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

C3.ai, Inc. (NYSE:AI) has earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.00.

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted 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. JMP Securities boosted their target price on shares of C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Tuesday, December 10th. KeyCorp downgraded shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 target price for the company. in a research note on Thursday, December 19th. Finally, Northland Securities boosted their target price 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.

Insider Activity at C3.ai

In other C3.ai news, CEO Thomas M. Siebel sold 409,831 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $30.97, for a total value of $12,692,466.07. Following the completion of the sale, the chief executive officer now owns 1,756,390 shares of the company’s stock, valued at approximately $54,395,398.30. This represents a 18.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Hitesh Lath sold 11,339 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $42.00, for a total transaction of $476,238.00. Following the completion of the sale, the chief financial officer now directly owns 851 shares of the company’s stock, valued at $35,742. The trade was a 93.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,642,974 shares of company stock worth $59,727,720 over the last ninety days. Company insiders own 33.54% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Several large investors have recently bought and sold shares of the company. Brown Lisle Cummings Inc. increased its position in shares of C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock worth $28,000 after acquiring an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company’s stock worth $31,000 after acquiring an additional 456 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of C3.ai by 3.4% during the third quarter. Victory Capital Management Inc. now owns 14,078 shares of the company’s stock worth $341,000 after acquiring an additional 457 shares in the last quarter. Legal & General Group Plc increased its position in shares of C3.ai by 0.4% during the fourth quarter. Legal & General Group Plc now owns 119,144 shares of the company’s stock worth $4,102,000 after acquiring an additional 517 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company’s stock worth $46,000 after acquiring an additional 555 shares in the last quarter. Institutional investors own 38.96% of the company’s stock.

C3.ai Stock Up 0.9 %

Shares of AI stock opened at $31.85 on Wednesday. C3.ai has a 12-month low of $18.85 and a 12-month high of $45.08. The company has a market capitalization of $4.11 billion, a P/E ratio of -14.41 and a beta of 1.98. The firm has a 50-day moving average price of $34.53 and a 200 day moving average price of $29.41.

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.