Allspring Global Investments Holdings LLC Has $103,000 Holdings in C3.ai, Inc. (NYSE:AI)

Allspring Global Investments Holdings LLC decreased its position in C3.ai, Inc. (NYSE:AI) by 36.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,602 shares of the company’s stock after selling 2,108 shares during the period. Allspring Global Investments Holdings LLC’s holdings in C3.ai were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in shares of C3.ai during the third quarter worth approximately $25,000. B. Riley Asset Management LLC bought a new stake in shares of C3.ai during the 3rd quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of C3.ai in the third quarter worth $26,000. GPS Wealth Strategies Group LLC raised its stake in C3.ai by 87.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,351 shares of the company’s stock valued at $39,000 after purchasing an additional 632 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in C3.ai by 970.6% during the third quarter. Bogart Wealth LLC now owns 1,638 shares of the company’s stock worth $42,000 after purchasing an additional 1,485 shares during the period. Institutional investors own 38.96% of the company’s stock.

Analysts Set New Price Targets

AI has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of C3.ai from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Bank of America lifted their price objective on shares of C3.ai from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Thursday, February 29th. Wedbush cut their target price on C3.ai from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Finally, Canaccord Genuity Group lifted their price target on C3.ai from $27.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.50.

C3.ai Stock Up 3.0 %

Shares of AI opened at $22.83 on Monday. The business has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $27.30. C3.ai, Inc. has a 12-month low of $16.79 and a 12-month high of $48.87. The stock has a market cap of $2.79 billion, a PE ratio of -9.80 and a beta of 1.70.

C3.ai (NYSE:AI) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $75.92 million. On average, equities research analysts expect that C3.ai, Inc. will post -2.48 EPS for the current year.

C3.ai 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.