C3.ai, Inc. (NYSE:AI) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $141.33.
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of C3.ai in a report on Monday, January 4th. They issued an “underweight” rating and a $84.00 price objective on the stock. Bank of America assumed coverage on shares of C3.ai in a report on Monday, January 4th. They issued a “neutral” rating and a $170.00 price objective on the stock. Morgan Stanley assumed coverage on shares of C3.ai in a report on Monday, January 4th. They issued an “underweight” rating and a $100.00 price objective on the stock. KeyCorp assumed coverage on shares of C3.ai in a report on Monday, January 4th. They issued a “sector weight” rating on the stock. Finally, Canaccord Genuity cut their price objective on shares of C3.ai from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Monday, March 8th.
Shares of AI stock traded up $5.65 during trading hours on Wednesday, reaching $66.51. 2,780,211 shares of the company were exchanged, compared to its average volume of 4,099,762. C3.ai has a fifty-two week low of $58.80 and a fifty-two week high of $183.90. The stock’s fifty day moving average is $75.02 and its two-hundred day moving average is $76.10.
In other news, Director Baker Hughes Holdings Llc sold 873,431 shares of the stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $64.25, for a total transaction of $56,117,941.75. Also, Director Stephen M. Ward, Jr. sold 5,000 shares of the stock in a transaction on Monday, March 8th. The stock was sold at an average price of $90.92, for a total transaction of $454,600.00. Following the sale, the director now directly owns 670,118 shares of the company’s stock, valued at approximately $60,927,128.56. The disclosure for this sale can be found here. Insiders sold 6,352,182 shares of company stock valued at $519,131,036 in the last ninety days.
Hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. bought a new stake in shares of C3.ai during the fourth quarter worth $28,000. Baker Hughes Holdings LLC bought a new position in C3.ai in the fourth quarter valued at $1,500,317,000. Axel Capital Management LLC bought a new position in C3.ai in the fourth quarter valued at $5,550,000. Ratan Capital Management LP bought a new position in C3.ai in the fourth quarter valued at $16,650,000. Finally, Laurion Capital Management LP bought a new position in C3.ai in the fourth quarter valued at $4,163,000.
C3.ai Company Profile
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.
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