Virtu Financial LLC Invests $2.13 Million in C3.ai, Inc. (NYSE:AI)

Virtu Financial LLC acquired a new position in shares of C3.ai, Inc. (NYSE:AI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,806 shares of the company's stock, valued at approximately $2,128,000.

A number of other institutional investors also recently bought and sold shares of AI. Brown Lisle Cummings Inc. increased its holdings in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after buying an additional 400 shares during the last quarter. R Squared Ltd acquired a new stake in C3.ai during the fourth quarter worth $29,000. CENTRAL TRUST Co acquired a new stake in C3.ai during the fourth quarter worth $34,000. Harvest Fund Management Co. Ltd acquired a new position in shares of C3.ai in the 4th quarter valued at $36,000. Finally, Global Retirement Partners LLC grew its holdings in shares of C3.ai by 1,004.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,115 shares of the company's stock worth $38,000 after purchasing an additional 1,014 shares during the period. 38.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Merel Witteveen sold 1,133 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $22.25, for a total transaction of $25,209.25. Following the sale, the vice president now owns 7,287 shares of the company's stock, valued at approximately $162,135.75. This trade represents a 13.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas M. Siebel sold 552,422 shares of the company'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 $44,173,422.72. This trade represents a 29.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,510,546 shares of company stock worth $43,235,262. 33.54% of the stock is currently owned by corporate insiders.

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C3.ai Stock Up 0.4 %

NYSE AI traded up $0.09 during trading hours on Tuesday, hitting $23.58. 1,842,761 shares of the company were exchanged, compared to its average volume of 5,236,424. The company has a 50 day moving average of $28.27 and a two-hundred day moving average of $29.39. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -10.67 and a beta of 2.03. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported ($0.62) earnings per share 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 for the quarter, compared to analysts' expectations of $98.12 million. On average, equities research analysts predict that C3.ai, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AI. Northland Securities boosted their price objective on shares of C3.ai from $35.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Piper Sandler reduced their price target on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. DA Davidson lowered their price objective on shares of C3.ai from $40.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. KeyCorp cut their target price on C3.ai from $29.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.