SBI Securities Co. Ltd. Purchases Shares of 116,075 C3.ai, Inc. (NYSE:AI)

SBI Securities Co. Ltd. bought a new position in C3.ai, Inc. (NYSE:AI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 116,075 shares of the company's stock, valued at approximately $3,996,000. SBI Securities Co. Ltd. owned 0.09% of C3.ai at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in C3.ai by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company's stock worth $20,460,000 after purchasing an additional 92,280 shares during the last quarter. PDT Partners LLC bought a new stake in C3.ai during the 3rd quarter worth about $1,624,000. Janney Montgomery Scott LLC boosted its stake in shares of C3.ai by 70.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company's stock worth $1,905,000 after buying an additional 22,949 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of C3.ai in the 4th quarter valued at about $2,015,000. Finally, Friedenthal Financial acquired a new stake in shares of C3.ai in the fourth quarter valued at about $757,000. Institutional investors own 38.96% of the company's stock.

C3.ai Price Performance

NYSE AI traded up $0.60 on Wednesday, reaching $22.70. The stock had a trading volume of 3,550,731 shares, compared to its average volume of 5,231,126. The company has a market cap of $2.93 billion, a P/E ratio of -10.27 and a beta of 1.98. The firm has a fifty day moving average of $31.85 and a two-hundred day moving average of $29.56. C3.ai, Inc. has a 1-year low of $18.85 and a 1-year high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last released 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). C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The business had revenue of $98.78 million for the quarter, compared to the consensus estimate of $98.12 million. Research analysts predict that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AI has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their price target on C3.ai from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Morgan Stanley dropped their price target on shares of C3.ai from $32.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Northland Securities increased their price target on shares of C3.ai from $35.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. JMP Securities boosted their price objective on shares of C3.ai from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of C3.ai to a "sell" rating in a research note on Tuesday, November 26th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.33.

Insider Activity at C3.ai

In related news, CEO Thomas M. Siebel sold 552,422 shares of C3.ai stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $33.04, for a total value of $18,252,022.88. Following the transaction, the chief executive officer now directly owns 1,336,968 shares of the company's stock, valued at $44,173,422.72. This trade represents a 29.24 % 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, Director Jim H. Snabe sold 499,700 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total value of $21,512,085.00. Following the sale, the director now owns 10,000 shares of the company's stock, valued at $430,500. The trade was a 98.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,643,311 shares of company stock valued at $59,736,620 over the last quarter. 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.