Brokerages Set C3.ai, Inc. (NYSE:AI) PT at $35.00

Shares of C3.ai, Inc. (NYSE:AI) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

A number of research firms have commented on AI. Morgan Stanley raised their price target on C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Northland Securities boosted their price target on C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Piper Sandler increased their price objective on shares of C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. DA Davidson raised shares of C3.ai to a “hold” rating in a report on Wednesday, December 18th. Finally, Canaccord Genuity Group raised their target price on shares of C3.ai from $23.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th.

Insider Activity

In other news, CEO Thomas M. Siebel sold 409,831 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total transaction of $12,692,466.07. Following the completion of the sale, the chief executive officer now owns 1,756,390 shares in the company, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Hitesh Lath sold 11,339 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $42.00, for a total value of $476,238.00. Following the completion of the sale, the chief financial officer now directly owns 851 shares of the company’s stock, valued at $35,742. The trade was a 93.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,078,552 shares of company stock worth $41,117,617. 33.54% of the stock is currently owned by company insiders.

Institutional Trading of C3.ai

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in C3.ai by 2.1% during the 2nd quarter. American Century Companies Inc. now owns 21,447 shares of the company’s stock worth $621,000 after acquiring an additional 432 shares during the period. Victory Capital Management Inc. raised its stake in shares of C3.ai by 3.4% in the third quarter. Victory Capital Management Inc. now owns 14,078 shares of the company’s stock worth $341,000 after purchasing an additional 457 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of C3.ai by 5.9% during the second quarter. EP Wealth Advisors LLC now owns 10,840 shares of the company’s stock worth $314,000 after purchasing an additional 601 shares during the period. Ensign Peak Advisors Inc boosted its position in C3.ai by 1.8% in the second quarter. Ensign Peak Advisors Inc now owns 39,845 shares of the company’s stock valued at $1,154,000 after buying an additional 700 shares during the last quarter. Finally, Versor Investments LP increased its holdings in C3.ai by 6.4% in the 3rd quarter. Versor Investments LP now owns 12,800 shares of the company’s stock worth $310,000 after buying an additional 770 shares during the period. 38.96% of the stock is currently owned by institutional investors and hedge funds.

C3.ai Price Performance

NYSE:AI opened at $31.98 on Friday. C3.ai has a one year low of $18.85 and a one year high of $45.08. The business has a fifty day moving average price of $35.17 and a 200-day moving average price of $28.81. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -14.47 and a beta of 2.00.

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.