C3.ai, Inc. (NYSE:AI) Given Consensus Rating of "Hold" by Analysts

Shares of C3.ai, Inc. (NYSE:AI - Get Free Report) have been given a consensus rating of "Hold" by the fourteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $29.46.

Several research firms have weighed in on AI. DA Davidson cut their target price on shares of C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley boosted their target price on C3.ai from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Thursday, May 29th. Piper Sandler dropped their price target on C3.ai from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. KeyCorp reiterated a "mixed" rating on shares of C3.ai in a report on Thursday, May 29th. Finally, Oppenheimer lowered their target price on C3.ai from $56.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th.

C3.ai Stock Up 2.9%

AI stock opened at $24.44 on Tuesday. The business has a fifty day moving average of $22.87 and a 200-day moving average of $27.63. The company has a market cap of $3.24 billion, a P/E ratio of -11.06 and a beta of 2.04. C3.ai has a twelve month low of $17.03 and a twelve month high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.04. C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The company had revenue of $108.72 million during the quarter, compared to analysts' expectations of $107.85 million. During the same quarter in the previous year, the company earned ($0.11) EPS. C3.ai's revenue was up 25.5% on a year-over-year basis. As a group, equities research analysts anticipate that C3.ai will post -2.44 earnings per share for the current fiscal year.

Insider Activity at C3.ai

In related news, CEO Thomas M. Siebel sold 13,567 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $19.47, for a total transaction of $264,149.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Merel Witteveen sold 1,133 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $22.25, for a total value of $25,209.25. Following the sale, the vice president now directly owns 7,287 shares of the company's stock, valued at $162,135.75. This represents a 13.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,732,338 shares of company stock valued at $41,061,552. Insiders own 33.54% of the company's stock.

Institutional Investors Weigh In On C3.ai

Hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $42,306,000. Man Group plc acquired a new stake in shares of C3.ai during the 4th quarter worth $38,455,000. Two Sigma Advisers LP acquired a new stake in C3.ai during the fourth quarter worth about $30,725,000. Renaissance Technologies LLC increased its holdings in C3.ai by 1,242.5% in the 4th quarter. Renaissance Technologies LLC now owns 718,231 shares of the company's stock valued at $24,729,000 after buying an additional 664,731 shares during the period. Finally, Vident Advisory LLC raised its position in shares of C3.ai by 3,935.9% in the 1st quarter. Vident Advisory LLC now owns 568,492 shares of the company's stock valued at $11,967,000 after buying an additional 554,406 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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