Jones Financial Companies Lllp Purchases 1,906 Shares of C3.ai, Inc. (NYSE:AI)

Jones Financial Companies Lllp raised its position in shares of C3.ai, Inc. (NYSE:AI) by 70.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,616 shares of the company’s stock after acquiring an additional 1,906 shares during the quarter. Jones Financial Companies Lllp’s holdings in C3.ai were worth $159,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brown Lisle Cummings Inc. boosted its position in C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. R Squared Ltd acquired a new position in shares of C3.ai during the fourth quarter valued at about $29,000. CENTRAL TRUST Co acquired a new position in shares of C3.ai during the fourth quarter valued at about $34,000. Global Retirement Partners LLC raised its holdings in shares of C3.ai by 1,004.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,115 shares of the company’s stock valued at $38,000 after purchasing an additional 1,014 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company’s stock valued at $46,000 after purchasing an additional 555 shares during the period. Institutional investors own 38.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AI. JMP Securities upped their price objective on shares of C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a report on Tuesday, November 26th. Canaccord Genuity Group dropped their price objective on shares of C3.ai from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. DA Davidson lowered their target price on shares of C3.ai from $40.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, Northland Securities upped their target price on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. 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’s stock. Based on data from MarketBeat.com, C3.ai presently has an average rating of “Hold” and an average target price of $31.33.

Insider Activity

In related news, CEO Thomas M. Siebel sold 552,422 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $33.04, for a total value of $18,252,022.88. Following the completion of the transaction, the chief executive officer now directly owns 1,336,968 shares of the company’s stock, valued at approximately $44,173,422.72. This trade represents a 29.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jim H. Snabe sold 499,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total transaction of $21,512,085.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $430,500. This trade represents a 98.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,501,972 shares of company stock valued at $53,818,532 in the last three months. Company insiders own 33.54% of the company’s stock.

C3.ai Stock Performance

Shares of AI stock opened at $21.57 on Friday. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08. The company has a 50-day simple moving average of $29.62 and a two-hundred day simple moving average of $29.32. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -9.76 and a beta of 2.03.

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

About C3.ai

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.