Compagnie Lombard Odier SCmA Sells 9,000 Shares of C3.ai, Inc. (NYSE:AI)

Compagnie Lombard Odier SCmA lessened its holdings in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 90.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,000 shares of the company's stock after selling 9,000 shares during the period. Compagnie Lombard Odier SCmA's holdings in C3.ai were worth $34,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AI. JTC Employer Solutions Trustee Ltd bought a new stake in shares of C3.ai during the third quarter worth $25,000. Brown Lisle Cummings Inc. boosted its holdings in C3.ai by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. R Squared Ltd bought a new position in C3.ai in the fourth quarter valued at about $29,000. CENTRAL TRUST Co bought a new position in C3.ai in the fourth quarter valued at about $34,000. Finally, Quest Partners LLC boosted its holdings in C3.ai by 9,033.3% in the third quarter. Quest Partners LLC now owns 1,644 shares of the company's stock valued at $40,000 after acquiring an additional 1,626 shares during the last quarter. Institutional investors own 38.96% of the company's stock.

C3.ai Trading Up 0.9 %

Shares of NYSE AI traded up $0.29 during mid-day trading on Tuesday, reaching $31.85. 4,181,009 shares of the company's stock were exchanged, compared to its average volume of 4,628,609. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -14.41 and a beta of 1.98. The business has a fifty day simple moving average of $34.53 and a 200 day simple moving average of $29.41. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08.

Analyst Ratings Changes

Several research firms recently issued reports on AI. KeyCorp cut C3.ai from a "sector weight" rating to an "underweight" rating and set a $29.00 price target on the stock. in a report on Thursday, December 19th. Piper Sandler raised their price target on C3.ai from $24.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. JMP Securities raised their price target on C3.ai from $40.00 to $55.00 and gave the company a "market outperform" rating in a report on Tuesday, December 10th. DA Davidson upgraded C3.ai to a "hold" rating in a report on Wednesday, December 18th. 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 given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.00.

Insider Transactions at C3.ai

In related news, Director Richard C. Levin sold 12,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $29.84, for a total transaction of $358,080.00. Following the completion of the transaction, the director now directly owns 161,664 shares in the company, valued at approximately $4,824,053.76. This trade represents a 6.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas M. Siebel sold 409,831 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $30.97, for a total value of $12,692,466.07. Following the transaction, the chief executive officer now owns 1,756,390 shares of the company's stock, valued at approximately $54,395,398.30. The trade was a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,642,974 shares of company stock valued at $59,727,720 over the last 90 days. 33.54% of the stock is owned by company insiders.

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.