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

C3.ai, Inc. (NYSE:AI - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Four 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 issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $35.00.

A number of research analysts have recently issued reports on AI shares. DA Davidson raised C3.ai to a "hold" rating in a research note on Wednesday, December 18th. StockNews.com upgraded C3.ai to a "sell" rating in a research report on Tuesday, November 26th. JMP Securities boosted their price objective on C3.ai from $40.00 to $55.00 and gave the company a "market outperform" rating in a research report on Tuesday, December 10th. Piper Sandler raised their target price on shares of C3.ai from $24.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a report on Tuesday, December 10th.

Insiders Place Their Bets

In other C3.ai news, VP Merel Witteveen sold 11,132 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $34.95, for a total value of $389,063.40. Following the transaction, the vice president now owns 4,142 shares of the company's stock, valued at approximately $144,762.90. This represents a 72.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard C. Levin sold 12,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $29.84, for a total value of $358,080.00. Following the sale, the director now owns 161,664 shares of the company's stock, valued at approximately $4,824,053.76. This represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,642,974 shares of company stock valued at $59,727,720. 33.54% of the stock is owned by insiders.

Institutional Trading of C3.ai

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of C3.ai by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 12,935,969 shares of the company's stock worth $445,385,000 after acquiring an additional 446,529 shares during the last quarter. Geode Capital Management LLC lifted its position in C3.ai by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 2,529,991 shares of the company's stock valued at $87,128,000 after purchasing an additional 313,066 shares in the last quarter. State Street Corp grew its holdings in C3.ai by 1.8% during the third quarter. State Street Corp now owns 2,121,391 shares of the company's stock valued at $51,401,000 after purchasing an additional 38,185 shares during the period. Two Sigma Investments LP purchased a new stake in C3.ai in the fourth quarter worth about $42,306,000. Finally, Man Group plc bought a new position in shares of C3.ai in the fourth quarter worth about $38,455,000. 38.96% of the stock is currently owned by institutional investors.

C3.ai Stock Up 1.0 %

Shares of C3.ai stock traded up $0.32 during trading on Wednesday, reaching $31.88. The company's stock had a trading volume of 1,649,912 shares, compared to its average volume of 4,553,074. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -14.42 and a beta of 1.98. The firm's 50-day moving average is $34.53 and its two-hundred day moving average is $29.41. C3.ai has a 52-week low of $18.85 and a 52-week high of $45.08.

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.