Susquehanna Fundamental Investments LLC Invests $3.16 Million in C3.ai, Inc. (NYSE:AI)

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

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in C3.ai by 28.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,400 shares of the company's stock valued at $496,000 after buying an additional 3,161 shares in the last quarter. TT International Asset Management LTD acquired a new position in shares of C3.ai in the 4th quarter worth approximately $482,000. Friedenthal Financial bought a new stake in C3.ai during the 4th quarter worth approximately $757,000. Janney Montgomery Scott LLC increased its holdings in 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 purchasing an additional 22,949 shares in the last quarter. Finally, McGuire Investment Group LLC acquired a new position in C3.ai in the fourth quarter worth $316,000. 38.96% of the stock is currently owned by institutional investors.

C3.ai Stock Down 2.3 %

NYSE AI traded down $0.53 during trading on Monday, reaching $21.96. 734,796 shares of the stock traded hands, compared to its average volume of 4,385,236. C3.ai, Inc. has a fifty-two week low of $17.03 and a fifty-two week high of $45.08. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -9.93 and a beta of 2.01. The stock's 50-day moving average price is $21.46 and its 200 day moving average price is $28.68.

C3.ai (NYSE:AI - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) EPS 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 net margin of 79.17% and a negative return on equity of 31.31%. Analysts anticipate that C3.ai, Inc. will post -2.44 EPS for the current fiscal year.

Insider Activity

In other news, CEO Thomas M. Siebel sold 13,567 shares of the business's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $19.47, for a total value of $264,149.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Merel Witteveen sold 1,133 shares of the 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 owns 7,287 shares of the company's stock, valued at approximately $162,135.75. The trade was a 13.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,434,967 shares of company stock worth $36,817,246 in the last 90 days. Corporate insiders own 33.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp lowered their target price on C3.ai from $21.00 to $17.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group reduced their target price on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. DA Davidson lowered their price target on shares of 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 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 target price 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. Five 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 given a strong buy rating to the stock. According to MarketBeat.com, C3.ai presently has a consensus rating of "Hold" and a consensus price target of $29.58.

About C3.ai

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.