C3.ai (NYSE:AI) Price Target Raised to $45.00 at Northland Securities

C3.ai (NYSE:AI) had its target price boosted by Northland Securities from $35.00 to $45.00 in a research report released on Tuesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

AI has been the subject of several other reports. Piper Sandler reduced their target price on C3.ai from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of C3.ai in a research note on Thursday, September 5th. Oppenheimer restated an “outperform” rating and set a $40.00 price objective on shares of C3.ai in a report on Thursday, September 5th. Canaccord Genuity Group cut their target price on C3.ai from $30.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America decreased their price target on shares of C3.ai from $24.00 to $20.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. Three 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.com, the company currently has an average rating of “Hold” and a consensus target price of $34.60.

C3.ai Stock Performance

Shares of AI stock opened at $41.76 on Tuesday. The company has a market cap of $5.30 billion, a P/E ratio of -18.90 and a beta of 1.99. C3.ai has a fifty-two week low of $18.85 and a fifty-two week high of $45.08. The stock has a 50 day simple moving average of $29.47 and a two-hundred day simple moving average of $27.39.

Hedge Funds Weigh In On C3.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in C3.ai by 8.8% during the third quarter. Geode Capital Management LLC now owns 2,216,925 shares of the company’s stock worth $53,728,000 after acquiring an additional 178,870 shares during the period. Hodges Capital Management Inc. bought a new stake in shares of C3.ai during the 3rd quarter worth $1,955,000. State Street Corp boosted its holdings in shares of C3.ai by 1.8% in the 3rd quarter. State Street Corp now owns 2,121,391 shares of the company’s stock worth $51,401,000 after buying an additional 38,185 shares during the last quarter. Janus Henderson Group PLC grew its position in C3.ai by 21.3% during the third quarter. Janus Henderson Group PLC now owns 52,182 shares of the company’s stock valued at $1,265,000 after buying an additional 9,160 shares during the period. Finally, Holocene Advisors LP increased its holdings in C3.ai by 98.4% during the third quarter. Holocene Advisors LP now owns 75,780 shares of the company’s stock worth $1,836,000 after buying an additional 37,594 shares during the last quarter. Hedge funds and other institutional investors own 38.96% of the company’s stock.

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.