MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Holdings in C3.ai, Inc. (NYSE:AI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,065,380 shares of the company's stock after selling 141,001 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.60% of C3.ai worth $71,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Lisle Cummings Inc. increased 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 valued at $28,000 after acquiring an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 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 in the last quarter. Legal & General Group Plc increased its holdings in shares of C3.ai by 0.4% during the fourth quarter. Legal & General Group Plc now owns 119,144 shares of the company's stock valued at $4,102,000 after acquiring an additional 517 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of C3.ai by 72.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,322 shares of the company's stock valued at $46,000 after acquiring an additional 555 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of C3.ai by 2.4% during the fourth quarter. Corient Private Wealth LLC now owns 23,371 shares of the company's stock valued at $805,000 after acquiring an additional 555 shares in the last quarter. Institutional investors own 38.96% of the company's stock.

C3.ai Price Performance

Shares of AI stock traded up $0.76 during trading hours on Friday, reaching $24.17. 3,521,898 shares of the company traded hands, compared to its average volume of 5,128,984. The firm has a 50-day moving average price of $21.57 and a 200 day moving average price of $28.50. The company has a market cap of $3.21 billion, a P/E ratio of -10.93 and a beta of 1.99. C3.ai, Inc. has a 12-month low of $17.03 and a 12-month high of $45.08.

C3.ai (NYSE:AI - Get Free Report) last posted 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). The firm had revenue of $98.78 million during the quarter, compared to the consensus estimate of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. Sell-side analysts predict that C3.ai, Inc. will post -2.44 EPS for the current year.

Insider Buying and Selling at C3.ai

In related news, CEO Thomas M. Siebel sold 341,698 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $24.00, for a total value of $8,200,752.00. Following the transaction, the chief executive officer now directly owns 4,674,643 shares of the company's stock, valued at approximately $112,191,432. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $264,149.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,523,332 shares of company stock valued at $33,894,663 over the last ninety days. 33.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. KeyCorp dropped their price objective on C3.ai from $21.00 to $17.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley dropped their price objective on C3.ai from $30.00 to $20.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler dropped 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. Canaccord Genuity Group dropped their price objective on C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson dropped their price objective on C3.ai from $25.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, C3.ai currently has a consensus rating of "Hold" and an average target price of $29.58.

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.