21,649 Shares in C3.ai, Inc. (NYSE:AI) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in C3.ai, Inc. (NYSE:AI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 21,649 shares of the company's stock, valued at approximately $745,000.

Other large investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its stake in shares of C3.ai by 10.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,663 shares of the company's stock worth $333,000 after purchasing an additional 906 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in C3.ai in the 4th quarter worth approximately $97,000. Strategic Financial Concepts LLC purchased a new position in C3.ai during the 4th quarter worth approximately $2,015,000. Brown Lisle Cummings Inc. raised its position in C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after buying an additional 400 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new stake in shares of C3.ai in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 38.96% of the company's stock.

C3.ai Trading Down 4.0 %

AI stock traded down $1.31 during mid-day trading on Friday, reaching $31.60. The company's stock had a trading volume of 4,246,412 shares, compared to its average volume of 4,364,987. The company's 50 day moving average is $34.74 and its two-hundred day moving average is $29.35. C3.ai, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $45.08. The stock has a market cap of $4.08 billion, a PE ratio of -14.30 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AI. JMP Securities raised their target price on shares of C3.ai from $40.00 to $55.00 and gave the stock a "market outperform" rating in a report on Tuesday, December 10th. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded C3.ai from a "neutral" rating to an "underweight" rating and set a $28.00 target price on the stock. in a research note on Wednesday, December 11th. DA Davidson upgraded C3.ai to a "hold" rating in a research report on Wednesday, December 18th. Finally, Northland Securities increased their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $35.00.

Insider Buying and Selling at C3.ai

In other C3.ai news, CFO Hitesh Lath sold 11,339 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $42.00, for a total value of $476,238.00. Following the transaction, the chief financial officer now owns 851 shares of the company's stock, valued at $35,742. This represents a 93.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 sale, the director now owns 546,495 shares of the company's stock, valued at approximately $22,952,790. This represents a 18.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,642,974 shares of company stock worth $59,727,720 in the last three months. 33.54% of the stock is owned by corporate insiders.

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.