Analysts Set C3.ai, Inc. (NYSE:AI) PT at $31.33

C3.ai, Inc. (NYSE:AI) has earned an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.33.

A number of research analysts recently commented on the company. Northland Securities boosted their price target on C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Canaccord Genuity Group dropped 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. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a report on Thursday, February 27th. JPMorgan Chase & Co. downgraded shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research note on Wednesday, December 11th. Finally, Morgan Stanley dropped their price objective on shares of C3.ai from $32.00 to $30.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th.

Insider Buying and Selling

In related news, VP Merel Witteveen sold 1,133 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $22.25, for a total transaction of $25,209.25. Following the completion of the sale, the vice president now directly owns 7,287 shares in the company, valued at $162,135.75. This represents a 13.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas M. Siebel sold 552,422 shares of C3.ai stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,336,968 shares in the company, valued at $44,173,422.72. This trade represents a 29.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,486,813 shares of company stock valued at $42,407,563 over the last three months. 33.54% of the stock is owned by company insiders.

Institutional Trading of C3.ai

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position 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 valued at $20,460,000 after acquiring an additional 92,280 shares during the last quarter. Cerity Partners LLC grew its stake in shares of C3.ai by 45.2% during the third quarter. Cerity Partners LLC now owns 24,133 shares of the company’s stock worth $585,000 after acquiring an additional 7,511 shares during the last quarter. FMR LLC boosted its stake in C3.ai by 149.2% in the 3rd quarter. FMR LLC now owns 13,994 shares of the company’s stock worth $339,000 after purchasing an additional 8,378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of C3.ai by 7.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,053 shares of the company’s stock worth $583,000 after buying an additional 1,619 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of C3.ai by 98.4% during the third quarter. Holocene Advisors LP now owns 75,780 shares of the company’s stock worth $1,836,000 after buying an additional 37,594 shares during the period. 38.96% of the stock is currently owned by institutional investors.

C3.ai Trading Down 6.6 %

C3.ai stock opened at $18.94 on Thursday. C3.ai has a 12-month low of $18.13 and a 12-month high of $45.08. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -8.57 and a beta of 2.01. The firm has a 50 day moving average of $26.32 and a 200 day moving average of $29.30.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.37). The firm had revenue of $98.78 million for the quarter, compared to the consensus estimate of $98.12 million. C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. On average, analysts predict that C3.ai will post -2.44 EPS for the current year.

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.