129,000 Shares in C3.ai, Inc. (NYSE:AI) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in C3.ai, Inc. (NYSE:AI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 129,000 shares of the company's stock, valued at approximately $4,441,000. GF Fund Management CO. LTD. owned about 0.10% of C3.ai as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Brown Lisle Cummings Inc. lifted its holdings in shares of C3.ai by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after purchasing an additional 400 shares during the period. R Squared Ltd purchased a new position in C3.ai during the 4th quarter worth $29,000. Russell Investments Group Ltd. lifted its stake in shares of C3.ai by 100.7% in the 4th quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after acquiring an additional 456 shares during the period. WealthTrak Capital Management LLC purchased a new stake in shares of C3.ai in the fourth quarter valued at about $33,000. Finally, CENTRAL TRUST Co acquired a new position in shares of C3.ai during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 38.96% of the company's stock.

Insider Transactions at C3.ai

In other news, VP Merel Witteveen sold 5,719 shares of C3.ai stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $23.32, for a total transaction of $133,367.08. Following the completion of the sale, the vice president now directly owns 12,066 shares in the company, valued at $281,379.12. The trade was a 32.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas M. Siebel sold 356,418 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $20.19, for a total transaction of $7,196,079.42. Following the completion of the transaction, the chief executive officer now directly owns 241,768 shares of the company's stock, valued at approximately $4,881,295.92. This represents a 59.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,529,519 shares of company stock valued at $34,038,096 over the last three months. 33.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on AI shares. Needham & Company LLC restated a "hold" rating on shares of C3.ai in a research report on Thursday. Canaccord Genuity Group reduced their price target on C3.ai from $30.00 to $28.00 and set a "hold" rating for the company in a report on Thursday. Morgan Stanley lifted their price target on C3.ai from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Thursday. UBS Group reiterated a "neutral" rating and issued a $28.00 price objective (up previously from $26.00) on shares of C3.ai in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of C3.ai from $27.00 to $23.00 and set an "underweight" rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, C3.ai currently has a consensus rating of "Hold" and a consensus target price of $29.46.

C3.ai Stock Performance

NYSE:AI traded down $1.33 during mid-day trading on Friday, hitting $26.47. 7,708,172 shares of the company's stock traded hands, compared to its average volume of 5,366,075. The company has a market cap of $3.51 billion, a PE ratio of -11.94 and a beta of 1.99. The firm's 50 day simple moving average is $21.81 and its 200 day simple moving average is $28.30. C3.ai, Inc. has a 1 year low of $17.03 and a 1 year high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $108.72 million during the quarter, compared to analysts' expectations of $107.85 million. During the same period last year, the company posted ($0.11) EPS. The company's revenue was up 25.5% on a year-over-year basis. On average, research analysts expect that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

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.