C3.ai, Inc. (NYSE:AI – Get Rating) shares saw strong trading volume on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $11.00 to $16.00. Deutsche Bank Aktiengesellschaft currently has a sell rating on the stock. 23,685,394 shares changed hands during trading, an increase of 15% from the previous session’s volume of 20,664,432 shares.The stock last traded at $28.90 and had previously closed at $28.48.
Other analysts have also issued research reports about the company. Piper Sandler upped their target price on C3.ai from $13.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. StockNews.com raised C3.ai to a “sell” rating in a research note on Wednesday, February 22nd. JMP Securities increased their price objective on C3.ai from $19.00 to $27.00 and gave the company a “market outperform” rating in a research note on Friday. Wedbush increased their target price on C3.ai from $13.00 to $24.00 in a research report on Friday. Finally, DA Davidson began coverage on C3.ai in a research report on Thursday, February 2nd. They set a “buy” rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, C3.ai currently has an average rating of “Hold” and an average price target of $20.45.
In other news, Director Richard C. Levin sold 24,000 shares of C3.ai stock in a transaction on Monday, February 6th. The stock was sold at an average price of $30.03, for a total transaction of $720,720.00. Following the transaction, the director now owns 233,664 shares in the company, valued at $7,016,929.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 25,486 shares of company stock worth $737,650. 38.08% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
C3.ai Stock Down 3.9 %
The business has a 50-day simple moving average of $18.06 and a two-hundred day simple moving average of $15.14. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -11.31 and a beta of 1.40.
C3.ai (NYSE:AI – Get Rating) last announced its quarterly earnings results on Wednesday, December 7th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.02). C3.ai had a negative return on equity of 26.93% and a negative net margin of 98.35%. The company had revenue of $62.41 million during the quarter, compared to analyst estimates of $61.03 million. As a group, equities analysts anticipate that C3.ai, Inc. will post -2.73 earnings per share for the current year.
C3.ai Company Profile
C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions.
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