C3.ai, Inc. (NYSE:AI) Receives Average Rating of "Hold" from Analysts

C3.ai, Inc. (NYSE:AI - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.58.

Several analysts have issued reports on AI shares. KeyCorp reduced their price target on shares of C3.ai from $21.00 to $17.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reissued a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Piper Sandler reduced their price objective on C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Finally, Morgan Stanley dropped their price objective on C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th.

C3.ai Stock Up 3.6 %

Shares of AI traded up $0.79 on Monday, reaching $22.62. The stock had a trading volume of 942,508 shares, compared to its average volume of 5,150,630. C3.ai has a twelve month low of $17.03 and a twelve month high of $45.08. The firm has a market capitalization of $3.00 billion, a PE ratio of -10.19 and a beta of 2.01. The firm has a 50-day moving average of $21.53 and a 200 day moving average of $28.67.

C3.ai (NYSE:AI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.37). C3.ai had a negative net margin of 79.17% and a negative return on equity of 31.31%. The firm had revenue of $98.78 million during the quarter, compared to analysts' expectations of $98.12 million. On average, sell-side analysts anticipate that C3.ai will post -2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Merel Witteveen sold 1,133 shares of C3.ai stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $22.25, for a total value of $25,209.25. Following the transaction, the vice president now directly owns 7,287 shares of the company's stock, valued at $162,135.75. The trade was a 13.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas M. Siebel sold 13,567 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,446,967 shares of company stock valued at $37,175,326. Insiders own 33.54% of the company's stock.

Institutional Investors Weigh In On C3.ai

Several institutional investors have recently bought and sold shares of AI. Wealth Enhancement Advisory Services LLC boosted its position in C3.ai by 28.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,400 shares of the company's stock worth $496,000 after purchasing an additional 3,161 shares during the period. TT International Asset Management LTD purchased a new stake in shares of C3.ai in the fourth quarter worth about $482,000. Friedenthal Financial purchased a new stake in shares of C3.ai in the fourth quarter worth about $757,000. Janney Montgomery Scott LLC raised its holdings in shares of C3.ai by 70.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company's stock valued at $1,905,000 after buying an additional 22,949 shares during the period. Finally, McGuire Investment Group LLC acquired a new position in C3.ai during the 4th quarter worth approximately $316,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

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.