Steward Partners Investment Advisory LLC Acquires 17,424 Shares of C3.ai, Inc. (NYSE:AI)

Steward Partners Investment Advisory LLC boosted its holdings in C3.ai, Inc. (NYSE:AI) by 491.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,973 shares of the company’s stock after buying an additional 17,424 shares during the period. Steward Partners Investment Advisory LLC’s holdings in C3.ai were worth $722,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. boosted its stake in C3.ai by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. R Squared Ltd acquired a new stake in C3.ai in the 4th quarter valued at $29,000. CENTRAL TRUST Co acquired a new stake in C3.ai in the 4th quarter valued at $34,000. Global Retirement Partners LLC boosted its stake in C3.ai by 1,004.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,115 shares of the company’s stock valued at $38,000 after buying an additional 1,014 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in C3.ai by 9,033.3% in the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock valued at $40,000 after buying an additional 1,626 shares in the last quarter. 38.96% of the stock is owned by institutional investors.

Insider Transactions at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 3,949 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.36, for a total transaction of $167,279.64. Following the completion of the sale, the chief financial officer now directly owns 851 shares of the company’s stock, valued at approximately $36,048.36. The trade was a 82.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Merel Witteveen sold 11,132 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $34.95, for a total value of $389,063.40. Following the sale, the vice president now directly owns 4,142 shares of the company’s stock, valued at $144,762.90. This represents a 72.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,506,972 shares of company stock valued at $54,010,382. Corporate insiders own 33.54% of the company’s stock.

C3.ai Stock Up 0.1 %

NYSE AI opened at $20.98 on Wednesday. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -9.49 and a beta of 2.03. The business’s fifty day moving average is $30.46 and its 200 day moving average is $29.45.

C3.ai (NYSE:AI) last announced its earnings results on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.37). The company had revenue of $98.78 million for the quarter, compared to analyst estimates of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. On average, research analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AI has been the topic of several recent analyst reports. DA Davidson decreased their price target on C3.ai from $40.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Northland Securities boosted their price target on C3.ai from $35.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. KeyCorp reduced their price objective on C3.ai from $29.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research note on Thursday, February 27th. Finally, Piper Sandler reduced their price objective on C3.ai from $42.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, C3.ai currently has a consensus rating of “Hold” and an average price target of $31.33.

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.