C3.ai, Inc. (NYSE:AI) Stock Position Increased by Creative Planning

Creative Planning increased its position in C3.ai, Inc. (NYSE:AI) by 7.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,573 shares of the company’s stock after acquiring an additional 3,712 shares during the period. Creative Planning’s holdings in C3.ai were worth $1,371,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AI. Principal Financial Group Inc. lifted its stake in C3.ai by 11.7% during the first quarter. Principal Financial Group Inc. now owns 10,703 shares of the company’s stock valued at $290,000 after purchasing an additional 1,119 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of C3.ai by 19.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 62,200 shares of the company’s stock worth $1,684,000 after acquiring an additional 9,912 shares in the last quarter. Fortem Financial Group LLC grew its holdings in shares of C3.ai by 4.2% in the 1st quarter. Fortem Financial Group LLC now owns 36,901 shares of the company’s stock worth $999,000 after acquiring an additional 1,500 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of C3.ai by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 89,529 shares of the company’s stock worth $2,424,000 after purchasing an additional 4,592 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of C3.ai during the first quarter valued at $1,055,000. Institutional investors own 38.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AI shares. Morgan Stanley dropped their price target on C3.ai from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, September 5th. Bank of America cut their price target on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Wedbush decreased their price objective on shares of C3.ai from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of C3.ai in a research report on Thursday, September 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Thursday, September 5th. Three equities 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 assigned a strong buy rating to the stock. According to MarketBeat, C3.ai currently has an average rating of “Hold” and an average price target of $27.70.

C3.ai Trading Down 1.6 %

NYSE AI opened at $25.94 on Thursday. C3.ai, Inc. has a 1-year low of $18.85 and a 1-year high of $38.30. The firm’s fifty day simple moving average is $24.10 and its 200-day simple moving average is $25.58. The company has a market capitalization of $3.24 billion, a PE ratio of -11.09 and a beta of 1.81.

C3.ai (NYSE:AI) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. The company had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.94 million. C3.ai had a negative return on equity of 31.28% and a negative net margin of 85.47%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned ($0.56) EPS. As a group, analysts predict that C3.ai, Inc. will post -2.32 EPS for the current year.

C3.ai Profile

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.