Richard C. Levin Sells 12,000 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $29.84, for a total transaction of $358,080.00. Following the transaction, the director now directly owns 161,664 shares in the company, valued at $4,824,053.76. This trade represents a 6.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

C3.ai Stock Up 8.3 %

Shares of AI traded up $2.60 during mid-day trading on Tuesday, reaching $33.81. The company had a trading volume of 5,174,793 shares, compared to its average volume of 4,716,921. The stock has a market capitalization of $4.36 billion, a P/E ratio of -15.30 and a beta of 1.98. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08. The stock has a 50 day moving average of $35.45 and a two-hundred day moving average of $28.99.

Institutional Trading of C3.ai

A number of hedge funds have recently added to or reduced their stakes in AI. Brown Lisle Cummings Inc. lifted its position in shares of C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. R Squared Ltd purchased a new stake in C3.ai during the 4th quarter valued at about $29,000. CENTRAL TRUST Co acquired a new stake in shares of C3.ai in the fourth quarter valued at approximately $34,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of C3.ai in the 3rd quarter worth $25,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in C3.ai by 311.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after acquiring an additional 795 shares during the period. 38.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of C3.ai from a “neutral” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Wednesday, December 11th. StockNews.com raised C3.ai to a “sell” rating in a research report on Tuesday, November 26th. KeyCorp downgraded C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective on the stock. in a research report on Thursday, December 19th. Northland Securities lifted their price target on shares of C3.ai from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, DA Davidson raised shares of C3.ai to a “hold” rating in a research report on Wednesday, December 18th. Five equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.00.

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.