Vontobel Holding Ltd. Acquires 38,898 Shares of C3.ai, Inc. $AI

Vontobel Holding Ltd. boosted its holdings in C3.ai, Inc. (NYSE:AI) by 205.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,793 shares of the company’s stock after buying an additional 38,898 shares during the period. Vontobel Holding Ltd.’s holdings in C3.ai were worth $1,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of C3.ai by 1,481.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,173 shares of the company’s stock valued at $12,338,000 after purchasing an additional 470,422 shares during the period. Tiller Private Wealth Inc. acquired a new stake in shares of C3.ai during the second quarter worth $5,300,000. Canada Pension Plan Investment Board increased its holdings in C3.ai by 570.6% in the first quarter. Canada Pension Plan Investment Board now owns 203,200 shares of the company’s stock valued at $4,277,000 after purchasing an additional 172,900 shares during the last quarter. Geode Capital Management LLC increased its holdings in C3.ai by 5.9% in the second quarter. Geode Capital Management LLC now owns 2,813,233 shares of the company’s stock valued at $69,129,000 after purchasing an additional 156,925 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in C3.ai by 496.1% in the second quarter. Marshall Wace LLP now owns 177,930 shares of the company’s stock valued at $4,372,000 after buying an additional 148,083 shares during the period. 38.96% of the stock is owned by institutional investors.

C3.ai Stock Performance

Shares of AI stock opened at $13.98 on Friday. C3.ai, Inc. has a 52 week low of $12.59 and a 52 week high of $38.58. The company’s 50 day moving average price is $15.29 and its two-hundred day moving average price is $19.06. The company has a market capitalization of $1.97 billion, a P/E ratio of -4.94 and a beta of 1.97.

C3.ai (NYSE:AI) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.08. C3.ai had a negative net margin of 108.06% and a negative return on equity of 46.51%. The company had revenue of $75.15 million during the quarter, compared to the consensus estimate of $74.86 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue was down 20.3% compared to the same quarter last year. Analysts forecast that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. DA Davidson restated an “underperform” rating and set a $13.00 target price on shares of C3.ai in a research report on Thursday, December 4th. UBS Group lifted their price objective on shares of C3.ai from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, September 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of C3.ai in a research note on Thursday, December 4th. Wedbush reiterated an “outperform” rating and issued a $20.00 target price on shares of C3.ai in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of C3.ai in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $21.92.

Insider Buying and Selling at C3.ai

In other news, EVP Robert David Schilling sold 470,420 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $17.29, for a total value of $8,133,561.80. Following the sale, the executive vice president directly owned 1,011,327 shares in the company, valued at $17,485,843.83. The trade was a 31.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Thomas M. Siebel sold 140,768 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $14.22, for a total value of $2,001,720.96. Following the transaction, the chairman owned 941,845 shares of the company’s stock, valued at approximately $13,393,035.90. The trade was a 13.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,184,347 shares of company stock valued at $35,797,718 in the last 90 days. 26.50% of the stock is currently owned by company insiders.

C3.ai Profile

C3.ai, Inc is a leading enterprise software provider focused on delivering scalable artificial intelligence (AI) and Internet of Things (IoT) solutions to large organizations. The company’s core offering, the C3 AI Suite, is a comprehensive, model-driven platform that unifies data ingestion, model development, and application deployment. Through its suite of tools, C3.ai enables customers to accelerate digital transformation initiatives by applying advanced machine learning, predictive analytics, and AI-driven insights across a broad range of business functions.

The C3 AI Suite provides a low-code environment for data scientists and application developers to rapidly design, test, and deploy enterprise-scale AI applications.