C3.ai, Inc. (NYSE:AI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in C3.ai, Inc. (NYSE:AI - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 933,139 shares of the company's stock after acquiring an additional 88,750 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of C3.ai worth $32,128,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in C3.ai in the third quarter valued at $785,000. State of New Jersey Common Pension Fund D grew its holdings in C3.ai by 4.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 81,461 shares of the company's stock valued at $1,974,000 after buying an additional 3,708 shares during the period. Victory Capital Management Inc. increased its stake in shares of C3.ai by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 14,078 shares of the company's stock valued at $341,000 after acquiring an additional 457 shares during the last quarter. KBC Group NV lifted its holdings in shares of C3.ai by 37.0% during the 3rd quarter. KBC Group NV now owns 3,593 shares of the company's stock worth $87,000 after acquiring an additional 971 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of C3.ai by 9,033.3% during the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company's stock worth $40,000 after acquiring an additional 1,626 shares during the period. Hedge funds and other institutional investors own 38.96% of the company's stock.

Insider Buying and Selling at C3.ai

In other C3.ai news, VP Merel Witteveen sold 11,132 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $34.95, for a total transaction of $389,063.40. Following the transaction, the vice president now directly owns 4,142 shares in the company, valued at $144,762.90. This represents a 72.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard C. Levin sold 12,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $34.80, for a total transaction of $417,600.00. Following the completion of the sale, the director now directly owns 161,664 shares of the company's stock, valued at $5,625,907.20. The trade was a 6.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,509,413 shares of company stock worth $43,210,053 in the last 90 days. 33.54% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

AI has been the subject of several research analyst reports. Northland Securities upped their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded C3.ai from a "neutral" rating to an "underweight" rating and set a $28.00 price objective for the company. in a report on Wednesday, December 11th. JMP Securities increased their target price on C3.ai from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research report on Tuesday, December 10th. KeyCorp lowered their price target on C3.ai from $29.00 to $21.00 and set an "underweight" rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com upgraded C3.ai to a "sell" rating in a report on Tuesday, November 26th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, C3.ai has an average rating of "Hold" and a consensus target price of $31.33.

C3.ai Stock Performance

Shares of AI stock traded down $0.34 on Thursday, hitting $22.37. The stock had a trading volume of 1,947,728 shares, compared to its average volume of 5,236,465. The stock's 50 day moving average is $28.84 and its 200-day moving average is $29.34. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -10.14 and a beta of 2.03. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08.

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

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.