C3.ai, Inc. (NYSE:AI - Get Free Report) Director Jim H. Snabe sold 499,700 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $43.05, for a total transaction of $21,512,085.00. Following the sale, the director now owns 10,000 shares in the company, valued at $430,500. This represents a 98.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
C3.ai Price Performance
NYSE AI opened at $35.45 on Friday. The stock's fifty day moving average price is $31.59 and its 200 day moving average price is $28.03. C3.ai, Inc. has a 1 year low of $18.85 and a 1 year high of $45.08. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -16.04 and a beta of 2.00.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in C3.ai by 12.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 844,389 shares of the company's stock valued at $20,460,000 after purchasing an additional 92,280 shares during the period. PDT Partners LLC acquired a new position in shares of C3.ai in the 3rd quarter valued at about $1,624,000. Global Assets Advisory LLC purchased a new stake in shares of C3.ai in the third quarter worth about $743,000. Janney Montgomery Scott LLC acquired a new stake in C3.ai during the third quarter worth about $785,000. Finally, Intech Investment Management LLC purchased a new position in C3.ai during the third quarter valued at approximately $859,000. 38.96% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts have recently weighed in on AI shares. DA Davidson raised shares of C3.ai to a "hold" rating in a research note on Wednesday. StockNews.com upgraded C3.ai to a "sell" rating in a research note on Tuesday, November 26th. JMP Securities boosted their target price on shares of C3.ai from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 10th. Northland Securities raised their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut shares of C3.ai from a "neutral" rating to an "underweight" rating and set a $28.00 price objective for the company. in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, C3.ai presently has a consensus rating of "Hold" and a consensus target price of $35.00.
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C3.ai Company Profile
(
Get Free Report)
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.
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