C3.ai, Inc. (NYSE:AI) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in C3.ai, Inc. (NYSE:AI) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 28,478 shares of the company’s stock after buying an additional 811 shares during the quarter. Daiwa Securities Group Inc.’s holdings in C3.ai were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in C3.ai by 3.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 17,274 shares of the company’s stock valued at $441,000 after purchasing an additional 610 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of C3.ai by 87.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock worth $39,000 after acquiring an additional 632 shares during the last quarter. EWG Elevate Inc. boosted its stake in shares of C3.ai by 8.3% in the fourth quarter. EWG Elevate Inc. now owns 8,876 shares of the company’s stock worth $255,000 after acquiring an additional 679 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of C3.ai by 0.4% in the third quarter. Perigon Wealth Management LLC now owns 186,434 shares of the company’s stock worth $4,758,000 after acquiring an additional 749 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in shares of C3.ai by 6.8% in the third quarter. Arete Wealth Advisors LLC now owns 13,887 shares of the company’s stock worth $354,000 after acquiring an additional 880 shares during the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Stock Down 0.8 %

NYSE:AI opened at $22.17 on Friday. C3.ai, Inc. has a 52 week low of $16.79 and a 52 week high of $48.87. The company has a market capitalization of $2.71 billion, a P/E ratio of -9.52 and a beta of 1.70. The stock’s fifty day moving average is $27.08 and its two-hundred day moving average is $27.31.

C3.ai (NYSE:AI) last posted its earnings results 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 company had revenue of $78.40 million for the quarter, compared to the consensus estimate of $75.92 million. Sell-side analysts anticipate that C3.ai, Inc. will post -2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AI has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Wedbush lowered their price objective on C3.ai from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Bank of America boosted their price objective on C3.ai from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Finally, Canaccord Genuity Group boosted their price objective on C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.