C3.ai, Inc. (NYSE:AI) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in shares of C3.ai, Inc. (NYSE:AI) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,810 shares of the company’s stock after acquiring an additional 3,251 shares during the period. Benjamin Edwards Inc.’s holdings in C3.ai were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in C3.ai by 6.7% during the third quarter. Vanguard Group Inc. now owns 10,477,374 shares of the company’s stock worth $267,383,000 after acquiring an additional 659,986 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in C3.ai by 1.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,199,018 shares of the company’s stock valued at $34,424,000 after purchasing an additional 17,915 shares during the period. Qube Research & Technologies Ltd acquired a new stake in C3.ai in the third quarter valued at approximately $17,166,000. Charles Schwab Investment Management Inc. grew its holdings in C3.ai by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,976 shares of the company’s stock valued at $16,332,000 after purchasing an additional 54,027 shares during the period. Finally, Swiss National Bank grew its holdings in C3.ai by 4.1% in the third quarter. Swiss National Bank now owns 209,500 shares of the company’s stock valued at $5,346,000 after purchasing an additional 8,300 shares during the period. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Price Performance

C3.ai stock traded up $0.90 during trading on Friday, reaching $24.05. 5,448,053 shares of the company were exchanged, compared to its average volume of 7,000,267. C3.ai, Inc. has a 52-week low of $17.15 and a 52-week high of $48.87. The company has a market capitalization of $2.94 billion, a P/E ratio of -10.32 and a beta of 1.74. The stock’s 50 day simple moving average is $26.57 and its two-hundred day simple moving average is $27.20.

C3.ai (NYSE:AI) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.13. C3.ai had a negative return on equity of 29.60% and a negative net margin of 95.21%. The firm had revenue of $78.40 million for the quarter, compared to the consensus estimate of $75.92 million. As a group, equities analysts forecast that C3.ai, Inc. will post -2.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

AI has been the topic of several research analyst reports. Piper Sandler raised their price objective on C3.ai from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Wedbush decreased their target price on C3.ai from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Canaccord Genuity Group raised their target price on C3.ai from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Finally, Bank of America raised their target price on C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, C3.ai has an average rating of “Hold” and an average target price of $31.50.

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.