C3.ai, Inc. (NYSE:AI) Director Richard C. Levin Sells 12,000 Shares

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $29.84, for a total transaction of $358,080.00. Following the transaction, the director now directly owns 161,664 shares in the company, valued at approximately $4,824,053.76. The trade was a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

C3.ai Trading Up 8.3 %

C3.ai stock traded up $2.60 during trading on Tuesday, reaching $33.81. The company had a trading volume of 5,174,793 shares, compared to its average volume of 4,716,921. C3.ai, Inc. has a 52 week low of $18.85 and a 52 week high of $45.08. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of -15.30 and a beta of 1.98. The firm’s 50-day simple moving average is $35.45 and its 200 day simple moving average is $28.99.

Hedge Funds Weigh In On C3.ai

Several large investors have recently added to or reduced their stakes in the company. JTC Employer Solutions Trustee Ltd bought a new stake in shares of C3.ai during the third quarter valued at approximately $25,000. Brown Lisle Cummings Inc. boosted its position in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares during the last quarter. R Squared Ltd bought a new position in C3.ai during the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of C3.ai by 311.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after buying an additional 795 shares in the last quarter. Finally, CENTRAL TRUST Co purchased a new stake in C3.ai during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 38.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. JMP Securities lifted their price target on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Tuesday, December 10th. DA Davidson upgraded shares of C3.ai to a “hold” rating in a research note on Wednesday, December 18th. 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 note on Wednesday, December 11th. Finally, Morgan Stanley upped their target price on shares of C3.ai from $21.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, C3.ai has an average rating of “Hold” and a consensus target price of $35.00.

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.