C3.ai, Inc. (NYSE:AI) Receives $35.00 Consensus Price Target from Analysts

Shares of C3.ai, Inc. (NYSE:AI) have earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.00.

AI has been the topic of a number of analyst reports. StockNews.com raised C3.ai to a “sell” rating in a research note on Tuesday, November 26th. Northland Securities raised their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Wednesday, December 11th. Bank of America cut their price target on C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of C3.ai in a report on Tuesday, December 10th.

C3.ai Stock Performance

Shares of NYSE:AI opened at $35.29 on Tuesday. The business’s fifty day moving average price is $32.94 and its two-hundred day moving average price is $28.27. The stock has a market cap of $4.55 billion, a PE ratio of -15.97 and a beta of 2.00. C3.ai has a one year low of $18.85 and a one year high of $45.08.

Insider Transactions at C3.ai

In related news, Director Stephen M. Ward, Jr. sold 125,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the director now directly owns 546,495 shares of the company’s stock, valued at approximately $22,952,790. This represents a 18.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Hyten sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $38.37, for a total value of $191,850.00. Following the completion of the transaction, the director now directly owns 263,843 shares in the company, valued at $10,123,655.91. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,988 shares of company stock worth $27,597,453. 33.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On C3.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of C3.ai during the third quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. boosted its holdings in C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after purchasing an additional 795 shares during the last quarter. Quest Partners LLC grew its stake in C3.ai by 9,033.3% during the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock valued at $40,000 after purchasing an additional 1,626 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in C3.ai during the 2nd quarter valued at approximately $41,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of C3.ai in the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

C3.ai Company 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.