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

C3.ai, Inc. (NYSE:AI - Get Free Report) has received an average rating of "Hold" from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.58.

A number of equities research analysts have recently commented on AI shares. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. KeyCorp cut their price objective on C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Piper Sandler decreased their target price on C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Canaccord Genuity Group cut their price target on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley decreased their price objective on shares of C3.ai from $30.00 to $20.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th.

C3.ai Stock Up 2.5 %

Shares of AI opened at $22.58 on Monday. The stock's 50-day moving average price is $22.08 and its 200-day moving average price is $28.83. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -10.22 and a beta of 2.01. C3.ai has a 52 week low of $17.03 and a 52 week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) EPS 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 analyst estimates of $98.12 million. As a group, equities analysts anticipate that C3.ai will post -2.44 EPS for the current fiscal year.

Insider Transactions at C3.ai

In other news, CEO Thomas M. Siebel sold 13,567 shares of C3.ai stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $19.47, for a total transaction of $264,149.49. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Merel Witteveen sold 1,133 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $22.25, for a total value of $25,209.25. Following the completion of the transaction, the vice president now owns 7,287 shares in the company, valued at $162,135.75. This represents a 13.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,446,967 shares of company stock worth $37,175,326 in the last ninety days. Insiders own 33.54% of the company's stock.

Institutional Trading of C3.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in C3.ai by 10.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 933,139 shares of the company's stock valued at $32,128,000 after buying an additional 88,750 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of C3.ai in the 4th quarter worth approximately $3,996,000. Vanguard Group Inc. boosted its position 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 purchasing an additional 446,529 shares during the period. Janney Montgomery Scott LLC increased its holdings in C3.ai by 70.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company's stock valued at $1,905,000 after purchasing an additional 22,949 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in C3.ai in the 4th quarter valued at approximately $2,015,000. 38.96% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.