C3.ai, Inc. (NYSE:AI) Given Consensus Rating of “Hold” by Analysts

Shares of C3.ai, Inc. (NYSE:AIGet Rating) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.75.

A number of equities research analysts recently issued reports on AI shares. StockNews.com assumed coverage on C3.ai in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Canaccord Genuity Group assumed coverage on C3.ai in a research report on Tuesday, October 11th. They set a “hold” rating and a $14.00 target price for the company. JMP Securities lowered their target price on C3.ai from $25.00 to $19.00 and set a “market outperform” rating for the company in a research report on Thursday, December 8th. Piper Sandler lowered their target price on C3.ai from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, December 8th. Finally, Morgan Stanley lowered their target price on C3.ai from $13.00 to $12.00 in a research report on Thursday, December 8th.

Insiders Place Their Bets

In other C3.ai news, CFO Juho Parkkinen sold 4,436 shares of C3.ai stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $13.25, for a total transaction of $58,777.00. Following the transaction, the chief financial officer now owns 353,057 shares of the company’s stock, valued at approximately $4,678,005.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 5,922 shares of company stock valued at $75,707 in the last 90 days. 38.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On C3.ai

A number of hedge funds have recently modified their holdings of AI. JPMorgan Chase & Co. raised its holdings in shares of C3.ai by 98.8% in the 1st quarter. JPMorgan Chase & Co. now owns 83,970 shares of the company’s stock worth $1,907,000 after purchasing an additional 41,723 shares during the period. Raymond James & Associates raised its holdings in shares of C3.ai by 27.9% in the 1st quarter. Raymond James & Associates now owns 93,029 shares of the company’s stock worth $2,112,000 after purchasing an additional 20,295 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of C3.ai by 33.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 20,167 shares of the company’s stock worth $458,000 after purchasing an additional 5,025 shares during the period. Bank of New York Mellon Corp grew its stake in C3.ai by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 742,737 shares of the company’s stock valued at $16,861,000 after buying an additional 33,060 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in C3.ai in the 1st quarter valued at approximately $44,000. Institutional investors own 41.97% of the company’s stock.

C3.ai Stock Up 7.4 %

NYSE:AI opened at $14.54 on Tuesday. The stock’s 50 day moving average price is $12.26 and its two-hundred day moving average price is $14.73. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -6.52 and a beta of 0.84. C3.ai has a 12-month low of $10.16 and a 12-month high of $27.62.

C3.ai (NYSE:AIGet Rating) last posted its earnings results on Wednesday, December 7th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.02). C3.ai had a negative net margin of 88.43% and a negative return on equity of 24.17%. The firm had revenue of $62.41 million during the quarter, compared to analyst estimates of $61.03 million. Equities research analysts expect that C3.ai will post -2.73 EPS for the current year.

About C3.ai

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C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises. Its software solutions include C3 AI Suite, a platform-as-a-service application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; and C3 AI Applications, which include industry-specific and application-specific turnkey AI solutions.

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Analyst Recommendations for C3.ai (NYSE:AI)

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