Swiss National Bank Has $2.13 Million Position in C3.ai, Inc. (NYSE:AI)

Swiss National Bank lifted its holdings in C3.ai, Inc. (NYSE:AI – Get Rating) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,000 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Swiss National Bank owned 0.17% of C3.ai worth $2,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ancora Advisors LLC lifted its position in C3.ai by 218.8% during the 1st quarter. Ancora Advisors LLC now owns 1,100 shares of the company’s stock worth $73,000 after acquiring an additional 755 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in C3.ai in the second quarter valued at about $25,000. Canada Pension Plan Investment Board increased its stake in C3.ai by 755.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,472 shares of the company’s stock valued at $34,000 after acquiring an additional 1,300 shares during the period. MetLife Investment Management LLC bought a new stake in C3.ai in the first quarter valued at about $44,000. Finally, Daiwa Securities Group Inc. increased its stake in C3.ai by 19.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,807 shares of the company’s stock valued at $54,000 after acquiring an additional 796 shares during the period. Institutional investors and hedge funds own 41.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research cut shares of C3.ai from a “market perform” rating to an “underperform” rating and set a $14.00 target price on the stock. in a research note on Monday, April 24th. StockNews.com upgraded shares of C3.ai to a “sell” rating in a research report on Friday, April 7th. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of C3.ai in a report on Monday, April 10th. JMP Securities restated a “market outperform” rating and issued a $28.00 price objective on shares of C3.ai in a report on Thursday, April 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of C3.ai from $11.00 to $16.00 and gave the company a “sell” rating in a research note on Friday, March 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.00.

C3.ai Stock Up 2.0 %

AI stock opened at $28.41 on Friday. C3.ai, Inc. has a 12 month low of $10.16 and a 12 month high of $34.68. The firm has a market cap of $3.19 billion, a P/E ratio of -11.74 and a beta of 1.55. The company’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $18.59.

C3.ai (NYSE:AI – Get Rating) last released its earnings results on Thursday, March 2nd. The company reported ($0.57) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.12. The firm had revenue of $66.67 million for the quarter, compared to analyst estimates of $63.89 million. C3.ai had a negative net margin of 98.35% and a negative return on equity of 27.12%. Equities analysts predict that C3.ai, Inc. will post -2.49 EPS for the current year.

Insider Transactions at C3.ai

In other news, CFO Juho Parkkinen sold 4,931 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $21.42, for a total value of $105,622.02. Following the transaction, the chief financial officer now owns 342,888 shares in the company, valued at approximately $7,344,660.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Richard C. Levin sold 24,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $30.26, for a total transaction of $726,240.00. Following the transaction, the director now owns 185,664 shares in the company, valued at approximately $5,618,192.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Juho Parkkinen sold 4,931 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $21.42, for a total transaction of $105,622.02. Following the sale, the chief financial officer now owns 342,888 shares of the company’s stock, valued at approximately $7,344,660.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,848 shares of company stock worth $1,667,582. Company insiders own 38.08% of the company’s stock.

C3.ai 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.