Rockefeller Capital Management L.P. Purchases 176,982 Shares of C3.ai, Inc. (NYSE:AI)

Rockefeller Capital Management L.P. increased its stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 712.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,823 shares of the company's stock after acquiring an additional 176,982 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.16% of C3.ai worth $6,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AI. Brown Lisle Cummings Inc. lifted its stake in C3.ai by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after acquiring an additional 400 shares during the period. R Squared Ltd purchased a new position in C3.ai during the 4th quarter valued at about $29,000. Russell Investments Group Ltd. boosted its stake in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after acquiring an additional 456 shares in the last quarter. WealthTrak Capital Management LLC bought a new position in shares of C3.ai during the fourth quarter valued at approximately $33,000. Finally, CENTRAL TRUST Co bought a new position in shares of C3.ai during the fourth quarter valued at approximately $34,000. 38.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley cut their price target on C3.ai from $30.00 to $20.00 and set an "underweight" rating on the stock in a research note on Wednesday. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a report on Thursday, February 27th. Piper Sandler cut their price objective on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. KeyCorp decreased their target price on shares of C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a report on Thursday. Finally, DA Davidson cut their price target on shares of C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, C3.ai currently has an average rating of "Hold" and an average price target of $29.58.

Insider Buying and Selling

In other C3.ai news, CEO Thomas M. Siebel sold 356,418 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $20.19, for a total transaction of $7,196,079.42. Following the sale, the chief executive officer now directly owns 241,768 shares of the company's stock, valued at $4,881,295.92. The trade was a 59.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas M. Siebel sold 13,567 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $19.47, for a total value of $264,149.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,446,967 shares of company stock worth $37,175,326. Corporate insiders own 33.54% of the company's stock.

C3.ai Stock Performance

Shares of C3.ai stock traded up $0.03 during trading hours on Friday, hitting $19.38. The company's stock had a trading volume of 2,348,902 shares, compared to its average volume of 5,204,859. The company has a market cap of $2.57 billion, a PE ratio of -8.77 and a beta of 2.01. The business has a 50 day moving average price of $23.20 and a two-hundred day moving average price of $28.90. C3.ai, Inc. has a 12-month low of $17.03 and a 12-month high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.37). The business had revenue of $98.78 million during the quarter, compared to analysts' expectations of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. As a group, research analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current year.

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.