C3.ai, Inc. (NYSE:AI) Receives $35.00 Average Price Target from Brokerages

Shares of C3.ai, Inc. (NYSE:AI) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Four investment 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. The average 1 year price target among brokerages that have covered the stock in the last year is $35.00.

Several brokerages recently weighed in on AI. DA Davidson raised C3.ai to a “hold” rating in a research note on Wednesday, December 18th. Northland Securities lifted their price objective 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. Morgan Stanley increased their target price on shares of C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research report on Wednesday, December 11th. Finally, 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 report on Thursday, December 19th.

Insider Activity

In other news, Director Jim H. Snabe sold 499,700 shares of C3.ai stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $43.05, for a total transaction of $21,512,085.00. Following the completion of the sale, the director now directly owns 10,000 shares in the company, valued at $430,500. The trade was a 98.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 263,843 shares in the company, valued at $10,123,655.91. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,988 shares of company stock worth $27,597,453 in the last 90 days. Company insiders own 33.54% of the company’s stock.

Institutional Investors Weigh In On C3.ai

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings 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 last quarter. Susquehanna Fundamental Investments LLC bought a new stake in C3.ai during the second quarter valued at about $3,465,000. Charles Schwab Investment Management Inc. grew its position in shares of C3.ai by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company’s stock valued at $20,460,000 after purchasing an additional 92,280 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of C3.ai in the third quarter worth about $1,955,000. Finally, Hsbc Holdings PLC lifted its position in shares of C3.ai by 679.8% during the 2nd quarter. Hsbc Holdings PLC now owns 87,092 shares of the company’s stock worth $2,500,000 after purchasing an additional 75,923 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors.

C3.ai Stock Performance

Shares of NYSE AI opened at $35.73 on Tuesday. C3.ai has a 1 year low of $18.85 and a 1 year high of $45.08. The firm has a market cap of $4.61 billion, a P/E ratio of -16.17 and a beta of 2.00. The stock has a fifty day moving average price of $32.74 and a two-hundred day moving average price of $28.26.

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.