C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath Sells 3,949 Shares

C3.ai, Inc. (NYSE:AI) CFO Hitesh Lath sold 3,949 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $42.36, for a total transaction of $167,279.64. Following the completion of the sale, the chief financial officer now owns 851 shares of the company’s stock, valued at approximately $36,048.36. The trade was a 82.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hitesh Lath also recently made the following trade(s):

• On Monday, December 9th, Hitesh Lath sold 11,339 shares of C3.ai stock. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00.

C3.ai Trading Down 0.2 %

NYSE:AI traded down $0.07 on Tuesday, reaching $42.87. The stock had a trading volume of 9,270,568 shares, compared to its average volume of 5,985,328. C3.ai, Inc. has a 12-month low of $18.85 and a 12-month high of $45.08. The stock has a market cap of $5.45 billion, a P/E ratio of -19.61 and a beta of 2.00. The company has a 50-day moving average of $30.77 and a 200 day moving average of $27.80.

Institutional Investors Weigh In On C3.ai

A number of hedge funds have recently bought and sold shares of AI. Geode Capital Management LLC grew its holdings in C3.ai by 8.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after acquiring an additional 178,870 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in C3.ai in the third quarter worth about $1,955,000. State Street Corp grew its stake in C3.ai by 1.8% in the third quarter. State Street Corp now owns 2,121,391 shares of the company’s stock worth $51,401,000 after purchasing an additional 38,185 shares in the last quarter. Janus Henderson Group PLC increased its holdings in C3.ai by 21.3% in the third quarter. Janus Henderson Group PLC now owns 52,182 shares of the company’s stock valued at $1,265,000 after buying an additional 9,160 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in C3.ai by 98.4% during the third quarter. Holocene Advisors LP now owns 75,780 shares of the company’s stock valued at $1,836,000 after buying an additional 37,594 shares in the last quarter. Institutional investors and hedge funds own 38.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AI shares. JMP Securities boosted their price target on C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Bank of America dropped their target price on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. DA Davidson lifted their price target on shares of C3.ai from $20.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research report on Tuesday, December 10th. Finally, Oppenheimer restated an “outperform” rating and set a $40.00 target price on shares of C3.ai in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.55.

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.