XTX Topco Ltd Invests $967,000 in C3.ai, Inc. (NYSE:AI)

XTX Topco Ltd purchased a new stake in C3.ai, Inc. (NYSE:AI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,097 shares of the company's stock, valued at approximately $967,000.

Several other large investors also recently made changes to their positions in the stock. Brown Lisle Cummings Inc. lifted its stake in C3.ai by 100.0% in the 4th 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. R Squared Ltd acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. boosted its holdings in C3.ai by 100.7% during the fourth quarter. Russell Investments Group Ltd. now owns 909 shares of the company's stock worth $31,000 after purchasing an additional 456 shares during the last quarter. WealthTrak Capital Management LLC acquired a new stake in C3.ai in the 4th quarter valued at $33,000. Finally, CENTRAL TRUST Co acquired a new position in shares of C3.ai during the 4th quarter worth about $34,000. 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 13,567 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $19.47, for a total transaction of $264,149.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas M. Siebel sold 552,422 shares of the stock in a transaction on Tuesday, February 11th. The shares were 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 owns 1,336,968 shares of the company's stock, valued at $44,173,422.72. The trade was a 29.24 % 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 over the last three months. Corporate insiders own 33.54% of the company's stock.

C3.ai Price Performance

NYSE:AI traded down $0.36 during trading hours on Monday, reaching $18.99. 453,701 shares of the company were exchanged, compared to its average volume of 4,552,128. The company has a market capitalization of $2.52 billion, a P/E ratio of -8.60 and a beta of 2.01. The business has a 50 day moving average of $23.20 and a 200 day moving average of $28.98. 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 announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.37). The firm had revenue of $98.78 million for the quarter, compared to analyst estimates of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. As a group, equities research analysts anticipate that C3.ai, Inc. will post -2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp dropped their target price on C3.ai from $21.00 to $17.00 and set an "underweight" rating on the stock in a report on Thursday. Needham & Company LLC reaffirmed a "hold" rating on shares of C3.ai in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective on shares of C3.ai from $30.00 to $20.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. Piper Sandler dropped their target price on shares of C3.ai from $42.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, Canaccord Genuity Group reduced their price target on C3.ai from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Five equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, C3.ai currently has a consensus rating of "Hold" and an average price target 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.