Susquehanna Fundamental Investments LLC Takes Position in C3.ai, Inc. (NYSE:AI)

Susquehanna Fundamental Investments LLC bought a new position in C3.ai, Inc. (NYSE:AI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 91,763 shares of the company's stock, valued at approximately $3,159,000. Susquehanna Fundamental Investments LLC owned 0.07% of C3.ai as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in C3.ai by 28.1% during the fourth 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 position in shares of C3.ai in the 4th quarter worth $482,000. Friedenthal Financial purchased a new position in shares of C3.ai in the 4th quarter worth $757,000. Janney Montgomery Scott LLC grew its position in C3.ai by 70.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,339 shares of the company's stock valued at $1,905,000 after acquiring an additional 22,949 shares during the period. Finally, McGuire Investment Group LLC acquired a new stake in C3.ai during the fourth quarter worth about $316,000. Hedge funds and other institutional investors own 38.96% of the company's stock.

Insider Buying and Selling

In related news, CEO Thomas M. Siebel sold 552,422 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $33.04, for a total value of $18,252,022.88. Following the completion of the transaction, the chief executive officer now directly owns 1,336,968 shares of the company's stock, valued at $44,173,422.72. This represents a 29.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard C. Levin sold 12,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $29.84, for a total value of $358,080.00. Following the transaction, the director now directly owns 161,664 shares in the company, valued at $4,824,053.76. This trade represents a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,446,967 shares of company stock worth $37,175,326 in the last three months. 33.54% of the stock is owned by insiders.

C3.ai Price Performance

Shares of AI stock traded up $0.65 on Friday, hitting $22.48. 3,033,399 shares of the stock traded hands, compared to its average volume of 5,166,734. The company's fifty day moving average is $21.46 and its 200 day moving average is $28.65. C3.ai, Inc. has a 1-year low of $17.03 and a 1-year high of $45.08. The company has a market capitalization of $2.98 billion, a PE ratio of -10.17 and a beta of 2.01.

C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.37). C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. The business had revenue of $98.78 million for the quarter, compared to analyst estimates of $98.12 million. As a group, equities research analysts expect that C3.ai, Inc. will post -2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. KeyCorp decreased their target price on C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group decreased their price objective on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. 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 research note on Monday, April 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Finally, Piper Sandler lowered their price objective on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.