C3.ai, Inc. (NYSE:AI) Director Sells $417,600.00 in Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $34.80, for a total transaction of $417,600.00. Following the completion of the sale, the director now directly owns 161,664 shares of the company’s stock, valued at $5,625,907.20. This represents a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

C3.ai Stock Performance

NYSE AI opened at $36.78 on Friday. The firm’s fifty day moving average price is $33.75 and its two-hundred day moving average price is $28.44. The stock has a market cap of $4.75 billion, a PE ratio of -16.64 and a beta of 2.00. C3.ai, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $45.08.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson upgraded C3.ai to a “hold” rating in a research note on Wednesday, December 18th. JMP Securities increased their target price on C3.ai from $40.00 to $55.00 and gave the stock a “market outperform” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price target on C3.ai from $24.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research note on Tuesday, December 10th. Finally, KeyCorp downgraded shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price target for the company. in a report on Thursday, December 19th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, C3.ai currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Institutional Investors Weigh In On C3.ai

Hedge funds and other institutional investors have recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd bought a new position in C3.ai in the third quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. raised its holdings in C3.ai by 311.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock valued at $30,000 after buying an additional 795 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in C3.ai during the 2nd quarter worth approximately $41,000. Quest Partners LLC grew its holdings in C3.ai by 9,033.3% during the 3rd quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock worth $40,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in C3.ai in the 3rd quarter valued at approximately $48,000. 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.