PDT Partners LLC bought a new position in C3.ai, Inc. (NYSE:AI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,012 shares of the company's stock, valued at approximately $1,624,000. PDT Partners LLC owned 0.05% of C3.ai as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of C3.ai by 2.1% during the 2nd quarter. American Century Companies Inc. now owns 21,447 shares of the company's stock valued at $621,000 after acquiring an additional 432 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of C3.ai by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 14,078 shares of the company's stock valued at $341,000 after buying an additional 457 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of C3.ai by 4.3% during the 2nd quarter. Principal Financial Group Inc. now owns 11,165 shares of the company's stock valued at $323,000 after buying an additional 462 shares during the last quarter. Forum Financial Management LP raised its position in C3.ai by 4.4% during the second quarter. Forum Financial Management LP now owns 12,893 shares of the company's stock valued at $373,000 after acquiring an additional 539 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in C3.ai by 0.5% in the second quarter. Rhumbline Advisers now owns 125,344 shares of the company's stock valued at $3,630,000 after acquiring an additional 572 shares during the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.
C3.ai Price Performance
Shares of AI traded down $0.98 on Monday, reaching $36.20. 5,258,253 shares of the stock traded hands, compared to its average volume of 5,506,580. The stock's 50-day moving average price is $27.61 and its 200-day moving average price is $26.80. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of -15.88 and a beta of 1.80. C3.ai, Inc. has a 12 month low of $18.85 and a 12 month high of $39.88.
C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.08. The company had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.94 million. C3.ai had a negative net margin of 85.47% and a negative return on equity of 31.28%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) EPS. As a group, equities research analysts forecast that C3.ai, Inc. will post -2.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
AI has been the topic of several analyst reports. StockNews.com upgraded shares of C3.ai to a "sell" rating in a research note on Tuesday, November 26th. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a report on Thursday, September 5th. Bank of America decreased their target price on C3.ai from $24.00 to $20.00 and set an "underperform" rating for the company in a research report on Thursday, September 5th. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of C3.ai in a research report on Thursday, September 5th. Finally, DA Davidson reduced their price objective on shares of C3.ai from $30.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned 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 company has a consensus rating of "Hold" and a consensus target price of $27.70.
Read Our Latest Report on AI
C3.ai Profile
(
Free Report)
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.
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