C3.ai, Inc. (NYSE:AI) Director Sells $417,600.00 in Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of C3.ai stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $34.80, for a total value of $417,600.00. Following the sale, the director now owns 161,664 shares in the company, valued at $5,625,907.20. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

C3.ai Price Performance

AI stock traded up $2.11 on Friday, hitting $36.78. 4,853,270 shares of the company were exchanged, compared to its average volume of 4,235,885. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -16.64 and a beta of 2.00. The business’s fifty day moving average is $33.75 and its two-hundred day moving average is $28.44. C3.ai, Inc. has a twelve month low of $18.85 and a twelve month high of $45.08.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America cut their price target on C3.ai from $24.00 to $20.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. KeyCorp downgraded C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research note on Thursday, December 19th. Oppenheimer reiterated an “outperform” rating and issued a $40.00 target price on shares of C3.ai in a research note on Thursday, September 5th. Piper Sandler Companies reissued a “neutral” rating and issued a $24.00 target price on shares of C3.ai in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut 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 note on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, C3.ai currently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Trading of C3.ai

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake 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 worth $20,460,000 after buying an additional 92,280 shares during the period. PDT Partners LLC purchased a new stake in shares of C3.ai in the third quarter worth about $1,624,000. Global Assets Advisory LLC acquired a new stake in C3.ai in the third quarter valued at approximately $743,000. Janney Montgomery Scott LLC purchased a new stake in C3.ai during the 3rd quarter worth $785,000. Finally, Intech Investment Management LLC acquired a new position in shares of C3.ai in the third quarter worth about $859,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

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.