C3.ai, Inc. (NYSE:AI) Holdings Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,109 shares of the company's stock after purchasing an additional 62,030 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of C3.ai worth $7,992,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AI. Brown Lisle Cummings Inc. increased its holdings in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after buying an additional 400 shares during the last quarter. R Squared Ltd purchased a new stake in C3.ai during the fourth quarter valued at about $29,000. Russell Investments Group Ltd. grew its position in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock valued at $31,000 after acquiring an additional 456 shares during the period. WealthTrak Capital Management LLC acquired a new stake in C3.ai during the fourth quarter worth about $33,000. Finally, CENTRAL TRUST Co purchased a new position in shares of C3.ai in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 38.96% of the company's stock.

Insider Buying and Selling at C3.ai

In other C3.ai news, CEO Thomas M. Siebel sold 216,974 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $21.88, for a total value of $4,747,391.12. Following the transaction, the chief executive officer now directly owns 726,177 shares of the company's stock, valued at $15,888,752.76. This represents a 23.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas M. Siebel sold 13,567 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $19.47, for a total value of $264,149.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,529,519 shares of company stock valued at $34,038,096 in the last three months. Corporate insiders own 33.54% of the company's stock.

C3.ai Price Performance

C3.ai stock traded down $1.65 during midday trading on Monday, hitting $24.94. 10,041,929 shares of the company were exchanged, compared to its average volume of 5,206,398. The company's fifty day moving average price is $21.87 and its 200-day moving average price is $28.31. The company has a market cap of $3.31 billion, a PE ratio of -11.29 and a beta of 1.99. C3.ai, Inc. has a fifty-two week low of $17.03 and a fifty-two week high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last released 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. The firm had revenue of $108.72 million for the quarter, compared to analyst estimates of $107.85 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. C3.ai's revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS. On average, analysts expect that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. DA Davidson decreased their target price on C3.ai from $25.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Piper Sandler decreased their price objective on shares of C3.ai from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday. Oppenheimer dropped their price objective on shares of C3.ai from $56.00 to $45.00 and set an "outperform" rating for the company in a research report on Thursday. Canaccord Genuity Group reduced their target price on shares of C3.ai from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of C3.ai in a report on Thursday. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.46.

C3.ai 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.