C3.ai, Inc. (NYSE:AI) Short Interest Up 8.8% in November

C3.ai, Inc. (NYSE:AI - Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 24,770,000 shares, a growth of 8.8% from the November 15th total of 22,770,000 shares. Based on an average daily volume of 5,500,000 shares, the short-interest ratio is currently 4.5 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research note on Tuesday, December 10th. DA Davidson raised their target price on shares of C3.ai from $20.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Piper Sandler upped their price target on shares of C3.ai from $24.00 to $42.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Oppenheimer reiterated an "outperform" rating and set a $40.00 price objective on shares of C3.ai in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut C3.ai from a "neutral" rating to an "underweight" rating and set a $28.00 target price on the stock. in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $35.55.

Insider Activity at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 11,339 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the sale, the chief financial officer now directly owns 851 shares of the company's stock, valued at approximately $35,742. This represents a 93.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Ward, Jr. sold 125,000 shares of C3.ai stock in a transaction dated 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 completion of the transaction, the director now directly owns 546,495 shares of the company's stock, valued at $22,952,790. This trade represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,288 shares of company stock valued at $6,085,368. Insiders own 33.54% of the company's stock.

Institutional Trading of C3.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in C3.ai by 8.8% in the third quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company's stock valued at $53,728,000 after buying an additional 178,870 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of C3.ai during the 2nd quarter worth approximately $3,465,000. Charles Schwab Investment Management Inc. raised its stake in C3.ai by 12.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company's stock valued at $20,460,000 after acquiring an additional 92,280 shares during the period. Hodges Capital Management Inc. acquired a new stake in C3.ai during the 3rd quarter valued at $1,955,000. Finally, Hsbc Holdings PLC boosted its position in C3.ai by 679.8% during the second quarter. Hsbc Holdings PLC now owns 87,092 shares of the company's stock worth $2,500,000 after purchasing an additional 75,923 shares during the period. Institutional investors own 38.96% of the company's stock.

C3.ai Stock Performance

AI traded down $0.07 during midday trading on Tuesday, hitting $42.87. The company had a trading volume of 9,270,568 shares, compared to its average volume of 5,985,328. C3.ai has a twelve month low of $18.85 and a twelve month high of $45.08. The firm's 50-day simple moving average is $30.77 and its 200-day simple moving average is $27.80. The company has a market capitalization of $5.45 billion, a PE ratio of -19.61 and a beta of 2.00.

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.