C3.ai, Inc. (NYSE:AI) Given Consensus Recommendation of “Hold” by Analysts

C3.ai, Inc. (NYSE:AI – Get Rating) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $20.50.

AI has been the subject of several recent analyst reports. Wedbush increased their price objective on shares of C3.ai from $13.00 to $24.00 in a research report on Friday, March 3rd. DA Davidson started coverage on shares of C3.ai in a research note on Thursday, February 2nd. They set a “buy” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of C3.ai from $11.00 to $16.00 and gave the stock a “sell” rating in a research note on Friday, March 3rd. Piper Sandler reissued a “neutral” rating and set a $23.00 target price on shares of C3.ai in a research note on Friday, March 10th. Finally, StockNews.com raised shares of C3.ai to a “sell” rating in a research note on Friday, March 10th.

Insider Activity

In related news, Director Richard C. Levin sold 24,000 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $30.03, for a total transaction of $720,720.00. Following the completion of the sale, the director now owns 233,664 shares in the company, valued at $7,016,929.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 25,486 shares of company stock worth $737,650 over the last quarter. Insiders own 38.08% of the company’s stock.

Hedge Funds Weigh In On C3.ai

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in C3.ai by 29.1% during the third quarter. Vanguard Group Inc. now owns 9,042,202 shares of the company’s stock valued at $113,028,000 after purchasing an additional 2,037,342 shares during the last quarter. BlackRock Inc. lifted its position in C3.ai by 3.8% during the third quarter. BlackRock Inc. now owns 5,717,608 shares of the company’s stock valued at $71,470,000 after purchasing an additional 208,386 shares during the last quarter. Renaissance Technologies LLC lifted its position in C3.ai by 8.9% during the third quarter. Renaissance Technologies LLC now owns 2,963,700 shares of the company’s stock valued at $37,046,000 after purchasing an additional 241,300 shares during the last quarter. FMR LLC lifted its position in C3.ai by 801.1% during the second quarter. FMR LLC now owns 1,810,148 shares of the company’s stock valued at $33,053,000 after purchasing an additional 1,609,258 shares during the last quarter. Finally, State Street Corp lifted its position in C3.ai by 6.3% during the third quarter. State Street Corp now owns 1,595,793 shares of the company’s stock valued at $19,947,000 after purchasing an additional 94,689 shares during the last quarter. 41.97% of the stock is currently owned by institutional investors.

C3.ai Stock Down 3.0 %

AI opened at $21.10 on Wednesday. C3.ai has a twelve month low of $10.16 and a twelve month high of $30.92. The company has a fifty day moving average of $19.51 and a 200-day moving average of $15.29. The stock has a market cap of $2.37 billion, a PE ratio of -8.72 and a beta of 1.40.

C3.ai Company Profile

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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.