director now directly owns 161,664 shares of the company’s stock, valued at approximately $5,625,907.20. This trade represents a 6.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

C3.ai Stock Up 6.1 %

Shares of AI opened at $36.78 on Monday. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08. The stock has a market cap of $4.75 billion, a PE ratio of -16.64 and a beta of 2.00. The firm’s fifty day moving average is $33.75 and its two-hundred day moving average is $28.44.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Northland Securities raised their price target on shares of C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. Morgan Stanley raised their target price on C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group increased their price target on C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.00.

Hedge Funds Weigh In On C3.ai

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in C3.ai by 8.8% during the third quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after buying an additional 178,870 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in shares of C3.ai during the 3rd quarter valued at about $1,955,000. State Street Corp grew its holdings in shares of C3.ai by 1.8% in the third quarter. State Street Corp now owns 2,121,391 shares of the company’s stock valued at $51,401,000 after purchasing an additional 38,185 shares during the period. Janus Henderson Group PLC increased its position in C3.ai by 21.3% during the third quarter. Janus Henderson Group PLC now owns 52,182 shares of the company’s stock worth $1,265,000 after purchasing an additional 9,160 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in C3.ai by 98.4% during the third quarter. Holocene Advisors LP now owns 75,780 shares of the company’s stock worth $1,836,000 after purchasing an additional 37,594 shares during the period. 38.96% of the stock is currently owned by institutional investors and hedge funds.

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.