C3.ai, Inc. (NYSE:AI) Given Consensus Recommendation of "Hold" by Analysts

Shares of C3.ai, Inc. (NYSE:AI - Get Free Report) have been given a consensus recommendation of "Hold" by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.00.

Several research firms have recently issued reports on AI. DA Davidson raised C3.ai to a "hold" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group upped their target price on shares of C3.ai from $23.00 to $40.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. StockNews.com raised shares of C3.ai to a "sell" rating in a research report on Tuesday, November 26th. Piper Sandler upped their price objective on C3.ai from $24.00 to $42.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, KeyCorp lowered C3.ai from a "sector weight" rating to an "underweight" rating and set a $29.00 target price for the company. in a report on Thursday, December 19th.

Insider Activity at C3.ai

In other C3.ai news, Director Stephen M. Ward, Jr. sold 125,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $5,250,000.00. Following the sale, the director now owns 546,495 shares in the company, valued at approximately $22,952,790. This trade represents a 18.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $42.00, for a total transaction of $476,238.00. Following the completion of the transaction, the chief financial officer now owns 851 shares of the company's stock, valued at approximately $35,742. The trade was a 93.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,642,974 shares of company stock worth $59,727,720. 33.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On C3.ai

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of C3.ai by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 12,935,969 shares of the company's stock worth $445,385,000 after purchasing an additional 446,529 shares in the last quarter. Geode Capital Management LLC boosted its stake in C3.ai by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 2,529,991 shares of the company's stock worth $87,128,000 after purchasing an additional 313,066 shares during the period. State Street Corp grew its holdings in C3.ai by 1.8% during the 3rd quarter. State Street Corp now owns 2,121,391 shares of the company's stock valued at $51,401,000 after buying an additional 38,185 shares in the last quarter. Northern Trust Corp raised its position in shares of C3.ai by 28.7% during the fourth quarter. Northern Trust Corp now owns 1,055,075 shares of the company's stock valued at $36,326,000 after buying an additional 235,364 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of C3.ai by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 933,139 shares of the company's stock worth $32,128,000 after buying an additional 88,750 shares in the last quarter. 38.96% of the stock is owned by institutional investors.

C3.ai Price Performance

AI stock traded down $1.31 on Wednesday, reaching $31.60. 4,246,412 shares of the company traded hands, compared to its average volume of 4,364,987. The firm has a fifty day simple moving average of $34.74 and a 200-day simple moving average of $29.35. C3.ai has a one year low of $18.85 and a one year high of $45.08. The company has a market cap of $4.08 billion, a P/E ratio of -14.30 and a beta of 1.98.

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.