B. Riley Wealth Advisors Inc. purchased a new position in shares of C3.ai, Inc. (NYSE:AI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,248 shares of the company’s stock, valued at approximately $1,012,000.
Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of C3.ai during the third quarter worth $25,000. Orion Capital Management LLC acquired a new position in shares of C3.ai in the 3rd quarter valued at $26,000. B. Riley Asset Management LLC acquired a new position in shares of C3.ai in the 3rd quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new position in shares of C3.ai in the 4th quarter valued at $29,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of C3.ai by 87.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after acquiring an additional 632 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.
C3.ai Stock Down 4.4 %
AI stock opened at $27.45 on Friday. The company’s 50-day simple moving average is $25.57 and its 200-day simple moving average is $27.19. C3.ai, Inc. has a 52-week low of $20.23 and a 52-week high of $44.90. The firm has a market cap of $3.35 billion, a P/E ratio of -11.73 and a beta of 1.85.
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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.
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