Mutual of America Capital Management LLC Has $2.06 Million Stock Position in C3.ai, Inc. (NYSE:AI)

Mutual of America Capital Management LLC lessened its holdings in C3.ai, Inc. (NYSE:AI) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,018 shares of the company’s stock after selling 797 shares during the period. Mutual of America Capital Management LLC owned about 0.07% of C3.ai worth $2,060,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AI. Vanguard Group Inc. boosted its holdings in shares of C3.ai by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 10,647,900 shares of the company’s stock worth $288,239,000 after buying an additional 317,768 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of C3.ai by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 771,540 shares of the company’s stock worth $22,344,000 after buying an additional 1,929 shares in the last quarter. Raymond James & Associates raised its stake in shares of C3.ai by 11.5% in the second quarter. Raymond James & Associates now owns 201,262 shares of the company’s stock worth $5,829,000 after acquiring an additional 20,753 shares during the last quarter. Rhumbline Advisers boosted its stake in C3.ai by 0.5% in the second quarter. Rhumbline Advisers now owns 125,344 shares of the company’s stock valued at $3,630,000 after acquiring an additional 572 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of C3.ai in the 2nd quarter valued at approximately $3,465,000. 38.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AI. Piper Sandler decreased their price target on shares of C3.ai from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Canaccord Genuity Group reduced their price target on C3.ai from $30.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, September 5th. DA Davidson decreased their price objective on shares of C3.ai from $30.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, September 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $40.00 price target on shares of C3.ai in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, C3.ai has a consensus rating of “Hold” and a consensus target price of $27.70.

C3.ai Trading Up 6.9 %

Shares of AI stock opened at $37.42 on Monday. C3.ai, Inc. has a 1-year low of $18.85 and a 1-year high of $38.30. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -16.41 and a beta of 1.80. The stock has a 50-day moving average of $26.01 and a 200-day moving average of $26.31.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.08. C3.ai had a negative net margin of 85.47% and a negative return on equity of 31.28%. The firm had revenue of $87.21 million during the quarter, compared to analyst estimates of $86.94 million. During the same quarter last year, the business earned ($0.56) EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Sell-side analysts forecast that C3.ai, Inc. will post -2.31 earnings per share for the current year.

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.