C3.ai, Inc. (NYSE:AI) Director John E. Hyten Sells 5,000 Shares

C3.ai, Inc. (NYSE:AI) Director John E. Hyten sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $38.37, for a total value of $191,850.00. Following the completion of the transaction, the director now directly owns 263,843 shares of the company’s stock, valued at $10,123,655.91. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

C3.ai Stock Down 0.2 %

NYSE:AI opened at $42.87 on Wednesday. The stock has a fifty day simple moving average of $31.14 and a 200 day simple moving average of $27.90. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -19.40 and a beta of 2.00. C3.ai, Inc. has a 1-year low of $18.85 and a 1-year high of $45.08.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in C3.ai by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after purchasing an additional 178,870 shares during the period. Hodges Capital Management Inc. purchased a new stake in shares of C3.ai in the third quarter valued at $1,955,000. State Street Corp boosted its position in shares of 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 buying an additional 38,185 shares during the period. Janus Henderson Group PLC raised its position in C3.ai by 21.3% during 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 period. Finally, Holocene Advisors LP lifted its stake in C3.ai by 98.4% in the 3rd quarter. Holocene Advisors LP now owns 75,780 shares of the company’s stock worth $1,836,000 after acquiring an additional 37,594 shares in the last quarter. 38.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AI shares. Wedbush reduced their price objective on shares of C3.ai from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Bank of America decreased their price objective on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. DA Davidson boosted their target price on C3.ai from $20.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Canaccord Genuity Group upped their target price on C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler lifted their price target on C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, C3.ai has an average rating of “Hold” and a consensus target price of $35.55.

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.