C3.ai, Inc. (NYSE:AI) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP trimmed its stake in C3.ai, Inc. (NYSE:AI) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,475 shares of the company’s stock after selling 1,500 shares during the period. Mission Wealth Management LP’s holdings in C3.ai were worth $444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AI. DekaBank Deutsche Girozentrale acquired a new position in shares of C3.ai in the 3rd quarter valued at $25,000. B. Riley Asset Management LLC acquired a new stake in C3.ai in the third quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in C3.ai in the 3rd quarter valued at approximately $26,000. GPS Wealth Strategies Group LLC increased its position in C3.ai by 87.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock worth $39,000 after purchasing an additional 632 shares during the period. Finally, Pittenger & Anderson Inc. purchased a new position in shares of C3.ai during the 4th quarter worth approximately $43,000. 38.96% of the stock is currently owned by institutional investors and hedge funds.

C3.ai Stock Performance

Shares of NYSE:AI opened at $24.05 on Friday. C3.ai, Inc. has a one year low of $17.15 and a one year high of $48.87. The stock has a market cap of $2.94 billion, a PE ratio of -10.32 and a beta of 1.74. The business’s fifty day moving average price is $26.57 and its two-hundred day moving average price is $27.20.

C3.ai (NYSE:AI) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) EPS for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.13. C3.ai had a negative return on equity of 29.60% and a negative net margin of 95.21%. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $75.92 million. As a group, equities research analysts predict that C3.ai, Inc. will post -2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AI. Bank of America upped their price objective on C3.ai from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Wedbush cut their price target on shares of C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Piper Sandler upped their target price on shares of C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Canaccord Genuity Group lifted their price target on shares of C3.ai from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

C3.ai Company 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.